AAPL Approaches All-Time High as iPhone Demand Shows Strong Signs

Apple's stock has been on a tear, approaching its all-time high of $344.57 as it enters the new week around $335-336.

The company's recent product cycle is gaining traction, with early iPhone demand showing reasonably solid signs. However, some analysts have pointed to higher prices and relatively modest demand for certain models.

The Duo, a foldable iPhone, is set to hit the market on October 23, which could provide another major demand test for Apple. The company's first major product cycle under John Ternus' leadership will also be closely watched, as investors look for signs of faster product development and stronger execution in AI.

Technically, $340-345 remains the key resistance zone for AAPL, and a sustained move above it would strengthen the case for another leg higher in the September rally. However, failure to break through could lead to a move back below $330-325, potentially opening the way toward $315-310.