Apple Breaks $300 Line; Investors Watch What’s Next Beyond the iPhone
Apple shares closed Friday at $300.23, up 2.4% for the week, while major U.S. indexes fell sharply. The company reported a 17% rise in quarterly revenue to $111.2 billion and record services revenue. Analysts at Wedbush and Evercore ISI raised price targets, citing growth in services and potential AI gains. U.S. iPhone sales rose 1.3% last quarter as overall smartphone sales declined.