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After last week's Apple product launch, the company's stock price fell, followed by five consecutive days of increases. The products released included a thinner and lighter iPhone, but it did not generate much response. Behind the rebound in stock prices is the optimistic sentiment of investors, who believe that even if customers are not in a hurry to upgrade their devices, higher-priced phones—such as the top Pro model with a retail price of up to $1,999—can still support Apple's revenue growth. John Belton, portfolio manager at Gabelli Funds, which manages $33 billion in assets, stated, "This is the first real price increase we've seen in years, so if we see a typical price increase replacement cycle along with some progress in artificial intelligence, it may not be an exciting situation for the stock, but it is still a decent one."
