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Rothschild & Co Redburn has upgraded Apple (AAPL) to Buy from Neutral and raised its price target to $400 from $260, citing stronger-than-expected iPhone growth driven by the company’s planned entry into the premium foldable smartphone market.

Analyst Timm Schulze-Melander and the firm project iPhone sales growing at a 12% compound annual rate through fiscal 2030 — up to 14% above consensus expectations. The key catalyst is the anticipated launch of the iPhone Ultra, Apple’s first foldable device, expected to expand the premium segment and lift average selling prices.

Rothschild forecasts the foldable model will contribute meaningfully to unit growth with limited cannibalization of traditional iPhone sales. The firm’s iPhone earnings estimates run ahead of consensus, and a “strategic reset” in Apple Intelligence further supports its outlook, leaving overall fiscal 2030 estimates roughly 18% above the Street. Rothschild expressed confidence that Apple’s relative valuation multiple remains well supported.

Beyond hardware, the firm sees opportunity for Apple to position itself as a gatekeeper of consumer AI. By potentially leveraging a fleet of open-source models and monetizing through Apple Pay and other payment platforms, Apple could strengthen its high-margin Services business while reducing reliance on third-party closed models.

The upgrade comes as Apple trades near recent levels around $305, implying significant upside to the new $400 target. While risks such as production challenges for the foldable device remain, Rothschild views the combination of product innovation and AI optionality as underappreciated by the market.

From Schulze-Melander’ lips to Mr. Market’s ears!

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Source link: https://macdailynews.com/2026/08/17/rothschild-co-redburn-upgrades-apple-to-buy-raises-price-target-to-400/

Apple has released macOS Tahoe 26.6.1, a rapid security update that addresses a serious vulnerability in the built-in Screen Sharing feature. The update, which arrived on Thursday without any new features, is strongly recommended for all Mac users running the latest version of the operating system.

Screen Sharing allows users to view and control another Mac remotely over a local network or the internet. It is widely used for remote support, file access, troubleshooting, and managing multiple Macs in homes, schools, or businesses. Once connected, a remote user can see the desktop, open apps, transfer files, and control the keyboard and mouse as if sitting at the machine.

The vulnerability could allow an attacker on the same network to authenticate to Screen Sharing without valid credentials. Apple fixed the issue through improved state management. The company has not indicated whether the flaw was being actively exploited in the wild.The same Screen Sharing bug affects earlier macOS versions, so Apple also issued companion security updates: macOS Sequoia 15.7.9 and macOS Sonoma 14.8.9.

Mac users can install the update by going to System Settings > General > Software Update. No corresponding updates for iOS, iPadOS, or watchOS were released alongside this Mac-only security patch.
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Given the potential for unauthorized remote access, installing macOS Tahoe 26.6.1 (or the relevant update for older systems) promptly is advised.

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Source link: https://macdailynews.com/2026/08/07/apple-releases-macos-tahoe-26-6-1-to-patch-critical-screen-sharing-security-flaw/