Apple hits first record of 2025 as iPhone optimism fuels rebound

Apple Inc. shares hit their first record of 2025 on Monday after Loop Capital upgraded the stock to buy from hold, becoming the latest firm to cite positive iPhone demand trends.

Shares rose as much as 3.1% to $260.20, taking out an all-time high that had stood since December. Apple had been a high profile underperformer among S&P 500 Index stocks for much of the year, down as much as 31% at its worst point in April. But since then the iPhone maker has soared more than 50%, finally turning positive for the year in late September.