Apple’s stock price has recently achieved a record peak, now hovering around $263 per share. This increase can be linked to various factors, most notably the impressive sales of the iPhone 17.
As Apple gets ready to announce its upcoming quarterly earnings, which will offer the first official glimpses into iPhone 17 sales, external reports are already suggesting that the newest iPhone series is performing remarkably well. In particular, a report from Counterpoint Research points to solid sales numbers, and the recent debut of the iPhone Air in China has reportedly sold out almost immediately, further emphasizing the demand for Apple’s offerings.
This encouraging trend has swayed financial analysts, prompting Loop Capital to elevate its rating for Apple stock from ‘Hold’ to ‘Buy.’ Analyst Ananda Baruah mentioned that while the market has likely included some level of overperformance from the iPhone 17 series, there still exists substantial upside potential through the conclusion of 2027.
At present, Apple’s stock is oscillating around $263, exceeding its previous closing peak of $258.10 from last December. The overall stock market is also witnessing a strong performance, with hopes that a potential US government shutdown may soon be resolved, boosting the positive outlook.
Despite ongoing worries about Apple’s capacity to improve its Siri assistant, investor faith remains strong, primarily fueled by robust iPhone sales. As the market continues to respond to these changes, many are left questioning whether Apple’s stock success will endure in the upcoming months.
