Apple stock closed at $317.31 on local time, marking an all-time high by closing price, with market capitalization reaching $4.66 trillion — an increase of approximately $650 billion (around 975 trillion won) over two months. The stock rebounded 16% from its low of $275.15 on previous month 25th. According to Bloomberg, Mark Bronzo, chief investment strategist at Rye Strategic Partners, stated that investors returned to the stable Apple amid concerns about the profitability of AI infrastructure investments. Apple's year-to-date stock gain of 17% represents the highest among the so-called 'Magnificent Seven (M7)' technology stocks, while the Philadelphia Semiconductor Index (SOX) fell 10% and the S&P 500 rose 3% during the same period.
Apple Stock Performance Outpaces Major Indices and M7 Peers
Apple's 17% year-to-date gain surpassed all other M7 stocks, while the Nasdaq 100 index rose only 0.3% during the same timeframe. The M7 refers to seven major U.S. technology stocks: Apple, Microsoft, Nvidia, Amazon, Alphabet (Google's parent company), Meta (Facebook's parent company), and Tesla.
Apple Announces Price Increases for Mac, iPad, and Home Devices
Apple announced price increases for all Mac, iPad, and home devices on previous month 25th. According to reports, Apple requested permission from the U.S. government to purchase semiconductor components from two Chinese semiconductor companies on the U.S. Department of Defense blacklist for use in devices sold in China to secure cheaper memory. JP Morgan analyst Samik Chatterjee wrote in an investor note on the 7th that Apple has raised prices in the past but sales volume continued to expand, assessing that the impact of price increases on sales volume is limited.
Foldable iPhone Production Target Raised to 10 Million Units
Investors are focusing on the foldable iPhone as a new growth driver, with a launch anticipated in September. Apple reportedly notified its partners to prepare by increasing this year's foldable iPhone production target from the previous 7-8 million units to approximately 10 million units.
Analysts Project Record Fiscal 2026 Revenue and Cash Flow
The market forecasts that Apple's fiscal year 2026 (October 2025 to September 2026) revenue will grow by approximately 15% and net profit by 17%. This corresponds to the fastest growth rate since 2021. Free cash flow (FCF) is expected to reach a record $140 billion, an increase of more than 40% year-over-year.
Valuation Metrics Show Premium P/E Ratio Among M7 Stocks
Analysts note that these expectations are already substantially reflected in the stock price. Apple's 12-month forward price-to-earnings ratio (P/E) stands at 34x, the highest among M7 stocks excluding Tesla. The proportion of analyst buy ratings is 61%, lower than Microsoft, Amazon, Meta, and Nvidia at 90%.
FAQ
What price did Apple stocks close at on local time?
Apple stock closed at $317.31 on local time, marking an all-time high by closing price. The stock rebounded 16% from its low of $275.15 on previous month 25th, with market capitalization reaching $4.66 trillion.
What is Apple's foldable iPhone production target?
Apple reportedly increased its foldable iPhone production target to approximately 10 million units from the previous 7-8 million units, with a launch anticipated in September.
