Apple Shares Hit Record High As iPhone17 Demand Surges Across Global Markets

Benzinga

Apple stock hit a record $262.24 after iPhone 17 sales jumped 14% over the previous model in its first 10 days. Analysts upgraded Apple to “buy,” citing strong demand, sellouts in China, and major upside potential through 2027.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Apple shares climbed nearly 4% money to a record close of $262.24

00:07after new data showed iPhone 17 sales surging in the U.S. and China, according to CNBC.

00:13CounterPoint Research reported the iPhone 17 lineup outsold the iPhone 16 series

00:17by 14% in its first 10 days of release, setting improved value features and strong channel discounts.

00:23Luke Capital upgraded Apple from hold to buy,

00:25raising its price target from $226 to $315,

00:30noting continued upside potential through 2027.

00:33Evercore also reiterated its buy rating,

00:35projecting Apple will beat earnings expectations next week

00:38as the new iPhone Air sold out within minutes in China.

00:41Stock is up 24% over the past three months.

00:43For all things money, visit Benzinga.com.

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