JPMorgan reiterated its “Overweight” rating on Apple (NASDAQ: AAPL) on October 19 and kept its $360 Apple stock price target, both due to positive demand trends across the iPhone lineup. 

In the note, the bank specifically highlighted strong early demand for Apple’s new foldable iPhone Duo, with pre-orders opening on Friday and selling out virtually immediately, pushing delivery estimates into next year.  

However, while current delivery timelines suggest demand may already exceed the revised shipment forecast, JPMorgan cautioned that it remains too early to draw definitive conclusions about the foldable iPhone’s long-term performance.

Apple shares last $343.46, after gaining approximately 27% over the past six…