"Analyst upgrades and price target increases have fueled today’s gains, as firms reassess Apple’s outlook amid strong iPhone momentum, a China rebound, and AI ecosystem potential despite some margin pressures from rising memory costs."

Read More MacDailyNews: Why Apple shares popped Monday

"R&D expenses drove the majority of the year-over-year step-up in opex, with AAPL crediting the increase to higher infrastructure-related costs, headcount-related expenses and engineering program costs." — Analyst Amity Daryanani       

Read More Evercore's Top 5 takeaways from Apple's fiscal Q1 2026 10-Q