大行評級|美銀:關稅對蘋果每股盈利造成約2至3%的負面影響 維持“買入”評級
美銀證券發表研究報告指,美國總統特朗普於上週簽署備忘錄,決定對每個外國貿易夥伴徵收互惠關稅(reciprocal tariffs)。該行指,關稅影響下,蘋果無論決定維持在美國的現有定價,或是提高定價,對集團盈利均有約2至3%的負面影響,但仍在可控範圍內。不過,由於公司擁有穩定的現金流、盈利彈性及潛在受惠於人工智能在邊緣裝置上的應用,維持其“買入”評級及目標價265美元。美銀續指,如果所有在美國銷售的產品都會被徵收10%的關稅,而蘋果在美國維持定價的情況下,將對其2026年每股盈利造成3.1%影響。如果蘋果在美國提價約3%,則對2026年盈利造成2.4%影響。該行認爲,蘋果需要提價約9%,才能抵銷關稅影響。
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