Apple Stock Soars to New Heights on Strong Demand for iPhone 18 Pro Series

Apple's stock price reached a historic peak of $345.34 on September 22, just ten days after its highly anticipated autumn launch event.

The surge in demand for the newly introduced iPhone 18 Pro series is seen as the key driver behind this ascent. A recent research report from JPMorgan noted that the average global delivery wait time for the iPhone 18 Pro escalated from 7 days in its initial week to 23 days by the second week.

This uptick in order momentum has eclipsed that of last year's iPhone 17 series for the same timeframe. The iPhone remains a vital cornerstone of Apple's financial ecosystem, consistently generating approximately 50% of the company's total revenue.