Apple Hits First Record of 2025 as iPhone Optimism Fuels Rebound

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Bloomberg Intelligence hosted by Paul Sweeney and Lisa Mateo

*Broadcasting from Commonwealth Financial Network’s 2025 National Conference at Gaylord National Resort in Maryland*

-Mandeep Singh, Bloomberg Intelligence Senior Tech Industry, discusses the latest on Apple. Apple shares hit their first record of 2025 after Loop Capital upgraded the stock to buy from hold, citing positive iPhone demand trends. The recent strength comes amid signs of stronger-than-expected demand for its latest iPhone lineup, with the iPhone 17 series outselling the iPhone 16 by 14% over their respective first 10 days on sale in the US and China.

- Andrea Felsted, Bloomberg Opinion Columnist, discusses Kering agreeing to sell its beauty division to L’Oreal SA in a €4 billion deal, with new Chief Executive Officer Luca de Meo changing course to turn around the company's fortunes.

-Patrick Daniel, Vice President, Advisor Digital Solutions, at Commonwealth Financial Network, discusses AI in wealth management. He also discusses the impact of emerging tech on financial services and how money will be managed in the future.

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