AAPL Stock Sets New All-Time High Following Latest Apple Car Rumors
Right on the heels of a fresh round of rumors about Apple's autonomous car project, Apple's stock price spiked to a new all-time high today, touching $157.87 per share before pulling back slightly.
The previous all-time intraday high was set back on September 7 at $157.26, and Apple's stock is now up over 21% so far in 2021 and 33% over the past twelve months.
Investors are no doubt looking toward the potential impact of Apple's entry into the massive automobile market, but any launch is still a number of years away, with Apple's rumored target of 2025 reportedly seen as optimistic even by some within the company.
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Apple shares closed at a new all-time high today, rising 3.5% to finish the regular trading day at $171.18. Shares have also gained another 1% in after-hours trading, touching $173.
Apple's stock is up over 32% this year and almost 14% in just the past month, with the company reaching a market capitalization of $2.8 trillion.
It's mostly been a fairly steady march upward for Apple shares...
Apple's Car project recently lost one of its engineering directors, with Michael Schwekutsch departing the company to join air taxi startup Archer Aviation.
As discovered by CNBC, Schwekutsch updated his LinkedIn profile to note that he has taken on a role of senior vice president of engineering at Archer. Archer is an aerospace company that is developing an all-electric aircraft that...
Apple CEO Tim Cook's earnings totaled $98.7 million in base salary, stock, and other compensation, according to a statement that Apple filed with the SEC today.
Cook earned a $3 million base salary, and he was provided with stock award of $82,347,835. This stock award is RSUs that will vest over time, and it includes $44.8 million in performance-based stock awards and $37.5 million in...
Apple is providing stock bonuses to some engineers in order to prevent them from moving on to companies like Meta, reports Bloomberg. Last week, select engineers in silicon design, hardware, software, and operations were informed that they would be receiving a $50,000 to $180,000 stock bonus, which Bloomberg says is "unusual and significant."
Most engineers received stock worth $80,000 to...
Apple briefly became the world's first $3 trillion company today based on market capitalization, which is the total value of all of the company's outstanding shares. The milestone came after Apple's stock price rose over 40% in the last year.
The impressive feat, which Apple achieved when its stock price reached the $182.86 mark during intraday trading, came just over 16 months after Apple be...
Much has been said about what consumers could see from Apple in 2022, but the company is also working on a handful of rumored products that aren't expected to be unveiled for at least another 12 months, and in some cases a lot longer. Of course, that's assuming they get released at all. Apple works on many potential products some of which ultimately never see the light of day. With that in...
As Apple gears up to release a fully autonomous vehicle, it is continuing to lose key people who are working on the project, reports Bloomberg. Over the last several weeks, three engineers have departed the company.
Apple's chief engineer for radar systems, Eric Rogers, left for Joby Aviation, a company working on electric aerial ridesharing. Alex Clarabut, an engineering manager for the...
Following months of bleak news about Peloton's "precarious state," including the revelation that it has halted production of its bikes and treadmills, Apple is being floated as a potential buyer of Peloton's troubled fitness business.
Yesterday, CNBC reported that Peloton will temporarily stop production of its connected fitness products due to a "significant reduction" in consumer demand, a ...
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Apple's AirPods have been credited with saving a woman's life after a potentially fatal fall, People reports.
When a 60-year-old florist in New Jersey tripped and hit her head in her studio, she lost consciousness and awoke heavily bleeding. With nobody around to call for help, she realized she had her AirPods in, and used a "Hey Siri" command to call 911. An operator was able to stay on the ...
Apple is working on a number of new products that are set to launch this fall, and Bloomberg's Mark Gurman says that it will be "the widest array" of new devices that Apple has introduced in its history.
In his latest "Power On" newsletter, Gurman explains that Apple is working on four new flagship iPhones (iPhone 14, iPhone 14 Max, iPhone 14 Pro, and iPhone 14 Pro Max), an updated low-end Ma...
Apple has always emphasized the depth of thought that goes into the design of its products. In the foreword to Designed by Apple in California, a photo book released by the company in 2016, Jony Ive explains how Apple strives "to define objects that appear effortless" and "so simple, coherent and inevitable that there could be no rational alternative."
But every once in a while even Apple...
As we roll into the latter half of January, we're starting to hear more about a potential spring Apple event, which is likely to take place in March or April. There are a number of potential announcements on deck, so an event would be a good opportunity for Apple to get them all out there.
We've also been going back and forth on some iPhone 14 rumors, and we've taken a look at a number of...
AT&T today announced the launch of upgraded AT&T Fiber plans, which support speeds of up to 5 Gigabits for some customers. There are two separate plans, one "2 GIG" plan and one "5 GIG" plan, available to new and existing AT&T Fiber subscribers.
According to AT&T, the new plans are available to nearly 5.2 million customers across 70 metro areas including Los Angeles, Atlanta, Chicago, San...
Three months after their launch, the 14-inch and 16-inch MacBook Pros continue to experience high demand and seemingly short supply, with shipping dates for both models stretching into multiple weeks in several of Apple's key markets.
In the United States, the baseline 14-inch MacBook Pro with the M1 Pro chip is estimated to ship in three to four weeks, promising an arrival by at least...
Following months of bleak news about Peloton's "precarious state," including the revelation that it has halted production of its bikes and treadmills, Apple is being floated as a potential buyer of Peloton's troubled fitness business.
Yesterday, CNBC reported that Peloton will temporarily stop production of its connected fitness products due to a "significant reduction" in consumer demand, a ...
Earlier this week, Bloomberg's Mark Gurman tweeted that Apple "will be holding a spring event" to announce a new iPhone SE and other hardware. In a recent edition of his newsletter, Gurman said the event is likely to occur in March or April.
Gurman did not elaborate on what "other hardware" will be announced at Apple's purported spring event, but rumors suggest at least four products are...
Top Rated Comments
Is Microsoft still the most valuable company today? In market value?
Shares are definitely a keeper. Personally, I add at almost every pullback.