Wedbush raises price target: iPhone 17 gives Apple investors hope

Apple is experiencing a new boost on the stock market. The launch of the iPhone 17 series is generating excitement among investors, while analysts are issuing optimistic forecasts. Wedbush Securities has raised its price target for Apple shares to $310, citing significantly higher demand than expected.

The launch of a new iPhone is traditionally considered a pivotal moment for Apple. With the iPhone 17, a cycle is emerging that could be more robust than in recent years. Sales figures are already surpassing those of the iPhone 16 series, and analysts expect Apple to capitalize on this momentum. The focus is on both new models and the role of the Chinese market, which will determine long-term success.

Strong demand for the iPhone 17

Since its launch in September 2025, demand for the iPhone 17 has exceeded expectations. The iPhone 17 Pro is particularly popular, and delivery times are already stretching. To meet the high demand, Apple plans to increase production by around 20 percent. The newly launched iPhone Air is also becoming a success. The model, which sits between the standard and premium versions, has received more attention in the US than initially predicted. It could become a key part of the product lineup, closing the gap between the price categories.

Pent-up demand as a growth driver

Another factor contributing to the current success is the large number of older devices. Of the 1.5 billion iPhones worldwide, approximately 315 million have been in use for more than four years. Many of these users are about to upgrade, creating a potentially huge buyer pool. Wedbush expects iPhone shipments in fiscal year 2026 to be between 240 and 250 million units. This is significantly higher than previous Wall Street estimates of 230 million units.

China as a key market

Despite the positive start, China remains key to Apple's future development. Sales in the region have declined in recent years, so a recovery is considered necessary. The launch of the iPhone Air is still delayed there while regulators review eSIM compatibility. However, observers expect an imminent release. At the same time, Apple faces strong competition in China from Huawei and Xiaomi, which dominate the high-end smartphone market. Analysts see the iPhone 17 cycle as an opportunity for Apple CEO Tim Cook to stabilize the company's position in China. However, political risks such as trade disputes between the US and China and technological restrictions remain, making a full recovery difficult.

New price target for Apple shares

Wedbush is responding to current developments by significantly raising its price target to $310. The company expects the iPhone 17 cycle to be the strongest in years. In addition to smartphone sales, Apple's commitment to artificial intelligence also plays a role. Although Apple relies partly on partners, the use of AI is considered another growth factor. However, the analysts emphasize that this is an optimistic forecast. Success depends on several conditions: strong sales during the holiday season, stabilization in China, and the ability to successfully integrate new technologies like AI.

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Apple sets new standards in the smartphone market with the iPhone 17

Apple is benefiting from the successful launch of the iPhone 17 series. The company is capitalizing on demand for the iPhone 17 Pro and iPhone Air to significantly exceed sales expectations. The large inventory of older devices is reinforcing this trend. Whether the price target of $310 can be achieved depends on further developments in China and the momentum in the coming fiscal year. What is clear, however, is that with the iPhone 17, Apple has delivered one of the most successful product launches in recent years and is once again setting standards in the smartphone market. (Image: Shutterstock / Sunil Prajapati)

Disclaimer: No recommendation for investments

This article does not constitute financial or investment advice. The information contained herein is for journalistic and informational purposes only. Please conduct your own research or consult a financial advisor before making any investment decisions.