[Bernstein: Rising memory chip costs may pressure Apple's quarterly performance, lowers EPS forecast to $2.87] BlockBeats News, September 25, Bernstein published a report stating that the significant increase in memory chip costs could pressure the profit margin of iPhones in Apple's December quarter and pose a risk of performance falling below expectations. The firm has lowered its earnings per share (EPS) forecast for Apple from $3 to $2.87, below the market consensus estimate of $2.92. Despite anticipating short-term margin pressure, Bernstein maintains its 'Outperform' rating for Apple and a target price of $370, believing Apple remains a key gateway for consumer AI. [Original link]