Apple hits an all-time high as new smartphone data sides with the bulls in a sea of negativity

Earnings

Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. 
Justin Sullivan | Getty Images

Apple is back. 

Shares hit an all-time high Tuesday despite a chorus of recent concerns from Wall Street analysts about demand for the new artificial intelligence-enabled iPhone 16.

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