Apple's stock has risen more than 30% over the past six months, but according to Nikkei Asia, demand for the iPhone 18 Pro and Pro Max has been weak, prompting Apple to tell suppliers to cut production of related components. Higher prices may be a factor, and customers may also be waiting for the foldable iPhone Duo, which starts at $1,999 and launches later this month. Apple will report quarterly earnings next month, and the stock trades at more than 39 times trailing earnings, so the author argues investors should not ignore the risk that higher prices are weighing on demand or the valuation risk.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
AAPL
▼ Likely negativeApple Inc.
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $4.9T |
| Close on 10/12/2026 | 340.97 |
| Change that session | +1.29% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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