The video discusses Apple's stock performance, noting a 12% increase in the last month. The primary catalyst is the iPhone launch. Year-to-date, the stock is up approximately 2.26%. Despite recent gains, the analyst expresses a previous dislike for Apple stock due to risk versus reward and valuation concerns, suggesting government bonds or the S&P 500 index as better alternatives. The video highlights Apple's June quarter revenue reaching a record of $94 billion, a 10% year-over-year increase. Earnings per share rose by 12% to $1.57. iPhone sales grew by 13% year-over-year, with the iPhone serving as a gateway to Apple's ecosystem.