Apple Shares Continue to Surge as Record-Breaking Market Cap Passes $720 Billion
Apple shares are currently valued at roughly $124 each in intraday trading, giving the Cupertino-based company a record-breaking market cap exceeding $720 billion. Apple stock continues to rise after the iPhone maker became the first U.S. company to close with a market cap over $700 billion on Tuesday, the same day in which CEO Tim Cook spoke live at the Goldman Sachs Technology and Internet Conference.
Apple shares have risen over 48% since the start of 2014, despite some critics suggesting that the company has faced a lack of innovation since the passing of late co-founder Steve Jobs. Apple has been particularly successful in China, which Cook claims has grown from a $1 billion to $38 billion market for the company in the past five years. Apple plans to expand from 19 to 40 retail stores in China over the next year to keep up with the high demand for its products in the world's most populous country.
Apple announced its earnings results for the first fiscal quarter of 2015 last month, posting revenue of $74.6 billion and net quarterly profit of $18 billion, or $3.06 per diluted share. Apple sold a record-breaking 74.5 million iPhones during the quarter on the strength of the iPhone 6 and iPhone 6 Plus, paving the way for the company to report the most profitable quarter of any corporation ever.
Cook confirmed on Tuesday that Apple will announce any potential changes to stock buybacks or dividends during its April earnings call. The chief executive added that Apple does not need as much cash as it is generating for operations, assuring that it is committed to returning money to shareholders through its capital return program.
Popular Stories
Apple today adjusted estimated trade-in values for select iPhone, iPad, Mac, and Apple Watch models in the U.S., according to its website.
Some values increased, while others decreased. The changes were not too significant, with most values rising or dropping by $5 to $50.
We have outlined some examples below:
Device
New Value
Old Value
iPhone 15 Pro Max
Up to $630
U ...
iOS 19 is still around six months away from being announced, but a new leak has allegedly revealed a completely redesigned Camera app.
Based on footage it obtained, YouTube channel Front Page Tech shared a video showing what the new Camera app will apparently look like, with the key change being translucent menus for camera controls. Overall, the design of these menus looks similar to...
Apple provided the third beta of iOS 18.3 to developers today, and while the betas have so far been light on new features, the third beta makes some major changes to Notification Summaries and also tweaks a few other features.
Notification Summary Changes
Apple made multiple changes to Notification Summaries in response to complaints about inaccurate summaries of news headlines.
For...
While the so-called "iPhone 17 Air" is not expected to launch until September, there are already plenty of rumors about the "ultra-thin" device.
Overall, the "iPhone 17 Air" is shaping up to be a mixed bag. Due to its thinness, the device is expected to have some limited specifications compared to the iPhone 17 Pro models, including only a single rear camera, only a single speaker, no SIM...
The iPhone 17 lineup will feature a vapor chamber heatsink to improve thermal performance, according to a new report.
The news comes from Chinese tech news site MyDrivers, which claims that the entire iPhone 17 lineup, consisting of the iPhone 17, iPhone 17 Air, iPhone 17 Pro, and iPhone 17 Pro Max, will adopt the improved thermal heat spreader.
Vapor chamber technology is already used...
For the last several months, we've been hearing rumors about a redesigned version of the iPhone 17 that Apple might call the iPhone 17 "Air," or something along those lines. It's going to replace the iPhone 17 Plus as Apple's fourth iPhone option, and it will be offered alongside the iPhone 17, iPhone 17 Pro, and iPhone 17 Pro Max.
We know the iPhone 17 Air is going to be super slim, but...
2025 promises to be quite a big year for Apple, with the company rumored to be planning more than 20 product announcements this year.
Apple's rumored smart home hub will be its second all-new product to launch in as many years, following the Apple Vision Pro headset last year. And of course, we will get several new iPhone and Apple Watch models, like every year. Beyond that, Apple could...
iOS 19 will feature a redesigned Camera app inspired by visionOS, according to a new video from Jon Prosser, host of the YouTube channel Front Page Tech.
A re-created render of iOS 19's redesigned Camera app (Credit: Front Page Tech)
Prosser obtained video of the alleged new Camera app, but he elected to share his own re-created images to protect his sources. The images reveal that the app...
