Apple Stock Reaches Near Record High on Strong iPhone Demand

Shares of Apple, currently the most valuable company in the world, closed just shy of their all-time high on Monday. Apple's stock price rose 2.3% to $233 on the last day of the quarter, less than 1% below its record close on July 16. The stock has risen during four of the last five trading days and is up 21% year to date. The gains were attributed to stabilizing lead times for some models of the iPhone 16, indicating stronger demand. Analysts are generally bullish on the stock, with longer lead times seen

Latest News

10-01

Apple Stock Is Back Near Record High. New Phone Demand May Be a Factor

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Margaritas

10-01

A few funds issues "buy" recom to clients and apple pay is doing deals with lots of new vendors - I'm guessing that's why it's up

Apple Stock Is Back Near Record High. New Phone Demand May Be a Factor

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New Phone Demand May Be a Factor","url":"https://stock-news.laohu8.com/highlight/detail?id=2472581365","media":"Dow Jones","summary":"Shares of Apple, currently the most valuable company in the world, closed just shy of their all-time high on Monday.Apple's stock price rose 2.3% to $233 on the last day of the quarter. That is less than 1% below its record close on July 16 of $234.82. The stock has risen during four of the last five trading days and is up 21% year to date, about the same as the Nasdaq Composite and slightly ahead of the S&P 500's 20% rise.It wasn't immediately clear what caused the gains, but a Morgan Stanley report on Monday pointed to stabilizing lead times for  some models of the  iPhone 16, which was announced Sept. 9.\"While this doesn't change our view on this cycle, we view the elongation of iPhone 16 Pro/Pro Max lead times as a positive leaning development worth watching,\" the report noted. The analysts rate Apple as Overweight and a top pick.","content":"<html><head></head><body><p>Shares of <a href=\"https://laohu8.com/S/AAPL\">Apple</a>, currently the most valuable company in the world, closed just shy of their all-time high on Monday.</p><p>Apple&#39;s stock price rose 2.3% to $233 on the last day of the quarter. That is less than 1% below its record close on July 16 of $234.82. The stock has risen during four of the last five trading days and is up 21% year to date, about the same as the Nasdaq Composite and slightly ahead of the S&amp;P 500&#39;s 20% rise.</p><p>It wasn&#39;t immediately clear what caused the gains, but a Morgan Stanley report on Monday pointed to stabilizing lead times for some models of the iPhone 16, which was announced Sept. 9.</p><p>&#34;While this doesn&#39;t change our view on this cycle, we view the elongation of iPhone 16 Pro/Pro Max lead times as a positive leaning development worth watching,&#34; the report noted. The analysts rate Apple as Overweight and a top pick.</p><p>A separate report from J.P. Morgan analysts also noted stabilizing lead times for the higher-end Pro models, &#34;highlighting the likelihood that the initial slower momentum in demand for the Pro models is correcting itself with the release of Apple Intelligence drawing closer.&#34;</p><p>Apple Intelligence is Apple&#39;s play on the words &#34;artificial intelligence&#34; (get it?) and will start rolling out in October with iOS 18.1, according to Apple. The generative AI software will summarize emails and create original images and customized movies, among other features.</p><p>Analysts have been fretting over demand for the new phones, which feature a new camera button on the side and better battery life, since they started shipping earlier this month. Longer lead times, while an imperfect measure, are generally seen as signs of stronger demand.</p><p>The Morgan Stanley analysts noted the slightly longer lead time by two to three days during the past week &#34;more closely resembles the trajectory of the better-performing iPhone 12 and 13 Pro/Pro Max models, rather than the iPhone 14 and 15 Pro/Pro Max models, which saw contracting lead times at this point in the cycle.&#34;</p><p>Analysts are generally bullish on the stock, with 32 of the 48 whose ratings are tracked by FactSet giving it either a Buy or Overweight rating as of Sept. 24.</p><p>Apple is currently worth $3.5 trillion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock Is Back Near Record High. 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New Phone Demand May Be a Factor\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-01 07:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of <a href=\"https://laohu8.com/S/AAPL\">Apple</a>, currently the most valuable company in the world, closed just shy of their all-time high on Monday.</p><p>Apple&#39;s stock price rose 2.3% to $233 on the last day of the quarter. That is less than 1% below its record close on July 16 of $234.82. The stock has risen during four of the last five trading days and is up 21% year to date, about the same as the Nasdaq Composite and slightly ahead of the S&amp;P 500&#39;s 20% rise.</p><p>It wasn&#39;t immediately clear what caused the gains, but a Morgan Stanley report on Monday pointed to stabilizing lead times for some models of the iPhone 16, which was announced Sept. 9.</p><p>&#34;While this doesn&#39;t change our view on this cycle, we view the elongation of iPhone 16 Pro/Pro Max lead times as a positive leaning development worth watching,&#34; the report noted. The analysts rate Apple as Overweight and a top pick.</p><p>A separate report from J.P. Morgan analysts also noted stabilizing lead times for the higher-end Pro models, &#34;highlighting the likelihood that the initial slower momentum in demand for the Pro models is correcting itself with the release of Apple Intelligence drawing closer.&#34;</p><p>Apple Intelligence is Apple&#39;s play on the words &#34;artificial intelligence&#34; (get it?) and will start rolling out in October with iOS 18.1, according to Apple. The generative AI software will summarize emails and create original images and customized movies, among other features.</p><p>Analysts have been fretting over demand for the new phones, which feature a new camera button on the side and better battery life, since they started shipping earlier this month. Longer lead times, while an imperfect measure, are generally seen as signs of stronger demand.</p><p>The Morgan Stanley analysts noted the slightly longer lead time by two to three days during the past week &#34;more closely resembles the trajectory of the better-performing iPhone 12 and 13 Pro/Pro Max models, rather than the iPhone 14 and 15 Pro/Pro Max models, which saw contracting lead times at this point in the cycle.&#34;</p><p>Analysts are generally bullish on the stock, with 32 of the 48 whose ratings are tracked by FactSet giving it either a Buy or Overweight rating as of Sept. 24.</p><p>Apple is currently worth $3.5 trillion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","BK4507":"流媒体概念","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","BK4585":"ETF&股票定投概念","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","BK4527":"明星科技股","BK4501":"段永平概念","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4588":"碎股","BK4592":"伊斯兰概念","BK4581":"高盛持仓","BK4573":"虚拟现实","LU0971096721.USD":"富达环球金融服务 A","BK4574":"无人驾驶","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4505":"高瓴资本持仓","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4579":"人工智能","BK4504":"桥水持仓","IE000ITXATA3.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) ACC","IE0009G5SDU7.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4170":"电脑硬件、储存设备及电脑周边","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","BK4575":"芯片概念","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","BK4576":"AR","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","AAPL":"苹果","BK4571":"数字音乐概念","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2472581365","content_text":"Shares of Apple, currently the most valuable company in the world, closed just shy of their all-time high on Monday.Apple's stock price rose 2.3% to $233 on the last day of the quarter. That is less than 1% below its record close on July 16 of $234.82. The stock has risen during four of the last five trading days and is up 21% year to date, about the same as the Nasdaq Composite and slightly ahead of the S&P 500's 20% rise.It wasn't immediately clear what caused the gains, but a Morgan Stanley report on Monday pointed to stabilizing lead times for some models of the iPhone 16, which was announced Sept. 9.\"While this doesn't change our view on this cycle, we view the elongation of iPhone 16 Pro/Pro Max lead times as a positive leaning development worth watching,\" the report noted. The analysts rate Apple as Overweight and a top pick.A separate report from J.P. Morgan analysts also noted stabilizing lead times for the higher-end Pro models, \"highlighting the likelihood that the initial slower momentum in demand for the Pro models is correcting itself with the release of Apple Intelligence drawing closer.\"Apple Intelligence is Apple's play on the words \"artificial intelligence\" (get it?) and will start rolling out in October with iOS 18.1, according to Apple. The generative AI software will summarize emails and create original images and customized movies, among other features.Analysts have been fretting over demand for the new phones, which feature a new camera button on the side and better battery life, since they started shipping earlier this month. Longer lead times, while an imperfect measure, are generally seen as signs of stronger demand.The Morgan Stanley analysts noted the slightly longer lead time by two to three days during the past week \"more closely resembles the trajectory of the better-performing iPhone 12 and 13 Pro/Pro Max models, rather than the iPhone 14 and 15 Pro/Pro Max models, which saw contracting lead times at this point in the cycle.\"Analysts are generally bullish on the stock, with 32 of the 48 whose ratings are tracked by FactSet giving it either a Buy or Overweight rating as of Sept. 24.Apple is currently worth $3.5 trillion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}]}