TradingKey – Apple (AAPL) stock has continued to rebound since the fall new product launch event on September 9. Currently hovering around $334, the stock has recovered most of its losses since peaking in late July and is less than 3% away from its all-time high of $344.26.

The market is pinning its hopes for breaking previous highs on sales of this round of new products. Global delivery times for the iPhone 18 Pro and 18 Pro Max tracked by JPMorgan have expanded more than during the same period last year, and Evercore ISI’s consumer survey also points to a better-than-expected replacement cycle.

Meanwhile, delivery times in the Chinese market remain significantly shorter than last year, which JPMorgan considers a major concern in…