Apple stock turned positive for the year on Monday, marking a significant milestone in their rally, bringing the company close to record highs. The stock has surged over 45% from a low during peak tariff-related uncertainty in April, when it was down more than 30% year-to-date.
Recent strength in Apple came as tariff fears waned and optimism that strong demand for its latest iPhones — especially the more-expensive models — can support growth.
“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.”
Despite the move, Apple continues to trail other names within big tech, especially companies with more-pronounced exposure to artificial intelligence. The Nasdaq 100 Index is up 17% this year, with Nvidia Corp., Alphabet Inc., and Meta Platforms Inc. all up more than 30% this year. Microsoft Corp. is up more than 20%.
MacDailyNews Note: Apple’s all-time high of $260.10 was set on December 26, 2024. Apple’s high for 2025 was $250.00, set on February 25, 2025.
“Sub-$170 AAPL seems like an absolute gift to us…” – MacDailyNews, April 8, 2025
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Yay. Tim Cook is awesome 👍
He could have been if he had taken better care of Siri.