Benzinga
  • 4 days ago
Apple stock reached a record high on Monday, closing over $250, up over 50% from its April lows. Optimism about future AI growth and iPhone sales remains strong, despite underwhelming reviews about Apple Intelligence. Analysts predict a potential AI-driven revenue boost with the iPhone 17 launch in 2025. Apple's services business is expected to provide stability amid lagging iPhone sales. Analysts project continued growth for Apple, with a price target of $265.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Apple stock reached a record high on Monday, closing over $250, up over 50% from its April
00:08lows. Optimism about future AI growth and iPhone sales remains strong, despite underwhelming reviews
00:14about Apple intelligence. Analysts predict a potential AI-driven revenue boost with the
00:19iPhone 17 launch in 2025. Apple services business is expected to provide stability amid lagging
00:26iPhone sales. Analysts project continued growth for Apple with a price target of $265.

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