Investment firm Evercore is predicting better than expected results from Apple's forthcoming earnings call, chiefly on continued iPhone demand and Apple's ability to withstand component price rises.

Back on January 9, 2026, Evercore raised its Apple price target to $330, almost entirely on the iPhone 17 range's success. It was the fourth time the company had raised the target since September 2025, and it continues to be positive about Apple.

In a note to investors seen by AppleInsider, Evercore has outlined what it sees as the most likely results to come from the next earnings call. Central to it is that the company believes that not only has iPhone 17 demand continued, but that it has leant heavily toward the higher-end and more profitable models.

Evercore also, though, predicts that Apple is going to do better than other analysts have said, because of RAM issues. The cost of RAM has been going up, but Apple has long-term deals with suppliers that will have protected it.

The investment firm stresses, though, that this is now only a short-term benefit. While Evercore doesn't specifically mention this, that will be because Apple's long-term deals are due to end in 2026 and will have to be renegotiated.

Double-digit rises

Evercore estimates that both iPhone sales and Services revenues will be up by double-digit percentages. For the iPhone, it says there will have been a 17% rise year over year.

The company also notes that an increase in iPhone sales tends to mean an concomitant rise in AppleCare and even in the Apple One subscription bundle of services.

Consequently, it is estimating a 13% rise in Services revenues. It does note, though, that App Store earnings may be down because of weaker game sales in Asia.

When Apple announces its next earnings on January 29, 2026, it is expected to report its largest ever quarterly revenues. That's because the quarter includes the holiday season, usually Apple's most successful period of the year.

This time, though, that expectation is also boosted by how its previous quarter performed. For the September 2025 quarter, Apple reported breaking multiple revenue records.