Apple Stock Soars Near All-Time High on Strong iPhone Demand

Apple's stock price is nearing its all-time high, reaching approximately $334 on the Nasdaq as of September 14, 2026. This surge follows the company's announcement of its fiscal third-quarter revenue for 2026, which reached $109.4 billion, a remarkable year-over-year increase of 16.4 percent.

The company's quarterly performance delivered an impressive earnings beat, with net income surging 27.1 percent to $29.8 billion and gross margins expanding to 50.1 percent, aided in part by refunds on U.S. tariffs.

Morgan Stanley analysts have reaffirmed their bullish stance on Apple, reiterating an Overweight rating along with a price target of $360, citing robust early demand for the iPhone 18 Pro and Pro Max models following the initiation of pre-orders.