A record June quarter, swelling installed base, and fast-growing services business keep the iPhone maker's long-term story intact.

Apple ( AAPL -0.79% ) heads into Tuesday's product launch event with fresh momentum in both the underlying business and the stock. Shares have climbed recently, prompting a fair question for investors: Did the investment window already close?

I don't think so. The Cupertino-based tech company that makes the iPhone, Mac, iPad, and Apple Watch -- and runs services like the App Store, Apple Music, Apple TV+, iCloud, and Apple Pay -- just put up a strong summer update that bolsters the bull case.

In late July, Apple delivered a June-quarter revenue record and an all-time high in services revenue. And with an upcoming iPhone cycle and feature updates acr

See Full Page