Apple (AAPL) hits a new all-time high after announcing layoffs in its sales department, primarily affecting enterprise, education, and government account managers. Despite a 65% surge since April, the tech giant is streamlining operations ahead of an expected $140 billion in December quarter revenue, showing strategic optimization rather than financial distress.

Analyst Samik Chatterjee reiterates an “Overweight” rating on AAPL, projecting a $305 target by next year. Demand for the new iPhone 17 is strong, with supply struggling to keep up. Chatterjee expects a boost in share price after the holiday quarter earnings report, noting Apple’s attractively priced forward P/E ratio and strong technical uptrend.

JPMorgan remains conservative on AAPL, despite positive outlook. Apple’s stock is trading above all moving averages, indicating strong bullish momentum and investor confidence in the company’s future growth.

Read more at Yahoo Finance: Should You Buy, Sell, or Hold AAPL Stock Amid ‘Rare’ Job Cuts?