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AAPL Hits Record Near $300 as iPhone Sales Crush Android, Dominate 75% of Carriers

AAPL shares struck a record close near $300, surging 40% over the past year, fueled by unstoppable iPhone sales grabbing 75% of major U.S. carriers in Q1 per Counterpoint, while Android volumes plunged 14%. From mid-March lows around $261, the stock rallied over 15% on Q2 earnings of $111.2B revenue (+17% YoY), iPhone $57B (+22%), record Services $31B (+17%), EPS $2.01 (+22%), and 14-17% growth guidance. CEO shift to John Ternus in September, $68.5B cash for AI M&A, Buffett's $185B stake, and June 8 WWDC sustain momentum despite 35x valuation.

Category

Apple

Sentiment

Bullish

Event

Market commentary

Reading time

1 min