Apple Inc. shares are on track for a record close Tuesday for the first time since hitting their Jan. 18 high. The stock is up 0.7% in Tuesday trading. “With Apple shares hitting all-time highs today and having a significant snap back from the dark lows we witnessed post December results/March guidance, we believe the Street is now starting to fully appreciate the massive iPhone upgrade opportunity on the horizon for FY18 with three new smart phones slated for release,” GBH Insights analyst Daniel Ives wrote Tuesday. He refers to the idea that Apple will debut a large-screen OLED iPhone, an enhanced version of the iPhone X, and a more affordable version of the iPhone X during its next smartphone launch, as has been reported by Bloomberg. Amazon.com Inc. shares returned to record levels on Feb. 15, while Microsoft Corp shares did yesterday. Alphabet Inc. stock is about 4% below its record high while Facebook Inc. stock is about 5% below its high. Apple shares are up 32% over the past 12 months, while the Dow Jones Industrial Average is up 23%.
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