UBS Says Apple’s (AAPL) June 2026 Quarter App Store Growth at Approximately 3%

Apple Inc. (NASDAQ:AAPL) is one of the 15 Best NASDAQ 100 Stocks to Buy Other Than SpaceX.

On July 7, 2026, UBS analyst David Vogt said the firm’s analysis of Apple Inc. (NASDAQ:AAPL) App Store data from Sensor Tower suggests June 2026 quarter growth of approximately 3%, with U.S. revenue declining about 6%. Vogt said easier year-over-year comparisons beginning in the September 2026 quarter could support an improvement in growth trends. UBS has a Neutral rating and $296 price target on Apple.

On July 8, Apple announced a new multiyear commitment with Broadcom (AVGO) to design and produce custom silicon components and wireless connectivity technologies for a wide range of Apple products. The agreement is expected to exceed $30B and lead to the production of more than 15 billion U.S.-made chips. Apple said the deal will also support hundreds of American jobs and allow Broadcom to expand and modernize its manufacturing facilities in Fort Collins, Colorado, with a $1.5B capital expenditure investment.

On July 6, Jefferies analyst Edison Lee said China’s internet platforms have driven post-618 discounting on iPhone 17 Pro/Pro Max models since Apple raised Mac and iPad prices. Lee said the discounting, along with shorter-lived promotions from Suning and WeChat channels, contributed to roughly 20% volume growth over the recent fortnight. Jefferies said Apple may be a net beneficiary in the near term, though demand strength appears partly supported by elevated trade-in values that may be difficult to sustain. Jefferies has a Hold rating and $299.88 price target on Apple.

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

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