Apple stock nears record high

Apple's stock price is approaching its all-time high, driven by renewed optimism surrounding the iPhone. The stock is currently trading at a price just under $1 below its previous record high. This surge in investor confidence comes as the tech giant prepares to unveil its latest iPhone models, which are expected to generate strong demand. Despite facing some supply chain challenges, Apple's ability to maintain its market dominance and deliver innovative products has continued to impress investors. The company's diversified revenue streams, including services and wearables, have also contributed to its resilience in the face of economic uncertainties. While the exact factors driving the stock's rise are multifaceted, the impending launch of the new iPhone lineup appears to be a significant catalyst for the current rally, as investors anticipate strong sales and financial performance from the tech behemoth.