Apple Stock Climbs on Robust iPhone 17 Preorders and New Announcements

Apple's stock rose 1.1% following strong preorders for the iPhone 17 series, with analysts predicting a 5-10% increase in preorders year-over-year, driven by pent-up demand. Despite some supply chain delays and a postponed launch in China for the iPhone Air, demand for the new models appears robust, especially for the premium versions. Analysts remain optimistic about Apple's stock, with price targets around $270, though some express caution due to launch delays.