AAPL Opened at All-Time High, Shares Have Risen Nearly 150% Since Late March
Apple's stock opened at a new all-time high of $138.05 today, eclipsing the company's previous opening record of $137.59 set on September 2, 2020. However, the share price has since trended downwards slightly in intraday trading.
Apple has seen its stock price rise nearly 150% since opening at a 2020 low of $57.02 in late March, a few weeks after COVID-19 was declared a pandemic by the World Health Organization. The company has thrived during the pandemic, seeing strong demand for devices like Macs and iPads as many people work, learn, and socialize from home.
Apple set a September quarter record with $64.7 billion revenue, and its December quarter could be even more impressive, as the entire iPhone 12 lineup launched within the quarter due to pandemic-related delays. In fact, the oft-lucrative holiday quarter could see Apple report all-time high quarterly revenue above $100 billion for the first time ever, according to 27 analyst estimates averaged by Yahoo Finance.
It's worth noting that Apple announced a four-for-one stock split in August, and split-adjusted trading began at the end of that month.
Popular Stories
Apple momentarily became the world's most valuable publicly traded company again today after its market valuation surpassed that of Nvidia, according to CNBC. However, the two companies have since traded places during today's session.
Apple's stock has increased by around 20% since it closed at $275.15 on June 25, pushing the company's valuation to nearly $5...
Apple is preparing to refresh every Mac it sells over the next two years, according to Bloomberg's Mark Gurman.
The plans come amid a Mac resurgence, with sales projected to climb for a third consecutive year, partly thanks to a growing following among users who lean on the machines for demanding, agent-based AI workloads.
The wave of new Macs will begin this fall with a refreshed...
Apple and Klarna are partnering on a new "Apple Upgrade" leasing program set to launch in the U.S. on Tuesday, July 28, according to Bloomberg's Mark Gurman.
The program will allow you to finance most iPhone, iPad, Mac, and Apple Watch models, with a 24-month term for iPhones and Apple Watches and a 36-month term for iPads and Macs. Customers will be able to pay off the device early during...
