Apple Stock (AAPL) Gains on Plans for New iPhone Models amid Memory Crunch

Tip Ranks
2026.07.02 12:41

Apple shares rose following reports of plans to launch at least five new iPhone models between late this year and mid-2027. This news follows Apple's recent price increases on several products, attributed to a global memory chip shortage.

Apple's (AAPL) shares edged higher early Thursday following reports that the consumer electronics giant plans to roll out at least five new iPhone models. The devices are targeted for launch between the second half of this year and the first six months of 2027, according to Nikkei Asia. The report comes a week after Apple raised the prices of several of its products, citing the memory chip shortage.

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