Apple stock hits record thanks to analysts bullish on iPhone X

(Reuters) — Several analysts downplayed concerns about Apple Inc’s iPhone X production issues and were bullish on demand and sales, pushing the company’s shares to a record on Monday.
The Cupertino-based company does not provide pre-order figures on iPhones, leaving investors and analysts in the dark in trying to track output through research with its suppliers, consumer surveys and other industry indicators.
But positive commentary from analysts on Monday signaled strong deman