Apple's stock has been added to the 'tactical outperform' list by Evercore ISI ahead of the company's Q4 earnings report. This move comes as analysts observe improving momentum and mix for the iPhone 16, with demand for the iPhone 16 Pro Max remaining strong. JPMorgan's iPhone tracker also suggests a recovery in demand momentum, with lead times and availability gradually improving. The iPhone 16 Pro Max's slower than expected change indicates high demand for the premium option. Additionally, Apple's stock is setting up for a potential breakout above $230, with technical indicators showing bullish trends.