Apple gets a $360 price target from JP Morgan despite iPhone demand concerns

9to5mac.com Oct 12, 2026

Apple gets a $360 price target from JP Morgan despite iPhone demand concerns

Curated by Shubham · TechCapsules · Oct 12, 2026

AI-summarised brief · reviewed before publication

JP Morgan lifted its Apple (AAPL) price target to $360, up $20 from the prior $340, while keeping an Overweight rating. The change follows a recent dip in Apple shares after Nikkei Asia reported that the company asked suppliers to trim component output for the iPhone 18 Pro and Pro Max, citing soft demand. Despite the 2.5 % intraday slide, the stock recovered to close at $340.97. JP Morgan’s note argues the cuts align with Apple’s normal production adjustments and do not signal a sudden demand collapse. The firm expects the newly announced iPhone Duo to compensate for the delayed launch of the standard iPhone 18, forecasting 8.5 million Duo units in the December quarter and a 2 % dip in iPhone revenue, offset by a 2 % rise in revenue.

💡 Why It Matters

· Analysts view the higher target as a vote of confidence that Apple’s staggered rollout can smooth demand gaps, suggesting the company’s ecosystem resilience outweighs short‑term iPhone softness.

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iPhone hits record Q3 shipment share as global smartphone market plunges 20%,…

Apple’s share of global smartphone shipments surpassed 20% for the first time in a third quarter, reaching 22% in Q3 2026, according to Counterpoint Research. The overall market fell 20% year‑over‑year, the lowest in 14 years, driven by memory shortages and higher prices. Apple’s rise narrowed the gap with Samsung, which held 23%. Xiaomi, OPPO, and vivo each saw declines, while the iPhone 18 Pro launched strongly in China and India, offsetting a smaller launch‑month channel fill.

💡 The shift shows Apple’s resilience amid a shrinking market, suggesting its premium strategy can sustain market share even as volume declines. This trend may pressure competitors to rethink pricing and supply strategies.

appleinsider.com · Oct 12

Where Apple focused engineering so the iPhone Duo could have desktop-like performance

Apple engineered the iPhone Duo’s thin form by reconfiguring its thermal architecture. Engineers moved the DRAM from a vertical stack to a side‑by‑side layout, using wafer‑level multichip modules to spread heat. A redesigned vapor chamber—three times larger and paired with a “metal over foam” coupling—provides direct silicon access and structural support. A flexible graphite pipe in the hinge links the chambers, while a nanotube copper plate reinforces the foldable display. These four pillars collectively enhance heat dissipation and device durability.

💡 By rethinking component placement and materials, Apple turns a foldable phone into a thermally robust platform, setting a new standard for thin, high‑performance mobile devices.

appleinsider.com · Oct 12

Endangered indigenous languages are being saved by the iPhone

Apple has supported over 200 languages on the iPhone, a process that began in 2010 and continues with ongoing research and community consultation. The company works with indigenous groups to ensure accurate representation of scripts, including Unicode inclusion, keyboard layouts, and character variations. Recent updates in iOS 27 added Native American languages such as Blackfoot, Comanche, and Northern East Cree, while Cherokee users now benefit from dynamic key options that adapt to typed characters. Apple’s collaboration aims to preserve endangered languages through technology.

💡 By embedding culturally accurate language tools into a globally used device, Apple gives speakers of threatened languages a practical platform for daily communication and cultural expression. This partnership demonstrates how mainstream tech can actively support linguistic diversity and resilience.

9to5mac.com · Oct 12

Apple’s new ‘Switch to Safari’ campaign details why you should ditch Chrome

Apple launched a “Switch to Safari” campaign to promote its browser over Google Chrome. The initiative includes a dedicated webpage featuring a side‑by‑side comparison chart, highlighting Safari’s superior battery life, privacy safeguards, and performance. Two new YouTube videos showcase Safari’s Distraction Control and Intelligent Tracking Prevention. Apple’s push follows earlier privacy‑focused campaigns and aims to position Safari as the preferred choice for users and organizations seeking enhanced security and efficiency.

💡 By actively contrasting Safari with Chrome, Apple is reshaping browser choice, potentially reducing reliance on a dominant competitor and encouraging broader adoption of its privacy‑centric ecosystem.

appleinsider.com · Oct 12

New ‘Remnants’ immersive horror on Apple Vision Pro is terrifying

Apple will launch the immersive horror experience “Remnants” for its Vision Pro headset on October 16. The short film, written and directed by Ti West, places viewers inside a haunted castle environment that leverages the mixed‑reality capabilities of the device. Apple staged an exclusive preview inside the historic Woldmere Castle, inviting a small audience to walk through the narrative while the company recorded their real‑time reactions. The event demonstrated how spatial audio, eye‑tracking and hand‑gesture controls can heighten fear and presence. “Remnants” joins a growing library of original Vision Pro content aimed at showcasing the platform’s potential beyond productivity apps. The launch marks Apple’s continued push to position the headset as a destination for premium, experiential storytelling for early adopters.

💡 By pairing horror narrative with Vision Pro’s spatial tech, Apple proves the headset can deliver cinema‑grade immersion, nudging consumers toward a new entertainment use case.

ign.com · Oct 12

The Best Cases for Apple’s iPhone Duo Foldable Right Now

Apple’s upcoming iPhone Duo foldable, priced at $1,999, is set to launch soon, positioning itself just above Samsung’s Galaxy Z Fold 8 and near the Z Fold 8 Ultra’s $2,099 price point. The device’s passport‑style design introduces new protection challenges, prompting the author to evaluate case options from both Apple and third‑party makers. Apple’s first‑party case, a polycarbonate shell with MagSafe support, retails for $79 and guarantees a perfect fit. The Apple Duo Folio with Kickstand, a magnetic cover priced at $129, shields the outer display but leaves the sides exposed. Otterbox’s Defender Series Pro XT offers rugged protection for $90, while Mous’s Ultra Thin case matches Apple’s price with a slim aramid‑fiber build. Spigen’s clear Ultra Hybrid Pro (Mag Fit) provides a transparent alternative, featuring a magnetic ring for wireless charging.

💡 Early adopters will need reliable protection for a premium, untested form factor, and Apple’s own cases set the baseline for fit and functionality before third‑party solutions mature.