"Hey Siri" support and possibly wireless charging case alongside AirPower charging mat.
Apple Stock Smashes Previous All-Time High For Second Month Running
Apple shares hit a record closing high in Nasdaq trading yesterday, reaching $140.69 to beat its previous all-time closing high of $140.46 set just two days ago.
A new all-time intraday high of $141.02 was also set by AAPL on Thursday, eclipsing its previous record of $140.75, also set on March 15. Stocks re-opened today at $140.72 and remained steady around the $140 mark.
The figures cement Apple's position as the most valuable company by some margin, now with a market value of $738 billion. Google parent company Alphabet remains second largest with a market cap of around $592 billion, followed by Microsoft at just under $500 billion and Berkshire Hathaway at around $430 billion.
Following Apple's first annual revenue decline since 2001, its stock has been steadily rising over the past five months, buoyed by record-breaking earnings results at the end of January. February 14 saw shares reach $136.27 in intraday trading, eclipsing a previous all-time intraday high set in April 2015, while Apple's market value surpassed $700 billion.
Wall Street analysts have claimed for months now that Apple remains one of the world's most under appreciated stocks. Among a large group of Apple analysts, Brian White of Drexel Hamilton, Steven Milunovich of UBS, and former analyst turned venture capitalist Gene Munster have all predicted rises. Apple's relative strength line, which gauges the stock's performance versus the S&P 500 index, is at its highest level since September 2015.
Some projections put Apple's stock price on a continual upward trend over 'iPhone 8' optimism, with several financial analysts raising their price targets for Apple's stock to between $150 and $185, according to research notes obtained by MacRumors.
A new all-time intraday high of $141.02 was also set by AAPL on Thursday, eclipsing its previous record of $140.75, also set on March 15. Stocks re-opened today at $140.72 and remained steady around the $140 mark.
The figures cement Apple's position as the most valuable company by some margin, now with a market value of $738 billion. Google parent company Alphabet remains second largest with a market cap of around $592 billion, followed by Microsoft at just under $500 billion and Berkshire Hathaway at around $430 billion.
Following Apple's first annual revenue decline since 2001, its stock has been steadily rising over the past five months, buoyed by record-breaking earnings results at the end of January. February 14 saw shares reach $136.27 in intraday trading, eclipsing a previous all-time intraday high set in April 2015, while Apple's market value surpassed $700 billion.
Wall Street analysts have claimed for months now that Apple remains one of the world's most under appreciated stocks. Among a large group of Apple analysts, Brian White of Drexel Hamilton, Steven Milunovich of UBS, and former analyst turned venture capitalist Gene Munster have all predicted rises. Apple's relative strength line, which gauges the stock's performance versus the S&P 500 index, is at its highest level since September 2015.
Some projections put Apple's stock price on a continual upward trend over 'iPhone 8' optimism, with several financial analysts raising their price targets for Apple's stock to between $150 and $185, according to research notes obtained by MacRumors.
Tag: AAPL
[ 195 comments ]
Top Rated Comments
(View all)
24 months ago
Is the company now sufficiently wealthy to start paying tax at the same rate as the rest of us or will this obligation continue to be ignored in favour of spewing out ever more gaudy baubles?
The rest of us? Half of America doesn't pay any income tax. Apple's effective tax rate is 25%, much higher than the majority of Americans and that doesn't even account for property tax, payroll tax, inventory tax, or the tax investors and other shareholders pay on quarterly dividends. The idea Apple doesn't pay taxes is another false Internet meme.
24 months ago
Lesson here: Abandon core product, outsource R&D, use same unoriginal designs year after year, and get involved in transgender bathrooms......stock goes up. Proof that the stock market is a flawed system.
24 months ago
I love to see Apple doing well but in all honesty I do wish they weren't being rewarded for what has been a disappointing last couple of years, product wise.
24 months ago
Incredible.
Expectation for future growth and sales must be high. Amazing.
24 months ago
Sack Tim, sack him now, it's tanking, ITS TANKING!!!
You are sarcastic now but there will be hell to pay if Tim doesn't deliver the goods this year -- that is what this run up is based on. I say this both as an Apple fan and shareholder. I hope Tim isn't bluffing this time.
24 months ago
Lesson here: Abandon core product, outsource R&D, use same unoriginal designs year after year, and get involved in transgender bathrooms......stock goes up. Proof that the stock market is a flawed system.
Stock market is indeed a flawed system, and that's exactly why AAPL is still ridicolously undervalued.
24 months ago
Like it or not, Trump has opened the door for many companies to flourish but Tim would never give him credit for anything.
24 months ago
I love to see Apple doing well but in all honesty I do wish they weren't being rewarded for what has been a disappointing last couple of years, product wise.
As I sit here typing on my 12.9" iPad Pro with Smart Keyboard, wearing my Apple Watch, and listening to podcasts on my iPhone 7 with AirPods, I can't help but wonder if you just mean "I want a new Mac Pro." Big picture, Apple has been killing it with products over the past couple of years. And I expect they'll come out with great updates to Mac Pro and iMac this year.
24 months ago
Tim Cook continues to make fools of his critics. Apple is in its best ever shape.
[ Read All Comments ]
Apple doesn't have an official method for individually locking sensitive apps like Photos with a passcode, but luckily there's a workaround that was introduced in iOS 12 with Screen Time.
...
Future's newest album, "THE WIZRD, is now available on Apple Music along with an exclusive documentary. Apple is highlighting the new content on its main Apple.com website.
"THE...
Apple in 2017 purchased Beddit, a company that makes a sleep monitoring system designed to track your sleeping habits to help you improve your sleep hygiene.
Apple hasn't said much about the...
For this week's giveaway, we've teamed up with Scosche to offer MacRumors readers a chance to win one of the company's MagicMount Pro Charge wireless chargers.
Priced at $69.99,...
Austrian non-profit organization NOYB, the "European Center for Digital Rights," has reportedly filed a complaint against Apple and seven other tech companies for allegedly failing to comply...
Google and watchmaker Fossil Group today jointly announced a $40 million deal that will see the search giant take ownership of a portion of Fossil's smartwatch technology.
Fossil Sport...
Earlier this month, Weibo user C Technology (via Wccftech) shared some alleged details about the upcoming successor to the iPhone XS Max, which may or may not be accurate.
The next iPhone XS Max...
Apple earlier this week announced that the HomePod would be available in China and Hong Kong on Friday, January 18, and as promised, the smart speaker is now available for purchase in both...
