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.

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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.

Tag: AAPL

Top Rated Comments

triton100 Avatar
16 weeks ago

I'm an investor but $30 cases and $1500 phones will do that for you.
No. Making quality products that people love to use will do that for you.
Score: 21 Votes (Like | Disagree)
Bryan Bowler Avatar
16 weeks ago
Been riding the wave since 2007 and what a great ride it has been!
Score: 11 Votes (Like | Disagree)
macguru212 Avatar
16 weeks ago
I tell ya, this fruit company has a bright future!
:p
Score: 9 Votes (Like | Disagree)
Baymowe335 Avatar
16 weeks ago

AAPL = BTC :rolleyes:
Terrible analogy and zero understanding of either.
Score: 6 Votes (Like | Disagree)
Baymowe335 Avatar
16 weeks ago
Congratulations to those who listened to me the last 5 years.

AAPL is now trading at split adjusted $550 after trading at $90 a few years ago. Remember when they stopped reporting unit sales and were “done?”

Long AAPL.
Score: 6 Votes (Like | Disagree)
adamjackson Avatar
16 weeks ago

No. Making quality products that people love to use will do that for you.
I figured someone would take the bait. You don't need to defend Apple. I've been an investor since 1997 and I purchased quite literally everything they've ever made since then including their socks, XServe and even the iPod Hi-Fi and eMac.

They maintain incredibly high profit margins on everything they sell which is my point. I only use their cases but if you can't be real and admit their iPhone cases are grossly overpriced, then we really can't have a discussion.
Score: 6 Votes (Like | Disagree)

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