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Apple Demand Stabilizes, China Remains Weak

Guavy AI Editorial Team
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AAPL
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AAPL demand is stabilizing for the iPhone 18 Pro and Pro Max, but China remains weak according to Intellectia AI. UBS reports that average wait times have increased by three days for the iPhone 18 Pro and two days for the Pro Max, indicating an improvement in demand elsewhere.

UBS maintains a 'Neutral' rating on Apple with a $296 price target, suggesting approximately 13% downside potential against the current stock price of $339.75. This reflects a cautious market outlook on Apple's future performance.

Evercore ISI raised its price target on Apple to $380, believing that demand for the new iPhone could exceed expectations. However, this is in contrast to UBS' more conservative forecast.

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