Apple's stock has lagged this year, with a 0.64% year to date compared to a 4.67% gain for the S&P 500 index. Goldman Sachs is reassessing Apple stock ahead of its April 30 earnings report, focusing on iPhone demand, outlooks, and the future of its AI strategy under its new CEO. The bank highlighted concerns about rising memory costs and potential hit to smartphone margins as a key factor. It reiterated a $330 price target with a buy rating on the shares, arguing that recent concerns about margins and demand may be overstated. The company continues to post strong growth in its business, with its iPhone sales accounting for nearly 60% of Apple’s total revenue. Goldman expects services revenue to grow about 14% year over year, supported by subscriptions such as iCloud+ and AppleCare+.