CNBC's Steve Kovach joins 'Squawk on the Street' with the latest details about Apple's latest iPhone rollout.

Apple's stock price has moved higher as initial pre-orders for the latest iPhone models indicate stronger demand compared to the previous year. Analysts report that wait times for the new devices are longer, especially in China, where the base model is benefiting from government subsidies for the first time, and in India, where more iPhones are being produced locally to avoid tariffs. 

In addition to the new iPhones, Apple has launched an updated Apple Watch, which recently received FDA approval for a hypertension alert feature, and new AirPods Pro. Early reviews note some issues with the new translation feature in the AirPods Pro. These product launches and strong early demand have contributed to a positive outlook among investors.

Shares of Apple move higher as iPhone orders indicate stronger demand

Apple are moving higher this morning initial orders orders for the latest iPhone perhaps looking strong. Let's go to receive Kovac Steve are they strong? Yeah, they seem strong or at least stronger than they were a year ago, David So you might be annoyed if you ordered a new iPhone and there's a long wait time there But that's actually good news for Apple investors because the longer the wait times are that's the best signal that demand is actually stronger So a bunch of analysts came out with notes over the more over the weekend after those first pre-orders came in JP Morgan Saying demand seems modestly higher wait times overall for each of those four models that were announced last week and China is turning out to be especially strong with 25 to 30 day wait times based on the model But of course like I told you guys last week the iPhone air is not on sale yet Do some regulatory reasons Jeffries by the way says the iPhone 17 base model in China is actually a hit That's because it qualifies for government subsidies there for the first time So that is actually a price cut compared to what Chinese customers saw in the iPhone 16 base model and in the u.s Lead times for each model. They're slightly higher for each year Meantime you have cities saying those lead times are also stronger in India We're more iPhones than ever are being built to avoid tariffs now what this means it's early data, but it's not perfect It helps us understand Directionally how strong demand is for the new line of iPhones and Apple of course is not just launching new iPhones this week The Apple watch just got FDA approval for that hypertension alert a feature That's also coming to some of the older Apple watch models And then there's the new AirPods Pro the Wall Street Journal did a review of that today and said actually that cool Translation feature everyone's talking about was a little buggy by the way Don't miss tonight part 2 of Jim Cramer's interview with Tim Cook that's gonna be at 6 o'clock a lot more details on these new products guys Good update Steve. Thanks for that Steve Kovac

HBO's medical drama, "The Pitt" beat out heavily-favored Apple TV's "Severance" for outstanding drama series at the Emmy Awards. Meanwhile, Apple TV's "The Studio" walked away with 13 awards and broke the Emmy record for the most wins by a comedy in a single season.

Los Angeles

"The Pitt," "The Studio," and "Adolescence" win big at Emmy Awards

U.S. Secretary of State Marco Rubio arrived in Israel on Sunday to meet with Prime Minister Benjamin Netanyahu and other officials amid the nation's recent strike in Doha, Qatar, and intensified attacks in Northern Gaza.

Jerusalem

Israel hosts U.S. Secretary of State Marco Rubio

Over the weekend, tens of thousands of people marched through London in a rally billed as in support of free speech. Many of the chants and speeches at the rally, which was organized by a far-right activist, were protesting against immigration.

London

Thousands in London march in rally organized by far-right activist

U.S. and Chinese officials concluded a first day of talks in Madrid on their strained trade ties, a looming divestiture deadline for Chinese short-video app TikTok, amid Washington's demands that its allies place tariffs on imports from China over its purchases of Russian oil.

Madrid

Global Tariffs

U.S., China begin trade talks in Spain as TikTok deadline looms

Police are searching for a motive in Wednesday's killing of conservative activist and influencer Charlie Kirk. Authorities say interviews with family and friends of the 22-year-old suspect suggest he could have been radicalized in the dark corners of the internet.

Orem

Charlie Kirk shooting suspect 'not cooperating' with authorities

U.S. Secretary of State Marco Rubio said ahead of the trip that he will be seeking answers from Israeli officials about how they see the way forward in Gaza. Rubio's trip comes after Israel's attack on Hamas leaders in Qatar that upended efforts to broker an end to the conflict.

Middle East Conflict

U.S. Secretary of State Marco Rubio in Israel for talks

Five U.S. F-35 fighter jets landed in Puerto Rico amid escalating tensions with Venezuela. Separately, Caracas said 18 armed U.S. Navy personnel raided a tuna boat sailing in Venezuelan waters.

San Juan

U.S. sends jets to Puerto Rico amid escalating tensions with Venezuela

U.S. President Donald Trump said he believes the Russia-Ukraine war would end if all NATO countries stopped buying oil from Russia and placed tariffs on China of 50 percent to 100 percent for its purchases of Russian petroleum.

Washington

Trump calls on NATO members to stop purchasing Russian oil

U.S. Secretary of State Marco Rubio arrived in Israel on Sunday, as Israel intensified its attacks against northern Gaza. The trip is taking place after President Donald Trump rebuked Israel over the unprecedented attack against Hamas leaders meeting in Doha.

Tel Aviv-Yafo

Marco Rubio visits Israel to push for Gaza ceasefire talks

NATO announced plans to beef up the defense of Europe's eastern flank on Friday, two days after Poland shot down drones that had violated its airspace in the first known action of its kind by a member of the Western alliance during Russia's war in Ukraine.

Warsaw

Ukraine Invasion

NATO bolsters its eastern flank after Russian drones hit Poland

Protests broke out in Chicago on Saturday against President Trump's immigration crackdown. A group of Catholic clergy led what they called a "People's Mass" outside the Great Lakes Naval Base. The base will also be used by Immigration and Customs Enforcement as a staging area for deportations.

Chicago

Tensions over immigration escalate in Chicago

More than 100,000 people took to the streets in London on Saturday, in what's believed to be the largest anti-immigration protest in British history. Organizers called it a "Unite the Kingdom" rally.

Huge crowds march for right-wing "Unite the Kingdom" rally in London

President Trump signaled a new position on Russia's war with Ukraine. He said the U.S. will agree to additional sanctions on Moscow, but only when NATO allies stop buying Russian oil. Willie James Inman has more details.

Trump says NATO must stop buying Russian oil

Tyler Robinson, the 22-year-old suspect in the murder of conservative activist Charlie Kirk, is being held in Spanish Fork, Utah. Officials have yet to identify a precise motive for Wednesday's shooting. Carter Evans has new developments.

Suspect's family says he recently became more political

NATO has launched operation Eastern Sentry to bolster its presence along the eastern flank of Europe, after Russian drones were found in Poland on Wednesday. Meanwhile, U.S. President Donald Trump is calling on all treaty members to increase economic pressures on Russia.

Trump calls on NATO members to impose sanctions on Russia

More than 100,000 people marched through central London on Saturday in a 'Unite the Kingdom' demonstration against immigration organized by far-right activist Tommy Robinson. Police said a number of officers were assaulted.

Thousands in London march against immigration

A former chief justice has been sworn in as Nepal's interim prime minister. For many people, Sushila Karki's appointment promises change. Days of violence and anti-government protests left at least 51 people dead.

Kathmandu

Curfew lifted in Kathmandu, violence in Nepal eases

A civil war within the Sinaloa cartel in western Mexico has forced thousands of people to abandon their villages. Rival factions are battling for territory and control. Communities caught in the middle of the violence are demanding change.

Culiacán

Mexico’s Sinaloa cartel war displaces thousands

The man accused of killing conservative commentator and activist Charlie Kirk is being held without bail in a Utah jail. Meanwhile, vigils and memorials across the country honored Kirk as his widow made her first public remarks since his death.

Charlie Kirk shooting suspect held without bail

President Trump has backed down on his plans to send the National Guard to Chicago, for now. Instead, he told Fox News that federal troops will be deployed to a different city.

Trump backs down on sending National Guard to Chicago

A suspect is in custody after the deadly shooting of conservative activist Charlie Kirk. Authorities say 22-year-old Tyler Robinson is being held at Utah County Jail, pending formal state charges, which are expected to be filed on Tuesday. CBS News' Andres Gutierrez and Anna Schecter have more.

What we know about the Charlie Kirk shooting suspect's arrest

The United Nations General Assembly has overwhelmingly voted to endorse a declaration outlining "tangible, timebound, and irreversible steps" towards a two-state solution between Israel and the Palestinians ahead of a meeting of world leaders.

New York

UN endorses two-state solution declaration that condemns Hamas

In Tunisia, the humanitarian aid flotilla for Gaza is set to leave Tunis. About 40 boats will try to deliver aid to the Palestinians under blockade. In Tunisia the departure was not easy, as two boats from the flotilla were subject to reported drone attacks.

Tunis

Gaza aid flotilla prepares to set sail after reported drone attacks

Brazil's Supreme Court has sentenced firebrand ex-president Jair Bolsonaro to 27 years in prison for coup plotting at the end of a landmark trial that divided the nation and drew U.S. fury.

Brasilia

Brazil's ex-president Jair Bolsonaro sentenced to 27 years in prison

Israeli Prime Minister Benjamin Netanyahu signed an agreement to push ahead with a controversial settlement expansion plan that would cut across land that the Palestinians seek for a state. "There will never be a Palestinian state. This place is ours," Netanyahu said.

Netanyahu signs West Bank settlement expansion plan

The United Nations Security Council has condemned the Israeli attack on the Qatari capital Doha on Tuesday and called for de-escalation in a statement agreed by all 15 members, including Israel’s chief ally, the United States.

Doha

UNSC members condemn Israel over deadly strike on Qatar

Ryan Routh, accused of attempting to assassinate former President Trump in South Florida last year, is representing himself in court. As the trial opened, Routh forfeited his chance to deliver an opening statement, setting the stage for proceedings.

Breakdown