Overview
- Apple rose 3.9% to close at 262.24 and set an intraday all-time high of 264.38, breaking out of a 42-week consolidation with a 260.10 buy point, according to IBD.
- Loop Capital upgraded Apple to Buy with a $315 price target, Evercore ISI added the stock to its tactical outperform list, and Melius Research raised its target to $290.
- Counterpoint Research reported the iPhone 17 series sold 14% more than iPhone 16 in the first 10 days in the U.S. and China, with base-model sell-out up nearly 33%.
- Loop Capital projected three consecutive record iPhone shipment years through 2027, forecasting about 238 million units in 2025, 250 million in 2026, and 260 million-plus in 2027.
- Jefferies maintained an underperform view, citing cooling global lead times, leaving investors focused on Apple’s September‑quarter results and guidance on Oct. 30.