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Why Apple’s New iPhone Could Be a Smashing Success—and Why Its Stock Could Hit $290

1. 56% of customers prefer iPhone 17 Pro/Pro Max models over previous Pro versions. 2. Evercore lifted Apple's price target to $290 from $260 based on survey findings. 3. Interest in iPhone Air is low at 9%, affecting overall product mix perception. 4. Consumer preference focuses on hardware features, reducing interest in AI enhancements. 5. Majority of Wall Street maintains bullish ratings on Apple stock.

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FAQ

Why Bullish?

The positive survey results suggest strong demand for premium models, likely driving AAPL's price upwards. Historical trends show that iPhone demand often correlates with stock performance, as seen in previous iPhone releases.

How important is it?

The article indicates strong consumer interest and positive forecasts, which can bolster investor confidence and influence AAPL's market performance.

Why Short Term?

Immediate sales data from the iPhone 17 series will likely impact next earnings announcement significantly, reminiscent of past iPhone cycles.

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