Apple (AAPL) stock has staged an impressive comeback after a sluggish start to 2025. Over the past six months, shares have surged 37.9%, recently reaching a record high of $288.62 on Dec. 3, outperforming the S&P 500 Index, which gained around 14%, and surpassing tech giants like Meta (META), Amazon (AMZN), and Nvidia (NVDA).

The upward swing began in late summer, driven by a series of favorable developments. One key win was when Apple received temporary tariff relief on iPhones manufactured outside the U.S., which allowed the company to avoid price increases on affected models despite broader import duties, helping Apple protect demand during a crucial upgrade cycle.

Enthusiasm for the iPhone 17 lineup also played a significant role in the rebound, bolstering expectations for a strong holiday quarter. Apple’s growing Services segment continues to add steady revenue beyond hardware upgrades, further supporting the company’s growth.

With fresh hardware momentum and expanding strength in Services, Apple is well-positioned to deliver solid growth in 2026. The company is expected to continue strengthening its market position and report strong results moving forward.