Apple Stock Rallies Ahead of iPhone 17 Launch, Outperforming Tech Peers
Apple shares have surged 9.7% over the past month, eclipsing competitors as anticipation builds for its September product launches. The stock recently cleared key technical resistance levels, suggesting bullish momentum ahead of its traditionally strong fourth quarter.
Analysts project the iPhone 17 debut could introduce a groundbreaking 'Air' variant alongside iterative upgrades to processors and cameras. This product cycle arrives as Apple stock emerges from a 33-week consolidation pattern, with technical indicators pointing to potential breakout above the $260.10 buy point.