AAPL Shares Hit New All-Time Closing High
Apple shares climbed to an all-time high at the close of Nasdaq trading on Tuesday, rising $10.53, or 3.16 percent, and hitting $343.99 per share. Apple now has a market value of almost $1.491 trillion.
Despite a bumpy start to the year, tech stocks have fared well during the global health crisis. Apple saw its stocks fall in February and March due to supplier constraints, store closures, and ongoing curbs on travel and transport, but demand for new devices was buoyed by increasing numbers of people working from home, and that saw Apple's share price surge again in April.
Tuesday's high came on the back of news that Apple plans to announce an upcoming shift to Arm-based Macs at its virtual WWDC event later this month.
Swapping over to its own house-made chips should allow Apple to release updates on its own schedule and with perhaps more frequent technology improvements. Apple should also be able to differentiate its devices from competing products with chips designed by its own internal teams, introducing even tighter integration between hardware and software.
There have been some mixed rumors on when Apple could launch the first Arm-based Macs. Apple analyst Ming-Chi Kuo believes Apple will release MacBook models with its own custom processors in the fourth quarter of 2020 or the first quarter of 2021.
Kuo expects Apple to release several Mac notebooks and desktop computers with custom designed Arm-based processors in 2021, so the custom processors won't be limited to just one machine. Bloomberg has said that Apple is aiming to release at least one Mac with a custom-designed Arm-based processor by 2021.
The M2 MacBook Pro has started making its way into customers' hands and we're learning more about how it performs in a variety of situations, but all eyes are really on the upcoming M2 MacBook Air which has seen a complete redesign and should be arriving in a couple of weeks.
Other top stories this week included a host of product rumors including additional M2 and even M3 Macs, an updated...
Apple today began selling refurbished Mac Studio models for the first time in the United States, Canada, and select European countries, such as Belgium, Germany, Ireland, Spain, Switzerland, the Netherlands, and the United Kingdom.
In the United States, two refurbished Mac Studio configurations are currently available, including one with the M1 Max chip (10-core CPU and 24-core GPU) for...
While past rumors have indicated the upcoming second-generation AirPods Pro will feature a built-in heart rate and body temperature sensor, Bloomberg's Mark Gurman has cast doubt on those rumors turning out to be true, saying instead such a feature is unlikely to come anytime soon.
"Over the past few months, there have been rumors about this year's model gaining the ability to determine a...
Apple is working on an Apple Watch Series 8 model with a larger display, according to DSCC's Ross Young and Haitong International Securities's Jeff Pu.
In October last year, Young suggested that the Apple Watch Series 8 could come in three display sizes. Now, responding to a query about the rumor on Twitter, Young claims that the additional display size joining the Apple Watch lineup will be ...
The redesigned MacBook Air with the all-new M2 Apple silicon chip will be available for customers starting Friday, July 15, MacRumors has learned from a retail source. The new MacBook Air was announced and previewed during WWDC earlier this month, with Apple stating availability will begin in July. The MacBook Air features a redesigned body that is thinner and lighter than the previous...