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[BUSINESS] · United States · 3 sources

Apple and Salesforce Stocks Jump on New iPhone Plans and Analyst Upgrades

Apple shares rose about 4.9% after reports that the company is preparing a new line of iPhone models, including a fold‑able “iPhone Ultra” slated for early 2027 with a projected price of $2,500‑$3,000 and a production target of 10 million units. The firm is also said to be seeking cheaper memory chips from Chinese suppliers ChangXin Memory Technologies and Yangtze Memory Technologies to lower component costs.

Salesforce’s stock gained roughly 1.7% following analyst upgrades, notably Guggenheim’s upgrade to “Buy” with a $228 price target and other favorable ratings. The software company beat fourth‑quarter expectations, reporting earnings per share of $3.88 versus the $3.13 consensus and revenue of $11.13 billion, slightly ahead of forecasts.