The stock is also testing its 50-day moving average after retreating from July highs. That level could determine whether the recent pullback remains part of a longer-term uptrend or develops into a deeper correction.Apple reported fiscal third-quarter revenue of $109.42 billion and earnings of $2.02 per share, topping Wall Street estimates of $108.65 billion and $1.89, respectively. The company also said its active installed base reached a record high and called it its strongest June quarter ever.The stock has rallied sharply in recent months. Analysts said investors are now focusing on margins, valuation, iPhone demand and services growth after the earnings beat.Analyst Flags Siri AI, China And Memory Costs As Key Watch PointsEvercore ISI analyst Amit Daryanani said Apple’s fiscal third-quarter results were modestly better than expected, with stronger-than-anticipated iPhone revenue and a slight gross margin beat offset by softer services growth. He said investors will now shift their focus to whether Apple’s AI strategy, particularly the rollout of Siri AI, can sustain more than 20% iPhone revenue growth and support further upside for the stock.On margins, Daryanani said rising memory costs remain an important risk. He said greater certainty around memory pricing through long-term supply agreements would improve investor confidence and help reduce concerns about future gross margin pressure.Snipe noted that Apple shares had gained about 22% year to date and 15% over the past month while trading at roughly 36 times forward earnings. He said investors would closely watch whether consumers continued to absorb higher prices as Apple appeared likely to pass on some of its higher costs.Apple’s Stability Is Attracting InvestorsMoffettNathanson co-founder and senior analyst Craig Moffett told CNBC that Apple’s recent rally reflects shifting investor sentiment rather than a dramatic change in the company’s fundamentals. He also described Apple as a “low-risk stock at a time of high volatility,” saying investors increasingly see it as a safe place to park capital amid uncertainty surrounding AI-related spending. The stock carries a consensus Buy rating with an average analyst price forecast of $327.81. Recent analyst actions include: