Apple Stock Gains Momentum as iPhone 17 Pro Demand surges in China
BEIJING – Apple shares are poised for potential gains following unexpectedly strong initial demand for the iPhone 17 Pro and Pro Max in China, despite maintaining premium pricing. The new generation of iPhones is resonating with Chinese consumers, signaling renewed confidence in the brand within a crucial market.
Despite starting prices of $1,099 for the iPhone 17 Pro and $1,199 for the Pro Max variant, lengthy wait times for the high-end models indicate continued acceptance of AppleS pricing strategy. This positive reception arrives after a challenging start to the year for Apple stock, which experienced a decline of over 15 percent. Analysts are optimistic, with the average price target currently at $245, and a street high of $290 suggesting potential for over 20 percent growth.
The resurgence in China is especially significant as the country represents a key growth area for Apple.The strong early indicators, coupled with positive analyst outlooks, could provide further upward momentum for the stock. Investors are now weighing whether to buy or sell, with a new analysis released September 18 offering insights into the current market situation.
Apple: Buy or Sell? A detailed analysis released September 18 by Boerse-Express examines the latest Apple performance and provides recommendations for shareholders. Read more here.
