Apple's stock turns positive for year after iPhone 17 launch

Group 1 - Apple shares have rallied following the release of new iPhone models, erasing losses for 2025, with a 4% gain on Monday and a total increase of over 2% for the year [1] - The new iPhones, particularly the mid-range $999 iPhone Air, represent the first significant redesign in years, indicating strong demand as evidenced by early wait times [2] - Tracking of iPhone ship dates shows that the ship time for the iPhone 17 is 18 days, longer than the 10 days for the iPhone 16 last year, suggesting increased demand, especially in China [3] Group 2 - Apple is currently lagging behind other major tech companies in 2026 due to lower spending on AI chips and data centers, and has delayed improvements to its Siri assistant until 2025 [4] - New Apple products feature several AI capabilities, including the AirPods Pro 3 with automatic translation and new Apple Watch models that use machine learning to alert users about high blood pressure risks [5]