Apple Inc.

TSX:AAPL Stock Report

Market Cap: CA$5.9t

Apple Future Growth

Future criteria checks 3/6

Apple is forecast to grow earnings and revenue by 8.2% and 7.6% per annum respectively. EPS is expected to grow by 9.9% per annum. Return on equity is forecast to be 134.8% in 3 years.

Key information

8.2%

Earnings growth rate

9.94%

EPS growth rate

Tech earnings growth11.1%
Revenue growth rate7.6%
Future return on equity134.75%
Analyst coverage

Good

Last updated13 May 2026

Recent future growth updates

No updates

Recent updates

Seeking Alpha • Apr 21

Apple: Tim Cook Hands Over, But This Is Not A Great Reset

Summary Apple Inc. will soon transition to new CEO John Ternus in September, while Tim Cook will assume the executive chair. Helping to maintain its core strategic focus and organizational culture. AAPL's strong Q1 China performance and robust services growth underpin a continued valuation re-rating narrative, demonstrating leadership in its most important ex-US market. Risks include potential memory and TSMC N3 capacity constraints, but near-term earnings trajectory appears de-risked through the transition. I see Apple doubling down on hardware and product development to navigate this AI era, while integrating deeper with third party models. Though expensive, I maintain a Buy rating on AAPL, but favoring entry below 34x forward P/E, with $245 as a key support for more aggressive positioning. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

TSX:AAPL - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
9/30/2028551,897151,919168,438182,00020
9/30/2027515,567138,598154,672168,05941
9/30/2026477,799128,371139,395150,53734
3/28/2026451,442122,575129,174140,222N/A
12/27/2025435,617117,777123,324135,472N/A
9/27/2025416,161112,01098,767111,482N/A
6/28/2025408,62599,28096,184108,565N/A
3/29/2025400,36697,29498,486109,556N/A
12/28/2024395,76096,15098,299108,294N/A
9/28/2024391,03593,736108,807118,254N/A
6/29/2024385,603101,956104,339113,041N/A
3/30/2024381,623100,389101,919110,563N/A
12/30/2023385,706100,913106,869116,433N/A
9/30/2023383,28596,99599,584110,543N/A
7/1/2023383,93394,760100,987113,072N/A
4/1/2023385,09594,32197,490109,584N/A
12/31/2022387,53795,17197,498109,190N/A
9/24/2022394,32899,803111,443122,151N/A
6/25/2022387,54299,633107,582118,224N/A
3/26/2022386,017101,935105,793116,426N/A
12/25/2021378,323100,555101,853112,241N/A
9/25/2021365,81794,68092,953104,038N/A
6/26/2021347,15586,80294,768104,414N/A
3/27/2021325,40676,31190,47399,591N/A
12/26/2020294,13563,93080,21988,921N/A
9/26/2020274,51557,41173,36580,674N/A
6/27/2020273,85758,42471,70680,008N/A
3/28/2020267,98157,21566,63675,373N/A
12/28/2019267,68357,527N/A73,217N/A
9/28/2019260,17455,256N/A69,391N/A
6/29/2019259,03455,695N/A69,004N/A
3/30/2019258,49057,170N/A71,856N/A
12/29/2018261,61259,431N/A75,831N/A
9/29/2018265,59559,531N/A77,434N/A
6/30/2018255,27456,120N/A73,660N/A
3/31/2018247,41753,318N/A67,844N/A
12/30/2017239,17650,525N/A65,284N/A
9/30/2017229,23448,351N/A64,225N/A
7/1/2017223,50746,651N/A64,602N/A
4/1/2017220,45745,730N/A66,564N/A
12/31/2016218,11845,217N/A65,595N/A
9/24/2016215,63945,687N/A66,231N/A
6/25/2016220,28847,797N/A63,173N/A
3/26/2016227,53550,678N/A67,527N/A
12/26/2015234,98853,731N/A75,007N/A
9/26/2015233,71553,394N/A81,266N/A
6/27/2015224,33750,737N/A81,041N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AAPL's forecast earnings growth (8.2% per year) is above the savings rate (3%).

Earnings vs Market: AAPL's earnings (8.2% per year) are forecast to grow slower than the Canadian market (10.8% per year).

High Growth Earnings: AAPL's earnings are forecast to grow, but not significantly.

Revenue vs Market: AAPL's revenue (7.6% per year) is forecast to grow faster than the Canadian market (5% per year).

High Growth Revenue: AAPL's revenue (7.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AAPL's Return on Equity is forecast to be very high in 3 years time (134.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/13 05:36
End of Day Share Price 2026/05/13 00:00
Earnings2026/03/28
Annual Earnings2025/09/27

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Apple Inc. is covered by 94 analysts. 41 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Amman SaeedAccountability Research Corporation
Warren LauAletheia Analyst Network Limited
Rocco StraussArete Research Services LLP