Apple closed at a new record of $300.23 on May 15 after posting a quarter that topped expectations, with revenue hitting $111.2 billion and earnings per share of $2.01. The rally lifted the stock above the $300 mark and briefly to a 52‑week high of $303.20.

Investors credited the surge to robust Services revenue, a hefty $100 billion share‑buyback, and a dividend hike to $0.27 per share. Tim Cook noted steady iPhone demand, while Greater China revenue jumped roughly 28% year over year, easing concerns about market softness.

Despite criticism over a lagging AI rollout and delayed Siri features, Apple’s core business continues to generate more than $28 billion in operating cash flow, reinforcing confidence in the company’s stability and margin health.

The record close signals that Wall Street remains willing to overlook Apple’s AI delays, valuing its proven profitability and ecosystem strength over short‑term competitive pressure from rivals like Google, Microsoft, and Samsung.