Shares of Apple (NASDAQ: AAPL) recently surged to an all-time high, driven by upbeat reports on product demand and favourable analyst commentary. The company’s market capitalisation is now close to USD 4 trillion, a milestone in itself.
Reports of robust early demand for the iPhone 17 have been the clear catalyst. Analysts point to impressive pre-order numbers in key markets like the U.S. and China, suggesting consumers are eager for the device’s advanced features, such as enhanced AI integration and improved camera systems.
Adding fuel to the fire, Loop Capital upgraded its rating on Apple to “buy” with a hefty $315 price target. The firm highlighted not only iPhone momentum but also Apple’s growing services revenue, like Apple Music and iCloud, which provide steady income streams beyond hardware sales.
Over the past week, AAPL has climbed from around $247 to over $262, outpacing broader market gains. As Apple’s fiscal Q4 earnings approach later this month, all eyes will be on how these trends translate to the bottom line.
Will iPhone 17 figures confirm the hype? Could surprises in services or even hints at future products like Apple Intelligence expansions push shares even higher? Stay updated with the latest news on this by downloading the Appleosophy App from the App Store or by visiting our website.
