Apple ( (AAPL) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Apple is drawing fresh investor attention as CEO Tim Cook tours China to mark the company’s 50th anniversary, just as iPhone 17 sales surge in the key Asian market. Counterpoint Research reports iPhone volumes in China jumped 23% in the first nine weeks of the year, beating a 4% decline in the broader smartphone market and signaling a strong rebound after years of flat growth.
To cement its position, Apple has trimmed its mainland China App Store commission from 30% to 25%, and cut fees for smaller developers to 12%, even as it holds the line on iPhone prices and absorbs margin pressure. Production data also looks bullish: Apple built about 52 million iPhones this quarter, implying shipments well above market expectations and reinforcing Wall Street’s Moderate Buy view on AAPL, with an average price target near $305, or more than 22% upside.
While App Store revenue growth has cooled slightly to about 7% quarter-to-date, with weakness in the U.S. and Japan partly offset by gains in China, analysts see the slowdown as more about tough comparisons than a demand problem. For stock investors, the combination of renewed Chinese momentum, disciplined pricing, and stronger-than-expected iPhone output underpins the case that Apple remains a core long-term holding despite short-term service revenue noise.