Apple Stock Edges Higher Ahead of Foldable iPhone Launch

Apple's stock price has risen to around $313 as investors await the company's September 9 product event, where it is expected to unveil its first foldable iPhone.

The Apple Inc. (US0378331005) shares have been trading in the low $310 range and are up 1.1% from their previous close of $309.90.

GuruFocus analysis suggests that the current share price is a modest premium, with a modeled intrinsic value estimate of $283.82 indicating that Apple's stock is 10.4% above its estimated intrinsic value.