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Core Insights - Apple has been added to Core ISI's tactical outperform list due to strong demand for the iPhone 17, which has reached an all-time high, positively impacting the Dow [1] - The iPhone 17 is performing well globally, with base models favored in China and Pro Max models in the US, driven by a significant number of older iPhones needing upgrades [2] - Attractive promotions in the US are contributing to better iPhone momentum, alongside the resolution of previous concerns regarding Apple's services business [3] iPhone Performance - The iPhone 17's success is attributed to a combination of factors, including the aging of older iPhones and innovations in the new models [2] - The analyst anticipates high single-digit growth for iPhones, contributing to overall positive momentum for Apple [5] Services Growth - There is a clearer outlook for double-digit growth in Apple's services segment, with expectations of low teens growth driven by the resolution of legal concerns [4][5] - The combination of iPhone sales and services growth is expected to provide significant upside momentum for Apple through 2026 [5] AI and Future Prospects - Apple is gradually addressing its AI strategy, with the potential for significant advancements in voice AI by 2026 [6][7] - The company is not facing existential threats from AI, allowing it to take a measured approach to its investments in this area [6] Leadership and Succession - Discussions regarding Tim Cook's leadership and potential succession are ongoing, but there is no immediate urgency for a transition [8] - Recent executive transitions suggest that Cook is likely to remain in his position for several more years [8]

Core Insights - Apple shares reached an all-time high, indicating strong investor confidence and market performance [1] - The company is on the verge of becoming the third entity to achieve a $4 trillion market valuation, highlighting its significant market presence [1] - Recent data indicates robust momentum for the latest iPhone model, contributing to the surge in share prices [1] Company Performance - Apple shares surged to an all-time high on Monday [1] - The company is close to a $4 trillion market valuation [1] - Strong momentum for the latest iPhone has been reported [1]

(Reuters) -Apple shares surged to an all-time high on Monday, with the iPhone maker close to becoming the third company to hit a $4 trillion market valuation as data showed strong momentum for the latest iPhone. Data from research firm Counterpoint showed the iPhone 17 series outperformed its predecessor in early sales in China and the United States, with the newer models out-selling the iPhone 16 series by 14% during their first 10 days of availability in the two countries. Apple shares jumped 4.2% to $ ...

Apple shares climbed to an all-time high Monday following a report suggesting strong demand for the company's new iPhone 17. Cheng Xin / Getty Images Gold prices climbed while oil futures dropped. The yield on the 10-year Treasury note was little changed. The U.S. dollar gained on the pound, but lost ground to the euro and yen. Most major cryptocurrencies traded in positive territory. Cleveland-Cliffs (CLF) shares took off after the steelmaker reported a narrower-than-expected loss, lowered its estimate fo ...

Apple Inc. climbed to the position of the world's second-most valuable publicly traded company on Monday, surpassing Microsoft after shares rose 4%. The company now boasts a market capitalization of $... ...

Workers at Italian units of French luxury group Kering will stage a four-hour strike on Tuesday, unions said, citing what they said was the company's unwillingness to engage in dialogue over issues su... ...

Core Viewpoint - Loop Capital upgraded Apple shares from hold to buy with a price target of $315, supported by supply chain checks indicating iPhone shipments will expand through 2027, potentially leading to three consecutive record years for iPhone shipments [1] iPhone Sales Data - Counterpoint Research reported that iPhone 17 sales in the first 10 days outperformed the iPhone 16 series by 14% in both China and the US [4] - The base model iPhone 17 has seen nearly a one-third increase in sellout compared to the iPhone 16, with Chinese consumers doubling their unit sales for the base model [5] Product Features and Pricing - The iPhone 17 offers better specifications, including an improved chip, display, higher base storage, and upgraded selfie camera, all at the same price as the iPhone 16 [5] - Discounts from major carriers in the US, such as Verizon, T-Mobile, and AT&T, have made the iPhone 17 Pro Max more attractive, with a 10% subsidy effectively reducing the price significantly [6] Market Reactions and Future Outlook - Anticipation of strong sales in China is building as pre-orders for the iPhone 17 begin, with expectations of positive outcomes despite initial delays [8] - Investors are optimistic about Apple's potential to break through all-time highs, especially with upcoming earnings reports [10][12]

Core Insights - Apple shares increased following reports of strong demand for the iPhone 17 series in the U.S. and China, which are key markets for the company [1][2] Sales Performance - The iPhone 17 has outperformed the iPhone 16, with sales exceeding the previous model by 14% during the first 10 days of availability in the U.S. and China [2][8] - The base model of the iPhone 17 was particularly successful in China, with sales nearly double that of the iPhone 16 over a comparable period [4][8] Consumer Behavior - Strong early sales of the iPhone 17 indicate resilient brand loyalty and consumer spending power despite economic uncertainties [3] - In the U.S., the iPhone 17 Pro Max saw significant demand as consumers who purchased Apple phones during the COVID-19 pandemic sought upgrades, aided by higher subsidies from large carriers [5][8] Product Features - The iPhone 17 base model is noted for its "great value," featuring a better chip, improved display, higher base storage, and an upgraded selfie camera, all at the same price as the iPhone 16 [4]

Market Performance - Stocks have moved sharply higher, with the Nasdaq up 317.25 points (1.4%) at 22,997.23, the S&P 500 up 67.82 points (1.0%) at 6,731.83, and the Dow up 380.05 points (0.8%) at 46,570.66, nearing record highs [1] - The rally on Wall Street is supported by positive sentiment regarding the potential end of the government shutdown and adjustments to tariffs by the Trump administration [4] Company Highlights - Apple (AAPL) surged by 4.3% to a new record intraday high, driven by strong demand for the iPhone 17 series and an upgrade from Loop Capital [2] - Cleveland-Cliffs (CLF) led the steel sector with a significant increase of 24.2% after announcing plans to explore rare earths mining [5] Sector Performance - The NYSE Arca Steel Index rose by 3.3%, reflecting substantial gains in steel stocks [4] - The NYSE Arca Gold Bugs Index increased by 2.6%, supported by a rebound in gold prices [5] - Other sectors, including airlines, semiconductors, and computer hardware, also showed strong performance [5] International Markets - Stock markets in the Asia-Pacific region mostly moved higher, with Japan's Nikkei 225 Index up by 3.4% and Hong Kong's Hang Seng Index up by 2.4% [6] - Major European markets also experienced gains, with the German DAX Index up by 1.8%, the U.K.'s FTSE 100 Index up by 0.6%, and the French CAC 40 Index up by 0.4% [6]