Summary: Apple stock pushed higher on Tuesday, November 11, 2025, trading around $275 and up roughly 2% on the day. The move keeps AAPL within sight of its 52‑week high as investors reward Apple’s comparatively restrained AI spending and weigh fresh headlines about an iPhone Air sequel delay and this week’s quarterly dividend payment. As of today, Apple’s market cap is near $4.0 trillion, with an intraday range of $269.80–$275.91 and a 52‑week range of $169.21–$277.32, according to LSEG/Reuters data. 1
Why AAPL is up today
1) “Less is more” on AI capex
A Bloomberg analysis published today (syndicated by the Los Angeles Times) argues that Apple’s relatively modest capital expenditures on AI—far lower than Big Tech peers—have become a feature, not a bug, as the market begins to scrutinize the massive bills tied to AI infrastructure. That positioning helped Apple lead major indices in early trade, even as other AI‑heavyweights wobbled. 2
2) iPhone Air 2 delay chatter
Yesterday’s report from The Information, echoed by Reuters coverage, said Apple is not releasing the next iPhone Air in fall 2026 amid softer demand, keeping the new sub‑brand’s future in question. The news is still circulating today, but hasn’t derailed the stock’s advance. 3
3) Supply‑chain read‑through
Contract manufacturer Pegatron reported October revenue of NT$117.8bn, noting steady iPhone momentum, a small but supportive data point for Apple’s holiday quarter setup. 4
Key numbers at a glance (11/11/2025)
- Last trade (approx.): $275.25; Day change: +2.16%
- Today’s range: $269.80–$275.91
- 52‑week range: $169.21–$277.32
- Market cap: ~$3.98T
- Forward P/E (Reuters): ~32.7
Figures above from LSEG/Reuters. 1
Dividend timing: cash arrives November 13
Apple’s board declared a $0.26 per‑share quarterly dividend on October 30. The record date was November 10, and payment is scheduled for Thursday, November 13. If you owned AAPL as of the record date, you’re on the list for this payout. Apple’s investor materials list these dates in detail. 5
Today’s trading context
U.S. stock markets are open on Veterans Day (bond markets are closed), so Apple is trading on a standard schedule. That’s been confirmed by market notices and financial press updates today. 6
What could move AAPL next
Holiday iPhone trajectory. On October 30, Apple said holiday‑quarter iPhone sales should top Wall Street’s expectations, a supportive backdrop heading into late November and December. Watch for follow‑on supply‑chain data and regional demand updates through the month. 7
AI product roadmap & partnerships. Apple is reportedly nearing a Gemini licensing deal with Google to power a revamped Siri while it builds out its own AI stack. Any formal announcement, demos, or timelines could swing sentiment. 8
Valuation vs. mega‑cap peers. Apple recently briefly topped $4 trillion in market value amid strong early iPhone 17 demand; whether it can re‑claim and hold that threshold will depend on holiday sell‑through, services growth, and clarity on 2026 AI features. 9
Bottom line for 11/11/2025
Apple stock is up today, buoyed by a rotation toward cash‑rich, lower‑capex tech names and despite lingering questions around the iPhone Air roadmap. With a dividend landing this week and the holiday quarter underway, the next decisive catalysts are demand updates, any Siri/AI announcements, and progress on services growth. For now, AAPL remains near the top end of its 52‑week range with a market cap hovering just shy of $4T. 2
Sources
Reuters market data and company page; Los Angeles Times/Bloomberg analysis on AI spending; Apple Newsroom and Investor Relations; Digitimes Asia; prior Reuters reporting on iPhone 17 demand and market‑cap milestones. 1
Disclosure: This article is for informational purposes only and is not investment advice. Always do your own research and consider consulting a licensed financial advisor.
