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.

apple shares all time high june 9 2020
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.

Tag: AAPL

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Top Rated Comments

spazzcat Avatar
52 months ago

What exactly are you indicating that is being exaggerated? Please be specific. Seems to me growth is due to a rebound from the Pandemic.
We are in a recession, so the market is not based on any reality right now.
Score: 9 Votes (Like | Disagree)
MacFather Avatar
52 months ago
Deleted.
Score: 8 Votes (Like | Disagree)
Rogifan Avatar
52 months ago
Seems the whole stock market is overvalued right now. Thank the Fed I guess.
Score: 7 Votes (Like | Disagree)
Steve121178 Avatar
52 months ago

Wait till the next iPhones release and the Chineses aren't buying them. :cool:
Yes, but the many iPhone 6/6s owners out there all over the world just might be looking for an upgrade, finally.
Score: 6 Votes (Like | Disagree)
2013.1 Avatar
52 months ago
Apple is doing a great job but this is hugely exaggerated
probably due to extensive money printing.
Score: 6 Votes (Like | Disagree)
dogslobber Avatar
52 months ago

Yes, but the many iPhone 6/6s owners out there all over the world just might be looking for an upgrade, finally.
Why would I upgrade? None of the current Iphones have headphone jacks that 90% of the population demands.

Macs are also going to use weak ARM chips to save a few bucks for the bottom line.

Apple used to be a technology company that meant something to people. Now they're simply a means to squeeze every last dime from an unemployed world.
Score: 4 Votes (Like | Disagree)