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.
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.
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Macs and iPads are selling in record numbers as people continue to work and learn from home. According to Apple's latest earnings report for the third fiscal quarter of 2021 (second calendar quarter), Apple's Mac category brought in $8.8 billion, up from $6.5 billion in the year-ago quarter. Sales were just a bit down from the second fiscal quarter of 2021, when Apple's Macs brought in $9.1 ...
Apple's services category, which includes the App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, Apple Fitness+, and more, saw another quarter of incredible growth according to Apple's earnings results for the third fiscal quarter of 2021 (second calendar quarter).
Services brought in $17.5 billion during the quarter, up 33 percent from $13.2 billion in the year-ago...
Apple today announced that it plans to hold its quarter three earnings call for the 2021 fiscal year on July 27, 2021. During the third quarter, which includes late March through late June, the company made several major announcements, including brand new iPad Pros, redesigned 24-inch iMac, AirTags, and a new Apple TV. Additionally, the company held its annual Worldwide Developers...
Apple has leaped from third to first place for profit and from twelfth to sixth place for revenue in the Fortune Global 500 rankings of the world's biggest companies.
After reaching a record high of $33.3 trillion in last year's rankings, total revenue for the world's biggest companies fell 4.8 percent to $31.7 trillion this year. Even so, the combined sales of all of the companies on the...
While the iPad has long been the world's most popular tablet, newly published market research helps put Apple's lead into perspective.
According to estimates shared by research firm IDC, Apple shipped 12.9 million iPads in the second quarter of 2021. By comparison, IDC estimated that Samsung and Amazon shipped a combined 12.3 million tablets in the quarter, suggesting that Apple shipped more...
During today's earnings call covering the third fiscal quarter of 2021 (second calendar quarter), Apple CFO Luca Maesteri said that Apple is expecting supply constraints to affect the iPhone and the iPad in the coming quarter.
"The supply constraints that we've seen in the June quarter will be higher in the September quarter," said Maestri. The constraints will impact iPhone and iPad sales...
TikTok has become the first non-Facebook app to reach three billion downloads worldwide across iOS and Android, according to Sensor Tower.
Sensor Tower Store Intelligence data reveals that the app, including its Chinese iOS version called Douyin, was the most downloaded and highest-grossing non-game app globally in the first half of 2021, reaching 383 million first-time installs and an...
Apple's Wearables, Home, and Accessories category saw strong growth during the third fiscal quarter of 2021, Apple CEO Tim Cook said during today's earnings call. The category brought in $8.8 billion, up 36 percent from $6.5 billion in the year-ago quarter. According to Cook, the category set a new all-time June quarter revenue record.
Wearables, Home, and Accessories includes the Apple...
As people continue to work and learn from home, Macs and iPads are selling in record numbers, according to Apple's latest earnings report for the second fiscal quarter of 2021 (first calendar quarter).
Apple's Mac category brought in $9.1 billion in revenue, up from $5.4 billion in the year-ago quarter. As for iPads, Apple saw iPad revenue of $7.8 billion, up from $4.4 billion in the...
Apple today announced financial results for the third fiscal quarter of 2021, which corresponds to the second calendar quarter of the year.
For the quarter, Apple posted revenue of $81.4 billion and net quarterly profit of $21.7 billion, or $1.30 per diluted share, compared to revenue of $59.7 billion and net quarterly profit of $11.25 billion, or $0.65 per diluted share, in the year-ago...
Top Rated Comments
Hopefully it continues to go up even further- I’m keeping it as a long term investment
Let’s release new hardware products please.
More importantly is all these lawsuits has NOT destroyed confidence in Apple's business etc. Apple remains strong.