Evercore ISI Reaffirms 'Outperform' Rating for Apple Amid Strong iPhone Demand

Evercore ISI has reaffirmed its 'Outperform' rating for Apple Inc. (AAPL) after the start of pre-orders for the iPhone 18 Pro and Pro Max models.

The stock currently trades at $334.44, near its 52-week high, with shares up 22.5% year-to-date.

Average delivery time for the new iPhone models is longer than last year in several countries, including the US, UK, and Germany.

However, demand in China and Japan appears to be in line with last year's figures.