Core Insights - Apple shares increased by 4.3% following reports of strong demand for the iPhone 17 and a positive note from Wedbush [1] iPhone 17 Demand - Apple has instructed suppliers to boost production of the $799 iPhone 17 by 30%, indicating higher demand for the less expensive model compared to the $1,099 iPhone 17 Pro [3] - Shipping lead times for iPhone 17 orders have extended to 18 days, nearly double the 10-day lead times for the iPhone 16 last year, suggesting robust demand for the iPhone 17 [4] - Demand for the iPhone 17 may be up 20% to 30% compared to the iPhone 16, with consumers showing a preference for cheaper models [7] Investment Outlook - Wedbush raised its price target for Apple stock to $310, indicating over 21% upside potential, and noted that iPhone 17 demand is tracking 10% to 15% ahead of the iPhone 16 [5] - Despite potential lower margins on cheaper iPhones, a 20% to 30% demand growth could lead to earnings growth surpassing the 12% long-term forecast by analysts [5]