AAPL - APPLE RAMPS UP FOR NEXT IPHONE Bank of America reiterated its Buy rating and $380 price target after Apple's purchase commitments surged 28% to $57 billion, signaling an iPhone production ramp and component stockpiling ahead of the next launch. Apple also warned of chip and computing supply constraints that could delay AI features, but BofA remains bullish on its long-term AI opportunity and strong capital returns.(*Walter Bloomberg)