Apple Inc. has recently surpassed the $300 mark, reaching new all-time highs, as the market begins to view the company beyond its traditional iPhone narrative. This surge is attributed to a robust iPhone upgrade cycle, with the iPhone 17 lineup driving record revenue in the March quarter. Additionally, Apple reported record Services revenue, which is becoming a significant growth engine with higher margins. The upcoming Worldwide Developers Conference (WWDC) is anticipated to unveil new AI products, further enhancing investor optimism. Apple's strategy focuses on integrating AI into its ecosystem rather than selling standalone models, aiming to deepen user engagement and potentially introduce premium features. The announcement of a $100 billion share repurchase program underscores Apple's commitment to returning capital to shareholders while investing in growth. With these developments, analysts see a compelling bullish setup for the stock, targeting an upside of $340.