Apple (AAPL): iPhone 17 Event Unfolds Today-Wells Fargo Sees Revenue Boost

Apple Inc. (NASDAQ:AAPL) is one of the Exciting AI Stocks to Watch Right Now. On September 8, Wells Fargo reiterated the stock as “Overweight,” stating that it sees “revenue upside” from the iPhone 17. The firm holds a $245 price target on the stock.

“As highlighted in our weekly report, reports on Apple’ s next-gen iPhone 17 price points support 3%-5% revenue upside.”

According to analyst Aaron Rakers, the new iPhone 17 Air, iPhone 17 Pro, and iPhone 17 Pro Max are all likely to incur price increases from $100 to $300 compared to last year’s iPhone 16 models.

Rakers noted how he believes the thinner designed iPhone 17 Air may start at $1,099 and run as high as $1,499. Meanwhile, the iPhone 17 Pro may be priced at $1,099, $1,299, and $1,599, whereas the iPhone 17 Pro Max could come in at $1,299, $1,499, and $1,699, reflecting $100 increases similar to iPhone 17 Pro.

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

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