Phone optimism powers the shares to record highs. Investors will get a sense of whether that enthusiasm was warranted when it reports earnings after the bell Thursday.Since the beginning of August, Apple’s stock is up more than 30% and its market capitalization has risen from $3 trillion to $4 trillion.

Apple has a new iPhone update in the wings, and it’s about to make its entrance. Although there had been plentiful reports that an interim update was on its way, it’s now near-certain that the next iPhone software release will be iOS 26.1. Here’s why that’s a good thing.

Apple briefly hit a $4 trillion market valuation before closing just below at $3.99 trillion, marking a rebound driven by strong iPhone 17 demand and favorable court rulings. Despite lagging in AI compared to peers like Nvidia and Meta,