CNBC's “Closing Bell Overtime” team discusses Apple's stock price after it closed at a record high following news of strong iPhone 17 sales in the U.S. and China with Scott Wren, senior global market strategist at Wells Fargo Investment Institute.
Apple (AAPL) stock rose +3.94% today to $262 per share -- its highest close ever, and the first such all-time closing high since late 2024.
A tech industry titan got a boost on Monday as the latest edition of its flagship product showed promising sales momentum. Meanwhile, a software giant's stock continued a slide that began last week amid questions about the company's ability to reach lofty growth targets.
Apple shares climbed to an all-time high Monday following a report suggesting strong demand for the company's new iPhone 17 series in the U.S. and China, which account for the bulk of the company's phone sales.
The Investment Committee debate how to trade Apple as it touches record highs.
The new lineup – which dropped in September – beat the iPhone 16 line by 14% over their first 10 days on sale in two of the company's largest markets, according to data from Counterpoint Research.
Apple stock just soared to an all-time high, and it might be thanks to the new iPhone 17.
Apple shares climbed to an all-time high Monday following a report suggesting strong demand for the company's new iPhone 17 series in the U.S. and China, which account for the bulk of the company's phone sales.
Apple shares climbed Monday following a report suggesting strong demand for the company's new iPhone 17 series in the U.S. and China, which account for the bulk of the company's phone sales.
Apple shares rallied after the iPhone 17 series outsold the iPhone 16 series in China and the U.S. within the first 10 days of availability, according to Counterpoint research. Loop Capital upgraded Apple from hold to buy on Monday due to better-than-expected demand for the latest iPhone model.
Apple Inc (NASDAQ:AAPL, ETR:APC) shares opened near their record high on Monday as its stock has been boosted by broker optimism, robust iPhone sales, and its Formula 1 deal. Brokers including Loop Capital, Evercore ISI, and Seaport Research Partners have recently expressed positivity about Apple's growth prospects, driven by better-than-expected iPhone 17 sales and the expanding services division.
The iPhone maker's shares tend to rise in the last 3 months of the year, says Evercore