Bullish
Apple's stock rebounds 4.8% to $308.63 after foldable iPhone production boost.
In the past 24 hours, Apple Inc. (AAPL) has experienced a significant stock rebound, closing at $308.63, up 4.8%. This surge follows reports that Apple is increasing production of its foldable iPhone Ultra models to 10 million units, signaling strong demand and positive investor sentiment. Additionally, the company has set its fiscal Q3 2026 earnings release for July 30, 2026, with expectations of continued growth.
Key points
- Apple's stock surged 4.8% to $308.63, driven by increased foldable iPhone production.
- Apple's fiscal Q3 2026 earnings release is scheduled for July 30, 2026.
- Apple is in discussions to source memory chips from Chinese manufacturers to mitigate cost pressures.
Sources
AI-generated from public news sources. Not financial advice.
