Apple is once again grabbing headlines — not just for its latest iPhone 17 lineup, but also for its soaring stock performance. According to CNBC’s Daily Open, growing consumer demand for the new iPhone is fueling a fresh wave of optimism among investors, pushing Apple shares higher.
iPhone 17 Demand Stays Strong
The report highlights that demand for Apple’s newest iPhones has outpaced last year’s models, especially in key markets like the U.S. and China. Despite concerns over the global economy, consumers are still lining up — both online and offline — to get their hands on the latest device.
This surge in interest is seen as a sign of Apple’s continued brand strength, even in a competitive smartphone landscape dominated by Samsung, Google, and emerging Chinese brands.
Apple Stock Rises on Renewed Optimism
Apple shares have rallied alongside the iPhone buzz, climbing after several analysts raised their price targets. Investors see the company’s product strategy — from iPhones to wearables and services — as a key driver for its long-term growth.
As per CNBC’s analysis, Apple’s market performance reflects renewed faith in its ecosystem, with strong pre-orders, solid supply chain reports, and improving sales forecasts adding to the momentum.
Analysts Expect a Strong Quarter Ahead
With holiday season demand around the corner, analysts are predicting that Apple could report one of its strongest Q4 results in recent years. The combination of high iPhone sales, growing Apple Services revenue, and positive market sentiment may keep the stock rally going.