On positive iPhone pre-order data, $Apple(AAPL)$ gained the most since May and for the first time closed above its 200-day moving average since August. As of the close, Apple was up 3.85% and has driven the market to 4 straight gains. $Apple(AAPL)$ was down 7.8% year-to-date, far better than the broader market.Chart from Bloomberg1. What happened to Apple?Pre-order data showed the iPhone 14 Pro Max was the best selling model, surpassing what the older version in the previous year. The popularity of iPhone 14 Pro is because the iPhone upgrades are mainly coming to the higher-end Pro line
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