Stocks surge: Anticipation for iPhone 17 sparks fresh investment
In a promising turn of events for tech giant Apple, the company is experiencing a resurgence in China, where it had previously struggled with sales issues and growing local competition. This resurgence is largely due to the successful launch of the iPhone 17 series.
The new generation of iPhones is resonating with Chinese consumers, as evidenced by the higher initial pre-order numbers compared to the iPhone 16 series. The longer delivery times for the Pro models of the iPhone 17 series compared to last year indicate strong demand, particularly in China.
JPMorgan has reported that demand for all variants of the iPhone 17 series in the first week is slightly above that of the iPhone 16 series at the same time. Jefferies reports exceptionally strong pre-orders for the base iPhone 17 model in China. The delivery time for the more affordable iPhone Air model is currently 7 days, compared to 14 days for the same model at the launch of the iPhone 16 series.
The investment bank J.P. Morgan has identified a positive trend in iPhone 17 sales, noting early demand exceeds expectations and raising its sales forecast for fiscal year 2026 to 236 million iPhones, a 2% increase compared to the previous year.
Bank of America maintains its buy recommendation for Apple stock with a price target of $270, citing the positive trend in sales. The average price target of Apple stock is $245, implying further upside. The street high of $290 suggests over 20% potential for Apple stock.
Regarding retail pricing, the iPhone 17 starts at 949 euros, the iPhone 17 Pro at 1299 euros, and the Pro Max at 1449 euros; these prices reflect premium positioning but with expected price declines of about 20% after several months. The iPhone 17 Pro starts at $1,099, and the Pro Max variant at $1,199.
The analysis from September 18 offers advice for Apple shareholders on whether to invest in or sell their shares. The longer wait times for the high-end iPhone 17 Pro and Pro Max models indicate that Apple's pricing strategy continues to be accepted.
After a disappointing start to the year with a drop of over 15%, the positive reception and upside potential could be beneficial for the Apple stock. The combination of strong early indicators and sustained positive analyst sentiment could provide further tailwind for the Apple stock.
The latest Apple numbers are being analyzed in a free analysis from September 18, providing guidance for shareholders on whether to buy or sell Apple stock. The analysis from September 18 provides insight into whether it is worth buying or selling Apple stock. The analysis also highlights the upcoming foldable iPhone as a key factor influencing Apple's future sales and valuation.
In conclusion, the successful launch of the iPhone 17 series in China and the positive analyst sentiment towards the company could be a significant boost for Apple stock. The strong demand for the new iPhones, particularly in China, and the positive sales forecasts could indicate a promising future for the tech giant.
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