Apple Stock Hits Record High Amid Strong Sales
Apple's stock price has surpassed $325 amid strong sales and record revenue growth. The company posted its best June quarter ever, with a 16% increase in revenue and a 29% boost in earnings per share (EPS). This surge is driven by the growing installed base of Apple devices and new AI features.
However, despite these impressive numbers, there are concerns over fading tariff benefits and rising memory costs. Additionally, supply constraints, margin pressure, and regulatory delays in AI rollout pose risks to the company's future growth. As a result, analysts have mixed ratings and downward EPS revisions for Apple.