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Apple Shares Surge Ahead of iPhone 18 Launch Amid Price Hike Predictions

Guavy AI Editorial Team
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AAPL
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Shares of Apple Inc. (NASDAQ: AAPL) have risen by 4.7% since August 26, setting a high bar for next week's product event where official pricing is anticipated.

TrendForce announced that prices for the iPhone 18 could increase by 10% to 20%, due to escalating memory costs. The price for 256-gigabyte Pro memory has nearly quadrupled over the past year, reaching a staggering 400% increase.

Apple has yet to confirm any details regarding these products, but the market remains largely unfazed by this forecast. As of August 26, Apple shares are trading at $327.66, reflecting a slight decline of 0.2% from Thursday's closing figures.

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