Apple ( (AAPL) ) has been popular among investors this week. Here is a recap of the key news on this stock.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Apple is experiencing a surge in iPhone production, with Morgan Stanley increasing its forecast for the September quarter by 8%, predicting 54 million units instead of the previously anticipated 50 million. This uptick is attributed to stronger-than-expected sales in the June quarter, leading to lower inventory levels and the need for restocking. The increased production is primarily focused on the upcoming iPhone 16 and iPhone 16 Pro Max models. Analysts remain optimistic about Apple’s prospects, citing consistent positive trends such as longer iPhone upgrade cycles and strong demand. Furthermore, Apple’s decision not to raise prices for its Services segment in two years is seen as a potential growth strategy.
In addition to hardware developments, Apple is also making strides in its software offerings. The company is set to unveil new updates for its Apple Watch, AirPods, and the iPhone 17 lineup at an upcoming event. Notably, the iPhone 17 is expected to feature larger screens and improved cameras, with the introduction of an ultra-thin iPhone Air model. Meanwhile, Apple Arcade is expanding its gaming library with new titles, including NFL Retro Bowl ’26 and Jeopardy! Daily. Despite these advancements, famed investor Warren Buffett has reduced his stake in Apple, citing slowed growth and stalling iPhone sales. Nevertheless, Wall Street analysts maintain a Moderate Buy consensus on Apple stock, with a price target implying a modest upside potential.