Apple Shares Surge on Strong iPhone 17 Early Sales and Positive Market Developments

After a prolonged period of stagnation, Apple’s stock has demonstrated a significant upward trajectory, fueled by encouraging initial sales data for the new iPhone 17. This positive momentum has reignited growth prospects for the technology behemoth, prompting market observers to question whether this marks the beginning of a sustained rally or is merely a temporary spike.

The bullish trend gained substantial momentum on Tuesday following a series of optimistic assessments from financial analysts. According to reports from investment bank Wedbush Securities, sales of the iPhone 17 are outperforming its predecessor by 10 to 15 percent during the same post-launch period. Significant demand for the premium Pro Max models is evidenced by considerably extended delivery times. Wedbush analyst Dan Ives highlighted... Read more...