Apple Shares Rise 2% on Three-Month Mac Mini Wait, Foldable iPhone Timeline Intact
Apple shares climbed 2% after a U.S.-Israel-Iran ceasefire and Wedbush noted Mac mini lead times stretched to four weeks–three months and Mac Studio waits of two–four weeks. Morgan Stanley’s checks left September 2026 foldable iPhone launch forecasts intact, keeping a $315 price target and unchanged CY26 shipment estimates.
1. Share Rally and Geopolitical Catalyst
Apple shares rose about 2% following a U.S.-Israel-Iran ceasefire that reignited market confidence, with investors also reacting positively to Wedbush’s optimistic view on Mac computer demand.
2. Strong Mac Demand and Lead Times
Wedbush analyst Matt Bryson highlighted Mac mini lead times now stretching from four weeks up to three months, while Mac Studio models face waits of two to four weeks, underscoring robust demand despite a slowdown in overall PC shipments; Bryson also forecasts potential share gains in the handset market.
3. Foldable iPhone Launch Outlook
Morgan Stanley’s recent supply chain checks found no changes in key foldable iPhone component orders, leading the firm to maintain its September 2026 launch timeline, unchanged CY26 shipment forecasts and an Overweight rating with a $315 price target as Apple enters Engineering Validation Testing.