Neutral
Apple's stock declines 0.4% to $338.50 after reaching record high of $345.34.
Apple's stock experienced a slight pullback of 0.4%, trading near $338.50, following a record high of $345.34. This minor decline is viewed as a natural consolidation after the recent rally driven by strong iPhone 18 demand.
Key points
- iPhone 18 Pro Max demand remains strong, with 53% of upgraders favoring the Pro or Pro Max models.
- Apple's foldable iPhone Duo, priced at $1,999, is set to ship in late October, with 14% of surveyed consumers expressing interest.
- Apple's market capitalization approaches $5 trillion, with a price-to-earnings multiple of nearly 39.
- Analysts maintain a consensus 'Moderate Buy' rating for Apple, with a 1-year target estimate of $328.09.
Sources
- Apple (AAPL) Stock Pulls Back From Record High as iPhone 18 Demand Fuels RallyBlockonomi · September 23, 2026
- Apple Inc. (AAPL) Stock Price, News, Quote & HistoryYahoo Finance · October 2, 2026
- Apple (AAPL) Stock Pulls Back From Record High as iPhone 18 Demand Fuels RallyCoincentral · September 23, 2026
AI-generated from public news sources. Not financial advice.
