AAPL Stock Slides Despite Record iPhone Sales, Bull Notes

Group 1 - Apple Inc's shares are down 1.4% to $254.71 despite reporting a fiscal first quarter with record iPhone sales contributing to top- and bottom-line growth [1] - CEO Tim Cook highlighted pressures in the memory chip market due to the expansion of AI data centers, which may lead to increased costs for consumer electronics [1] - Analysts have responded positively, with five firms raising their price targets, including Melius Research increasing its target to $350 from $345, and 24 out of 42 firms maintaining a "buy" or better rating [2] Group 2 - Apple is on track to end an eight-week losing streak, showing its best weekly performance since October, despite shares cooling from a record high of $288.62 [3] - The stock is currently facing resistance at the 20-day moving average but has a 24.4% lead over the past nine months [3] - Options activity indicates bullish sentiment, with 198,000 calls and 116,000 puts traded, significantly higher than typical volume, and the most active contract being the weekly 1/30 260-strike call [4]