花旗下调苹果目标价:芯片涨价或导致今年毛利率下降100个基点

华尔街见闻
Jan 20

花旗最新报告将苹果目标股价从330美元下调至315美元,报告指出,存储价格飙升将直接挤压苹果的利润空间,预计其2026年毛利率将承受显著下行压力。据追风交易台,该行模型显示,2026年DRAM与NAND闪存平均售价将分别同比上升88%和74%。若苹果面临50%的DRAM采购价格上涨,预计其2026年毛利率将承受约100个基点的下行压力。报告指出,尽管存储芯片价格上涨将直接挤压利润,但苹果凭借高端...

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