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Benzinga
Benzinga
Business
Rounak Jain

AAPL Stock Hits New High Despite Sales Slowdown: Tech Bull Says 'Street Is Realizing' iPhone 16 Marks The 'Start Of A Super Cycle' For Apple

Apple Inc. (NASDAQ:AAPL) stock soared to a new 52-week high on Tuesday, closing at $242.65, despite a general market slowdown. Wedbush's Dan Ives reacted to it, reiterating his belief that the iPhone 16 is the "start of a super cycle."

What Happened: AAPL stock rose by 1.3% on Tuesday, pulling up the broader Nasdaq Composite index. This also represented Apple’s best three-day performance since Oct. 10, when it gained 3.3%.

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