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Apple Stock Rises on Strong Sales and New Product Launches

Guavy AI Editorial Team
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AAPL
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Apple Inc.'s (NASDAQ:AAPL) stock price rose 1.1% on Wednesday, reaching an intra-day high of $339.50 and closing at $333.02.

The surge in Apple's stock price is attributed to several positive factors, including Counterpoint Research's estimate that the company could sell approximately 6 million iPhone Duo foldables in 2026, priced from $1,999.

Additionally, Counterpoint reported a 12% year-over-year increase in sales of the iPhone 18 Pro series in China during launch week, giving Apple a 33% share of the country's smartphone market.

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