AAPL Surges Above Resistance as Apple Unveils AI Platform
Apple Inc.'s (AAPL) stock price has risen above $320.24 resistance amid excitement for its newly introduced Apple Intelligence AI platform and record Q3 revenue of $109.4 billion.
The company's latest product refresh, including the first foldable iPhone, the iPhone Duo, alongside the iPhone 18 lineup, has driven heightened consumer and investor interest under new leadership from CEO John Ternus.
Strong fundamentals support these developments, as Apple posted record Q3 revenue with earnings per share at $2.02 and a 50.1% gross margin for the period ended June 27, 2026.
Tech indicators show mixed signals, with AAPL trading above its MA-20 yet below the MA-50 on the hourly timeframe, while holding well above the MA-200 on the daily chart. The Ichimoku Kijun acts as near-term resistance at $320.24.