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Apple Stock On The Rise Ahead Of New iPhone Release
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13 Sep 2017 01:39 AM EST

Shares of Apple stock are rising as Apple is expected to launch the next iPhone today. Many expect the new phone will create a "supercycle" of upgrades, as Apple is also planning to announce an update to the Apple Watch and Apple TV products. Analysts believe the stock will rise 8.2% higher than the company's current price. 79.5% of analysts surveyed by Bloomberg suggest buying stock, with the remainder staying neutral on the matter.

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