Apple's Stock Reached New All-Time Highs This Week

Apple's stock closed at an all-time high price of $144.57 on Wednesday and continues to extend its gains this week, reaching a new intraday high above $145 in trading today. Apple shares have risen around 17% since the start of June.

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The stock market gains come ahead of Apple's third quarter earnings results, which will be reported on July 27. Apple unveiled several new products during the quarter, including the AirTag and new models of the iPad Pro, iMac, and Apple TV in April, and previewed major new software updates like iOS 15 and macOS Monterey at WWDC in June.

Apple's market cap is approaching a staggering $2.5 trillion, making it the world's most valuable tech company. Microsoft joined Apple in the $2 trillion valuation club for the first time last month, with gains extending to several major tech stocks.

According to Yahoo Finance, analysts on average expect Apple to set a new third quarter revenue record of $72.9 billion, up around 22% from $59.7 billion in the year-ago quarter. Apple's CFO Luca Maestri cautioned that supply constraints could have a revenue impact of $3 billion to $4 billion in the third quarter, with industry-wide chip shortages affecting supply of iPads and Macs, which could impact the results.

Tag: AAPL

Top Rated Comments

jcswim312 Avatar
3 weeks ago
I bought a lot of Apple stock in May of last year in my IRA and have been holding it since

Hopefully it continues to go up even further- I’m keeping it as a long term investment
Score: 21 Votes (Like | Disagree)
iBug2 Avatar
3 weeks ago
I bought at 130$ 3 weeks ago. Guess it's still a good time to buy AAPL.
Score: 14 Votes (Like | Disagree)
TheYayAreaLiving Avatar
3 weeks ago
Congratulations Apple! Well deserved!! Best company in this planet.

Let’s release new hardware products please.
Score: 13 Votes (Like | Disagree)
senttoschool Avatar
3 weeks ago
Apple Silicon going to take Apple to the moon ?
Score: 12 Votes (Like | Disagree)
DeepIn2U Avatar
3 weeks ago

I bought at 130$ 3 weeks ago. Guess it's still a good time to buy AAPL.
some of us had it a bit longer, surviving the dips $ cost averaging. For me it's about the long term dividends and splits. For now NVidia is proving a LOT more profits the last 5wks and upcoming 4-1 split for those on ownership up to 6.29th. 6 more days for the split.

More importantly is all these lawsuits has NOT destroyed confidence in Apple's business etc. Apple remains strong.
Score: 11 Votes (Like | Disagree)
armhol Avatar
3 weeks ago

Almost exactly 10 years ago, I bought 8 shares of AAPL. Today, that amount is worth 100x my investment. My only complaint is that I didn't buy 80 shares ha.
I bought 2000 shares after Steve came back on board. I knew he'd turn things around so jumped in @ $28 a share around 2003. Adjusted for splits that is now £0.28 a share. I held them until March 2019, (riding some scary dips during that time) when i sold them all. Bought back in during the dip at two thirds of what i sold for and ended up with 2700 shares. Best thing i ever did! $560 becomes $390,000.
Score: 10 Votes (Like | Disagree)

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