Apple Stock Flirts with $5T Mark Again Amid iPhone Duo Hype

Apple stock has once again flirted with the $5 trillion market capitalization threshold after reaching an intraday high of $345.34 and closing at $339.75 on Tuesday.

This represents a significant gain for Apple, which is now up 25% this year, outperforming the S&P 500's 13.4% advance and the Roundhill Magnificent Seven ETF's roughly 10% gain.

The latest surge in Apple's stock price can be attributed to the company's recent product launch, including the iPhone Duo, a foldable smartphone that marks a new premium category for Apple.

Analysts are now assessing whether the iPhone 18 cycle can sustain Apple's earnings momentum and maintain its positive volume cycle despite higher prices.