Shares of this profitless growth tech stock rallied, likely on hopes for a good inflation report tomorrow. Read More...
Motley Fool
Why Apple Stock Popped Monday Morning
Shares of Apple (NASDAQ: AAPL) climbed higher on Monday, adding as much as 3.5%. Wedbush’s Daniel Ives has been keeping a close eye on Apple’s website and notes that delivery times have quickly been pushed out to mid-October for the more expensive iPhone 14 Pro models, while the remaining preorders will take at least three weeks to process and wait times are quickly getting longer, according to The Fly. Ives noted that not only are iPhone 14 orders tracking ahead of his expectations, but consumers are ordering more Pro and Pro Max models, which will drive up the average selling price (ASP) for Apple.
