Apple (AAPL) Record High and Rating Upgrade

6 days ago

Nora Melinda

"A stellar day that we're seeing right now for shares of Apple. That's ticker AAPL. As you mentioned, it is hitting a record high here. This is the first record high that we're seeing of 2025. And this is after the company said uh essentially there was some data that came out that showed that iPhone 17, the series uh for that uh iPhone outsold the iPhone 16 by 14% over the first 10 days if you were to look at it respectively here. And that's for sales in the US and China. So, of course, you just are seeing them kind of knocking it out the park, hitting a record high here. Uh but I mean of course if you look at shares year to date um well they're up about 5% now that's different than what it looked like earlier that we're seeing a pop into the green clearly. Uh but I mean we also did see Loop Capital upgrading the stock to buy from hold. Lots of optimism right now in the market for this company."

The speaker highlights Apple (AAPL) reaching its first record high of 2025, attributing the performance to strong sales of the new iPhone 17, which outperformed its predecessor by 14% in key markets. Additionally, Loop Capital has upgraded its rating from hold to buy, adding to the bullish sentiment.

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