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Benzinga
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Dan Ives Says Apple iPhone 17 Marks 'New Era,' Sets Up Super Cycle After AI Strategy Held Shares Back

1. AAPL stock fell 1.48% post-iPhone 17 launch event. 2. Wedbush analyst maintains Outperform rating with $270 price target. 3. Apple has significant upgrade opportunity with 315 million users yet to upgrade. 4. iPhone 17 Pro price increased to $1,099 due to tariffs. 5. iPhone production shifting to India is a strategic move.

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FAQ

Why Bearish?

The recent drop in AAPL stock after the product launch indicates investor caution. Additionally, potential tariff impacts and production shifts could limit immediate gains.

How important is it?

The article highlights risks and opportunities surrounding the new product launch, impacting AAPL's investor sentiment.

Why Short Term?

The stock may face pressure in the upcoming quarter due to tariffs and initial buy reactions but strong upgrades could rebound later.

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