Apple edges toward $4T
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 21 October 2025
⏱️ 6 minutes
🧾️ Download transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | It's good to have you here on this Tuesday, October 21st. I'm Julie Morgan. Big gains for Apple, big delays for Unilever, and a big miss for Elf Beauty. |
| 0:20.3 | Apple has moved closer to a $4 trillion valuation. |
| 0:24.2 | Shares rose nearly 4% on Monday. The company received positive comments from a pair of Wall |
| 0:30.4 | Street firms, Loop Capital and Evercore ISI, amid strong demand for the iPhone 17. Loop Capital upgraded Apple to buy from hold and raised the target price to 315 from 226, |
| 0:44.4 | while Evercore ISI added Apple to his tactical outperform list. |
| 0:49.7 | The firm reiterated its outperform rating and $290 price target. |
| 0:55.0 | The iPhone accounts for nearly half of Apple's total revenue. |
| 0:59.0 | Separately on Monday, Counterpoint Research said the iPhone 17 series has outsold the iPhone 16 by 14% in its first 10 days of availability in both the U.S. and China. |
| 1:11.7 | The research firm noted the base model of the iPhone 17 has been the major driver, |
| 1:17.2 | as sellout data is up by nearly 33% over the iPhone 16. |
| 1:23.2 | Unilever is delaying the planned demurger of its ice cream business due to the government shutdown. |
| 1:29.3 | The company had initially planned to list Magnum on Euro Next Amsterdam, the London Stock Exchange, |
| 1:35.3 | and the New York Stock Exchange on the 10th of November. |
| 1:38.3 | Because of the U.S. government shutdown, the SEC is currently unable to declare effective the registration statement required |
| 1:46.8 | for shares of the Magnum Ice Cream Company to be listed and traded on the NYSE. |
| 1:52.8 | However, despite the delay Unilever said that the general meeting of shareholders to vote on |
| 1:58.2 | the proposed consolidation of its share capital, which is related |
| 2:02.1 | to the demurger, will still take place as scheduled. Shares of Elf Beauty were underwater |
| 2:08.4 | on Monday after the company disclosed its newest acquisition had softer than expected sales |
| 2:14.2 | for the second quarter. According to a recent filing with the SEC, |
| 2:18.8 | Elf Beauty said that sales of Road Beauty totaled $40.2 million for the three months ended June 30th, |
... |
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