HSBC Sees Apple at $220 as Investors Eye Tomorrow’s iPhone 17 Reveal

Group 1 - Apple Inc. is gaining attention on Wall Street as an AI stock, with HSBC analyst Erwan Rambourg maintaining a Hold rating and a price target of $220.00 ahead of the product launch event [1] - Apple is set to launch its iPhone 17 lineup on September 9, which includes four models, one of which is a new slim version called "Air" that will replace the "Plus" model [2] - There is high pent-up demand for the iPhone 17, with a survey indicating that 70% of users are interested in upgrading to this model [3] Group 2 - Expectations for Apple's product pipeline are high for 2026-27, including a lower-priced iPhone model, a foldable phone, smart glasses, and a special 20th anniversary edition iPhone with curved glass [3] - The company is also anticipated to announce new products such as the Apple Watch (11, Ultra 3), new AirPods, and Airtag, along with possibly an upgraded Vision Pro [3]