Apple Smart Home Event Looms as Analysts Weigh Stock Outlook

Apple confirmed it will hold a smart home product event this Tuesday, October 13, expected to unveil the Apple Doorbell and Apple Thermostat. Later this month, the company also plans to launch a MacBook with a touchscreen display and a new iPad mini. The market expects Apple to report revenue growth of 15% year-over-year for fiscal 2026 when it releases its earnings in a few weeks, though that may be near the peak of current growth trends: fiscal 2027 revenue is projected to slow to 10%, dropping further to 7.8% in fiscal 2028. Whether Apple's new products can alter the company's profit outlook remains to be seen. Wall Street analysts are not rushing to raise expectations; over the past three months, analyst forecasts for fiscal 2027 net profits have been revised down by 0.6%, while revenue expectations have only increased by 0.7%.