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Apple Stock Hits Record High On iPhone Duo Launch

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MarketUS stocks
SectorInformation Technology
IndustryTechnology Hardware, Storage & Peripherals
Market cap$5.1T
Close on 10/22/2026348.22
Change that session+1.23%
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    Apple shares rose over 2% this week, their strongest week since the iPhone Duo launch, though they edged up only 0.4% in Friday's regular session. Evercore ISI said iPhone Duo delivery dates quickly stretched to late January, roughly 100 days, across all regions and configurations it tracks, and described demand as tracking “solidly out of the gate,” while noting that tight supply could also explain the longer wait. Deepwater's Gene Munster estimates 20 million Duo units in fiscal 2027, versus a Street estimate of 10 million, and sees the long lead times as a sign of a fast start, though Apple's production capacity is unknown. Munster also said iPhone 18 Pro lead times fell to 5% below last year's level after two weeks, and that Pro Max lead times are now roughly in line with last year's model. Evercore maintained its 'Outperform' rating and $380 price target, and AAPL is up 26% year-to-date and 39% over the past 12 months.

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