Reported about 13 hours ago
Apple's stock hit a record intraday high of $237.49 on Tuesday, fueled by bullish forecasts from Wall Street analysts and positive preliminary iPhone shipment data from IDC showing a 3.5% year-over-year increase. Despite concerns over weaker demand for the iPhone 16, analysts reaffirmed Buy ratings, with Morgan Stanley noting better supply-chain preparation this cycle. Overall, Apple shares closed up 1.1% at $233.85, as the company prepares for the rollout of its AI features, Apple Intelligence, starting October 28.
Source: YAHOO