Apple Stock Jumps Nearly 5% as Tech Giant Plans 5 iPhone Models

New York, July 3: Apple Inc (NASDAQ: AAPL) popped higher by 4.84% on Thursday to close at $308.63. Apple moved up $14.25 on volume of 75,400,626 shares as investors reacted to news of increased iPhone production along with plans for a foldable model. Apple opened Thursday at $294.12 and saw an intraday low of $293.68 and intraday high of $309.42. The moves came as Apple gained ground throughout the day and closed near its daily high. Apple remained in buyers’ hands for the duration of the trading session. 

AAPL is currently trading slightly below its 52-week high of $317.40 from June 8, 2026, and well above its 52-week low of $201.50 from Aug 01, 2025. Apple Stock now rests near the top of its annual trading range. 

Stock’s 3-Month Price Action 

A monthly view shows Apple stock trending higher from around the $250 area in early April to highs just above $315 in early June. Gains gave way rather sharply as the month continued and we touched a dip near $275 around June 23 before rallying back through late June and into this past Thursday’s trading session to close at $308.63. 

AAPL Monthly Total Return Chart 

Shares of Apple are down 2.08% over the past month but have gained 20.60% over the past 3 month and 13.88% over the past 6 months. Looking further out shows impressive strength with shares up 44.52% over the past year and up 17.05% over the past 3 years. 

Apple eyes bigger share of smartphone market with 5 new iPhones 

Apple plans to launch at least five new iPhone models between the second half of 2026 and first half of 2027 and increase production of foldable devices as it looks to grab a bigger slice of the market during an industrywide component shortage, Nikkei Asia reported Thursday. The iPhone maker has instructed suppliers to be ready to supply components for around 10 million foldable iPhones this year, up from a previous estimate of 7-8 million units, Nikkei Asia said.  

The company has already secured parts for about 80 million smartphones for the July-December period this year, the report added, citing people familiar with the matter. Overall production for 2026 is expected to exceed 220 million units, giving Apple “enormous bargaining power when purchasing memory chips” versus Chinese rivals Xiaomi Corp, Oppo and Vivo, which have each lowered their annual production target to below 100 million units, Nikkei Asia said. 

In related news, Bloomberg News reported Thursday that Apple has held talks to source memory chips for iPhones sold in China from two domestic manufacturers – ChangXin Memory Technologies and Yangtze Memory Technologies Co – both of which are on a Pentagon list of companies with links to the Chinese military. Apple did not immediately confirm the report. Nikkei Asia added that Apple also plans to launch at least two new iPhones in the first half of 2027, consisting of an iPhone 18 standard model and a new iPhone Air device. 

Source

• https://www.nyse.com/quote/XNGS:AAPL