Apple Stock Nears All-Time High as iPhone 18 Demand Strengthens
Apple's stock continues to soar, reaching new heights as it approaches $341 per share. The strong recovery from support near $310 has pushed the company's price close to its all-time high of $345.
The main question now is whether Apple can meet the significantly higher expectations surrounding the iPhone 18 launch. Initial data showed mixed results, but by the second week, lead times for the iPhone 18 Pro had increased from 7 to 23 days, while the Pro Max rose from 19 to 30 days.
Delivery times in the U.S., U.K., and Germany are now similar to last year's cycle, although China still lags behind. Morgan Stanley notes that Apple increased planned production of premium models by around 18% year over year, which could indicate resilient underlying demand.