Stocks
Apple Stock Surges Amid Optimistic iPhone Sales Forecasts
Apple's stock price surged on September 21st, closing at $39.63 after a significant 9.69% increase from the previous day's close.
The stock options chain showed a total trading volume of 1.47 million contracts for the day, with put options accounting for 32.3% of the transactions.
Gene Munster, an analyst, stated that Apple iPhone 18 estimates are 'too conservative', suggesting that the Pro and Pro Max models will account for around 8% of sales.