Apple Stock Hits Record High on iPhone Duo and Improved Siri AI
Apple's stock price reached an all-time high of $339.64 after investors responded positively to the improved Siri AI and the launch of the iPhone Duo.
The recent stock price surge follows a smooth transition in leadership, with John Ternus taking over as CEO from Tim Cook in May 2026. Since then, Apple has launched new hardware and software, including iOS 27 and its much-awaited update with Siri AI.
Investors have also praised Apple for its cautious approach to AI development, which has allowed the company to avoid saddling itself with enormous debt. This has made Apple an attractive buy for investors who may be wary of committing too much to firms like OpenAI, which announced it will not hold an IPO this year due to significant losses.
The success of the iPhone Duo, particularly in terms of pricing and adoption, is expected to be a key factor in determining Apple's future performance. The device has already generated significant attention for its foldable design, with some analysts suggesting that Apple's late but potentially best-in-class approach may pay off.