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Apple Stock Hits All-Time High on Bullish iPhone 17 Sales Data

Apple Stock Hits All-Time High on Bullish iPhone 17 Sales Data

Author:

Global Cryptocurrency

Published:

2025-10-21 02:51:01

17

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BTCCSquare news:

Apple Inc. (AAPL) surged nearly 4% to a record high Monday, outperforming the S&P 500's 1.1% gain, after Counterpoint Research reported strong early sales for its iPhone 17. The new model's sales exceeded its predecessor by 14% in the U.S. and China during the first 10 days of availability, with the base variant seeing 31% higher sales.

Loop Capital upgraded Apple to buy from hold, raising its price target to $315 from $226, citing accelerating demand for the latest iPhone iteration. The tech giant remains heavily reliant on hardware, generating $67 billion from devices in its last quarter, even as services revenue grows.

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