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Apple Stock Eyes $300 as iPhone Sales and Gemini Deal Fuel Optimism

Apple Stock Eyes $300 as iPhone Sales and Gemini Deal Fuel Optimism

Author:

Global Cryptocurrency

Published:

2026-02-02 20:18:02

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BTCCSquare news:

Apple shares (AAPL) surged toward $300 after Q1 2026 earnings smashed expectations, powered by record iPhone revenue of $85.3 billion—$7 billion above forecasts. The stock dipped briefly on CEO Tim Cook's warning about memory chip shortages squeezing margins, but rebounded 3% as Wall Street digested the long-term potential of Apple's AI partnership with Google's Gemini and expanding services revenue.

Analysts at Wedbush and Tigress Financial project $350 and $305 price targets respectively, citing Apple's capital-light AI integration strategy and 15% growth in Greater China sales. At $256 currently, AAPL must clear $270 resistance to reach all-time highs.

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