Apple (AAPL.US) released the new iPhone 17 series, a new iPhone Air, Apple Watch Series 11, SE3 and Ultra 3, AirPods Pro 3 and other accessories, Citi Research issued a research report saying.

The broker believed that the iPhone 17 series, featuring the new A19 and A19 Pro processors, improved battery performance, proprietary N1 wireless network chip, Bluetooth, Thread and camera upgrades, are in line with expectations.

Citi Research also believed that Apple's introduction of the thin, lightweight, yet durable iPhone Air paves the way for the launch of foldable phone next year, which is expected to drive a stronger phone replacement cycle.

Therefore, the broker rated Apple at Buy, with a target price of US$245.
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AASTOCKS Financial News
Website: www.aastocks.com

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Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
APPLE (C)	10758	243 (-)	0.305	6.3 X
APPLE (C)	10614	236 (-)	0.106	17.2 X
APPLE (P)	10793	210 (-)	0.189	5.2 X
APPLE (P)	10678	170 (-)	0.023	9.2 X