Apple at All-Time High on iPhone 17 Boom: ETFs to Consider

Core Insights - Apple shares have increased approximately 6.10% over the past week, reaching an all-time high, driven by strong iPhone 17 sales in the U.S. and China [1] - iPhone sales rose 14% year over year in the first 10 days post-launch, with the standard iPhone 17 model sales surging by nearly one-third [2] - Analysts expect Apple to report robust earnings, supported by double-digit growth in services and a multi-year phone cycle [4] Sales Performance - The iPhone 17 features a faster chip, enhanced display, increased base storage, and an upgraded selfie camera, making it an attractive option at a comparable price to the iPhone 16 [3] - Overall iPhone sales have shown significant growth, indicating strong consumer demand for the latest models [2] Analyst Ratings - Loop Capital upgraded Apple from Hold to Buy, citing strong demand for the iPhone 17 [4] - The average brokerage recommendation for Apple is 2.04, indicating a generally positive outlook, with 50% of recommendations classified as Strong Buy [5][6] Price Targets - The average price target for Apple stock is $250.03, with estimates ranging from $180.00 to $310.00 [7] - Current stock price is $262.24, reflecting a favorable position relative to analyst expectations [7] ETF Exposure - Several ETFs have significant exposure to Apple, including iShares U.S. Technology ETF (14.47%), iShares Top 20 U.S. Stocks ETF (13.77%), and Fidelity MSCI Information Technology Index ETF (13.42%) [8]