Concerns about weak iPhone demand begin to wane Apple (AAPL.US) stock hits record high
Apple (AAPL.US) shares bucked the trend and rose as concerns about weak iPhone demand began to wane. The stock has gained for two consecutive days, gaining about 3% during that period. Apple shares rose 1.1% to $233.85 on Tuesday, setting their highest close since July 16, according to Dow Jones Market Data. During the session, the stock hit an all-time high of $237.49. Optimism among Wall Street analysts appears to be driving Apple's share price rally.