Apple Stock Rises to Fresh Record as Company Announces New iPad Mini

Key Takeaways - Apple shares reached a new record high of $237 49 during Tuesday trading, driven by the announcement of the new iPad Mini [1] - The new iPad Mini, launching on October 23, starts at $499 and features the A17 Pro chip, enabling compatibility with Apple's upcoming AI features and the new Apple Pencil Pro [1][2] - Apple shares closed up 1% at $233 85 on Tuesday, with a year-to-date gain of approximately 21% [3] Product Details - The new iPad Mini is powered by the A17 Pro chip, previously used in high-end iPhone 15 models, and will support Apple's AI features rolling out this month [1][2] - The device is available in multiple colors and storage capacities, with preorders starting on the announcement day [1] - The iPad Mini is designed to appeal to a wide range of users, offering intelligent, powerful, and private features [3] Market Reaction and Analyst Concerns - Apple shares briefly hit an intraday record high of $237 49, surpassing the previous peak of $237 23 set in July [3] - Some analysts expressed concerns that the delayed rollout of AI features, coming a month after the iPhone 16 launch, might dampen customer excitement and slow sales until the features are available [3]