Apple (AAPL) Reiterated as Hold by Jefferies Amid iPhone 17 Price Hike Expectations

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Making Waves on Wall Street.  On July 30, Jefferies analyst Edison Lee reiterated a Hold rating on the stock with a $188.32 price target

According to the analysts, Apple may increase prices for the upcoming iPhone line-up due to strong second-quarter demand and increasing cost pressures.

“We saw more evidence of strong iPhone demand in 2Q25, as key US telcos reported ~22% growth in equipment sales in 2Q driven by pull-in, the highest in the last 6 Qs. So CP/IDC’s reported growth (4%/1.5%) may be an under-estimate. Separately, we expect a US$50 selling price hike for iPhone 17 Slim/P/PM to offset higher component costs and China tariff. Others such as India tariff, sectorial tariff and lower yield in India are not yet covered.”

Apple (AAPL) Reiterated as Hold by Jefferies Amid iPhone 17 Price Hike Expectations

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The firm believes that the price hike “may barely cover the above cost increases.”

Apple is a technology company known for its consumer electronics, software, and services.

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