(Bloomberg/Ryan Vlastelica) — Apple Inc. shares broke into positive territory for the year on Monday, the latest milestone in an advance that has put the iPhone maker within striking distance of a record.

The stock rose 4.3% to $256.10, and is now up 2.3% for 2025. The stock has risen nearly 50% off a low hit during the peak of tariff-related uncertainty in April, at which point Apple was down more than 30% on the year.

Recent strength in the stock came amid waning tariff fears and growing optimism that strong demand for its latest iPhones — especially the more expensive models — would support growth.

“It seems clear that demand has been more robust than expected for the new products, and that’s helping to create a stronger bid for the stock,” said Bill Stone, chief investment officer a

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