Apple shares closed at $340.97 on October 12 after gaining 1.3 percent, supported by JPMorgan’s price-target increase to $360 and Bank of America’s reiterated Buy rating, both highlighting the iPhone 18 cycle and foldable iPhone Duo order growth of 30 percent. Strong fiscal Q3 results—$109.4 billion revenue and $2.02 EPS—reflected robust iPhone and Mac demand, yet the stock trades near its $345.34 52-week high and above the $329 consensus target amid elevated memory costs and supply constraints. Traders are also monitoring the October 13 smart-home launch and October 29 Q4 earnings release, where guidance on holiday-quarter iPhone shipments will shape near-term implied probabilities.