Why This Could Be a Big Year for the iPhone (and Apple Stock)

Apple (NASDAQ: AAPL) just refreshed its flagship product line, and the first read-through from preorder week is encouraging. Apple analyst Ming-Chi Kuo said on Monday that preorder trends for new iPhones indicate stronger initial demand for the iPhone 17 family versus last year, while also flagging uncertainty around the just-announced iPhone Air, Apple's ultra-thin model that replaces the Plus variant. That combination -- solid core demand with a potential new catalyst (it's possible that the iPhone Air is doing better than it looks) -- sets the stage for a notable iPhone year.The iPhone maker is entering this cycle with momentum. In Apple's fiscal third quarter (closely aligning with the second calendar quarter), management highlighted a quarterly record for iPhone revenue. iPhone sales also accelerated compared with the prior quarter, and the category continues to account for a large share of Apple's total sales. These dynamics matter because iPhone cycles still drive the tech giant's earnings power -- and, by extension, the stock's valuation.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool