BUZZ PREVIEW-Apple up as investors focus on likely launch of new iPhones at 'Glowtime' event

Reuters09-09

** Shares of Apple up 0.8% at $222.49 premarket

** Apple is set to host "It's Glowtime" event at its headquarters at 10 a.m. PDT (1700 GMT) on Monday, where it will likely unveil a series of new iPhones and updates to other devices and apps

** IPhone 16 is first Apple smartphone designed around AI features

** IPhone 16 series to help increase base of Apple Intelligence-ready iPhones to over 125 mln by the end of 2024 - Counterpoint Research

** "We expect the key China region to see improving and accelerating growth in this region once again starting with iPhone 16 heading into FY25," Brokerage Wedbush says

** A new version of the Apple Watch is expected to be thinner and to include incremental improvements, such as new processors and battery life improvements, brokerage Bernstein said last week

** Average rating of 48 analysts covering the stock is "buy", their median PT is $243 - LSEG data

** Up to last close, stock up ~15% this year

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com; ))

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