# BofA Cuts Apple’s Fiscal 2027 iPhone Forecast by 9 Million Units By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/45844 Published: 2026-11-01T12:10:54.000Z Updated: 2026-11-01T12:10:54.000Z Section: Investing > The forecast attributed to analyst Wamsi Mohan puts shipments at 247 million while keeping a Buy rating and $370 price target for Apple shares. Bank of America Securities analyst Wamsi Mohan lowered his fiscal 2027 iPhone shipment forecast by 9 million units to 247 million, while keeping a Buy rating and a $370 price target on Apple shares. Apple’s fiscal 2027 runs from Sept. 27, 2026, through Sept. 25, 2027. The forecast cut concerns expected iPhone shipments during that fiscal year; the rating and price target for Apple shares remain unchanged. The $370 target applies to Apple common shares. Binance’s AAPLUSDT equity perpetual tracks Apple common stock and settles in Tether (USDT), but it is a separate derivative. Trading the contract does not convey ownership of Apple shares. TokenPost previously covered an [AAPLUSDT price snapshot](). ## Links in this article - [AAPLUSDT price snapshot](https://www.tokenpost.com/news/investing/45478)