"Apple Inc. shares broke into positive territory for the year on Monday, the latest milestone in an advance that has put the iPhone maker within striking distance of a record. The stock rose 4.3% to $256.10, and is now up 2.3% for 2025. The stock has risen nearly 50% off a low hit during the peak of tariff-related uncertainty in April, at which point Apple was down more than 30% on the year."
"It seems clear that demand has been more robust than expected for the new products, and that's helping to create a stronger bid for the stock, said Bill Stone, chief investment officer at Glenview Trust Company, which has about $15.7 billion in assets under management and owns the stock. I think expectations had been low, so the demand is a pleasant surprise, and whenever you get a positive surprise, that's obviously supportive for the stock, Stone said."
Apple shares climbed 4.3% to $256.10, bringing the stock into positive territory for 2025 and within about 1.1% of its record close. The rally reflects a recovery of nearly 50% from an April low when Apple was more than 30% down on the year. Waning tariff-related uncertainty and stronger-than-expected demand for the latest iPhones, particularly higher-priced models, have supported the advance. Low prior expectations amplified the impact of the demand surprise, prompting stronger buying interest. Apple still trails several big-tech peers tied to AI, while the Nasdaq-100 and major rivals have posted larger gains.
Read at www.mercurynews.com
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