Core Insights - Apple is experiencing strong demand for the iPhone 17, with management guiding for mid to high single-digit revenue growth for the September quarter [2][3] - There is uncertainty regarding whether the iPhone 17 is part of a major upgrade cycle, but there appears to be pent-up demand for new iPhones [3] - Lead times for iPhones remain extended, which some analysts view as a positive indicator for sales [4] iPhone Demand and Supply Chain - Apple is assembling iPhones in India and other products in Vietnam, which may affect lead time data and performance metrics [5] - The company faces significant competitive pressure in China, where it derives about 10% of its sales [6] AI and Future Hardware - There are concerns about Apple's lack of a compelling AI strategy, which some investors are willing to overlook due to the iPhone's continued dominance in revenue generation [8] - The future of AI hardware remains uncertain, with questions about what will drive AI usage beyond smartphones [9] Services Revenue - The services segment has been performing well, contributing to Apple's multiple expansion due to favorable margins and growth in the installed base across devices [10][11]

In a note to clients yesterday, Wed Bush's Dan Ives wrote his firm is tracking shipping times that he's seeing particularly strong demand for iPhone 17 Pro models, which is a positive sign for Apple. Dan Ies also hiked his price target to 310 a share. One of the highest on the street and we're joined by Dan Ives right now to discuss what he's seeing in Apple right now.Uh your old price target we just showed at about 270. By the way, the streets at about 272, right around there, the consensus. What are you s ...