The share price of Apple rose as much as 2% on Monday after reports of strong demand for iPhone 15.
Wedbush and Goldman Sachs are the two sources that said that internal checks showed that there are a higher number of pre-orders by 10-12% YoY and that demand is outpacing supply for the new iPhone.
Wedbush’s analyst noted that deliveries are now moved to late October to early November for various models of the new iPhone.
Apple’s stocks (AAPL) closed 1.7% higher on Monday at $177.97 per share, while also gaining 0.30% in an after-hours trading session.
Goldman Sachs and Wedbush both rated “Buy” on Apple with a target price at $216 and $240, respectively.