Apple shares reach new all-time high amid iPhone Duo demand

Apple Inc. shares reached a new all-time high, hitting a closing price of $343.99 and an intraday peak of $348.36. The surge is driven by strong optimism surrounding the launch of the iPhone Duo foldable phone lineup.

Early demand for the new foldable devices reportedly exceeded available supply, leading to extended delivery estimates. To support production, Apple is expanding partnerships with U.S.-based suppliers, including the Pennsylvania-based Perryman Company for titanium and Delaware-based Qnity Electronics for camera technology development.

With a market value of approximately $5.020 trillion, Apple remains the world’s second-most valuable company, trailing only NVIDIA.