Apple stock hits all-time high at 260.2 USD

Apple Inc. stock has reached a new milestone, hitting an all-time high of 260.2 USD, with the tech giant’s market capitalization now standing at an impressive $3.85 trillion. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. This achievement marks a significant moment for the tech giant, reflecting a robust performance over the past year. The company’s stock has seen a 1-year return of 7.86% and impressive revenue growth of 5.97%. Trading at a P/E ratio of 39.34, the stock has attracted significant investor attention, with analysts setting price targets ranging from $175 to $310. InvestingPro subscribers can access 15+ additional exclusive insights about Apple’s valuation and growth prospects. This surge in Apple’s stock price highlights the company’s resilience and its continued leadership in the technology sector, supported by an overall "GOOD" Financial Health rating from InvestingPro. As Apple continues to innovate and expand its product offerings, investors remain optimistic about its future prospects, with analysts forecasting continued profitability for the coming year.

In other recent news, Apple has unveiled its M5 chip, which boasts a significant fourfold increase in AI performance over its predecessor, the M4 chip. This new chip utilizes third-generation 3-nanometer technology and features a redesigned 10-core GPU with Neural Accelerators, enhancing overall computing capabilities. Meanwhile, Apple is also addressing outages affecting its Apple TV+ and Apple Music services, with thousands of users reportedly experiencing access issues. In another development, Apple is planning to launch a touch-screen MacBook Pro with an OLED display between 2026 and 2027, as reported by Bloomberg. This new line of MacBooks, internally code-named K114 and K116, will feature Apple’s upcoming M6 processors. Additionally, Apple faces an antitrust complaint from 55 Chinese iPhone and iPad users, alleging the company restricts app distribution and charges high commissions. On the financial front, Evercore ISI has maintained an Outperform rating for Apple, citing expectations for the company to surpass consensus estimates for the September quarter. The firm anticipates Apple will potentially guide higher for the December quarter, driven by strong iPhone data points.

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