Apple raises iPhone prices. Why carriers could cushion the blow?

Investing.com -- Bank of America said in a note Thursday that U.S. wireless carriers have sweetened their iPhone promotions enough to offset Apple's price increases this year, supporting demand for the new lineup. Still guessing which names to buy? Our AI rebuilds its stock picks at the start of every month. The list is beating the market by 120%. See what's on it » Analyst Wamsi Mohan, reiterating a Buy rating and $370 price target on the stock, said maximum trade-in credits for the iPhone 18 Pro Max have risen to $1,200, up from $1,100 for last year's model and $1,000 the year before. "The higher promotions largely offset Apple's higher pricing this year," he wrote.