Apple Incs Stock Price Reached A Record High On Tuesday June 11th 2024 Amid Optimism Over The Companys Upcoming 5g Iphone Release

Apple stock price hits record high

Apple Inc.'s stock price reached a record high on Tuesday, June 11th, 2024, amid optimism over the company's upcoming 5G iPhone release.

The stock rose 7% to $193.12, giving the company a market capitalization of over $2.1 trillion. The surge in Apple's stock price comes as the company is preparing to launch its first 5G-enabled iPhone later this year. 5G is the next generation of wireless technology that promises faster speeds and lower latency. Analysts believe that the launch of a 5G iPhone could be a major catalyst for Apple's growth in the coming years.