Apple above $230 driven by higher shipment targets 🤖

Apple (AAPL.US) gains 1.50% to 231 USD per share following the information that the company aims to ship at least 90 million iPhone 16 devices in the latter half of this year. This additional demand is to be driven by AI services, which boosts demand after a rocky 2023. The company has informed suppliers and partners of its target to increase shipments by about 10% compared to the 81 million iPhone 15s shipped in the second half of 2023. Apple shares are trading up 1.30% at $231.00, reaching a new record high. Apple's shares gained 25.00% in 2024 after a 40.00% increase in 2023. Today is the seventh consecutive day of gains, extending the stock's dynamic momentum after breaking above the $200 resistance.

Source: xStation 5