Apple shares soared to a record high on Thursday, closing at $133.60, as investors anticipate strong earnings. The stock’s performance reflects growing confidence in the tech giant’s financial health and future prospects.

The surge is largely attributed to expectations surrounding Apple’s upcoming earnings report. Analysts predict robust figures, driven primarily by sustained demand for iPhones and increasing revenue from Apple’s services sector, including Apple Music and the App Store.

Several factors contribute to the positive sentiment:

• Strong iPhone Sales: The iPhone continues to be a major revenue driver for Apple.
• Growth in Services: Apple’s services sector is experiencing significant expansion.
• Investor Confidence: Overall market conditions and Apple’s consistent performance have boosted investor confidence.

The company is expected to announce its earnings later this month. Investors will be closely watching the results to see if they meet the high expectations currently reflected in the stock price.