“`html
Apple Stock Rises on Increased iPhone 17 Production
Apple Inc. (NASDAQ: AAPL) experienced a 3.3% increase in share price on Friday, as of 3 p.m. ET, in tandem with an overall positive trend in tech stocks. The S&P 500 rose by 0.3%, and the Nasdaq Composite improved by 0.4%.
The boost is attributed to reports indicating that Apple has instructed suppliers to increase production of entry-level iPhone 17 models, which retail at $799. The iPhone 17 Pro is priced at $1,099. While this suggests robust demand for the base model, it raises concerns about the performance of other iPhone variants, which could indicate consumer hesitance toward the new offerings.
“`
