Loop Capital Raises Apple Q3 Revenue Forecast to $49.3B, iPhone Unit Sales to 53.5M, Maintains Microsoft Price Target at $500

Loop Capital has issued optimistic forecasts for both Apple Inc. (AAPL) and Microsoft Corp. (MSFT). For Apple, the firm has raised its Q3 iPhone revenue forecast to $49.3 billion, up from $48.6 billion, and increased its unit sales estimate to 53.5 million, compared to the previous estimate of 52.5 million. Loop Capital maintains a 'Buy' rating on Apple with a price target of $300. In a separate analysis, Loop Capital also expressed confidence in Microsoft's upcoming earnings report, projecting 'solid' results for the first fiscal quarter ending in September. The firm anticipates modest acceleration in key growth drivers, which they believe will continue into the year-end. Loop Capital has set a price target of $500 for Microsoft, also maintaining a 'Buy' rating.