AAPL

By MacRumors Staff

AAPL Articles

Apple Loses $2 Trillion Status Following Largest One-Day Loss in Market Value of Any Company Ever

Friday September 4, 2020 8:05 am PDT by
Following several months of explosive growth, Apple's stock came crashing down on Thursday, dropping around eight percent in a single day. It was the worst day of trading for technology stocks as a whole since March. Apple's market capitalization slid over $180 billion as a result of the sell-off, marking the largest one-day loss in value for any company ever, according to Barron's. The...

Apple Shares Rise as Trading Begins Following Four-for-One Stock Split

Monday August 31, 2020 6:45 am PDT by
Apple's four-for-one stock split takes effect today, with the company's share price dropping from roughly $500 to around $125 as of the start of trading this morning. The strong rise in Apple's stock price over the past five months has continued today, with shares trading nearly 3% higher in the first few minutes of trading. Apple shares have pared their gains since then, but are still up...

Apple's Share Price Soars Past the $500 Mark

Monday August 24, 2020 6:32 am PDT by
After becoming the first U.S. company to reach a market capitalization of $2 trillion last week, Apple's stock continues to soar as investors pour money into the company. Apple's stock officially opened this morning above the $500 mark, up another 3.5% to $515. Apple and other tech heavyweights have seen their share prices rise significantly since market lows in March, with Apple more than...

Apple's Stock Approaching $500 Mark After Becoming $2T Company

Friday August 21, 2020 9:11 am PDT by
Just two days after becoming a $2 trillion company, Apple continues to experience impressive momentum on the stock market, with shares in the company rising around four percent in intraday trading as of writing. Apple's stock price is quickly closing in on the $500 mark and has more than doubled since bottoming out at $224 in late March. Despite the global health crisis, the company set a...

Apple Shares Could Surge Another 27%, Says Wedbush Analyst

Friday August 21, 2020 8:16 am PDT by
After reaching a market value of two-trillion dollars earlier this week, Apple may yet surge by another 27 percent, according to Wedbush analyst Daniel Ives (via BusinessInsider). Ives believes that Apple has the potential to make further significant gains over the next year, even though the company has already hit the milestone two-trillion dollar valuation. He has classified Apple stocks ...

Warren Buffett's Stake in Apple Approaching a Quarter of Berkshire Hathaway's Entire Market Value

Wednesday August 19, 2020 9:11 am PDT by
Warren Buffett's $113 billion stake in Apple is approaching a quarter of his investment firm Berkshire Hathaway's entire market value, according to Business Insider. Adding in Berkshire Hathaway's $147 billion in cash assets, Apple and cash represent over half of the firm's market value. Berkshire Hathaway held approximately $260 billion in cash and Apple stock at the last count,...

Apple's Market Value Hits $2 Trillion

Wednesday August 19, 2020 7:56 am PDT by
Apple's stock price is continuing to surge, and has risen over one percent today to push the company past $2 trillion in market capitalization by surpassing the $467.77 mark and briefly topping $468. Apple is the first U.S. company to achieve that milestone. Just over two months ago, Apple became the first U.S. company to reach a market capitalization of $1.5 trillion, and Amazon and...

Warren Buffett's Stake in Apple Tripled in Value to Over $100 Billion

Monday August 3, 2020 5:01 am PDT by
Investor Warren Buffett's stake in Apple has tripled in value to be worth over $100 billion, reports BusinessInsider. The Berkshire Hathaway CEO spent $35 billion to acquire 250 million Apple shares between 2016 and 2018, according to his 2019 shareholder letter. Buffett has since sold some of his Apple holdings, and at last count owned 245 million shares, worth more than $104 billion....

Apple's Stock Price Officially Crosses the $400 Mark

Friday July 31, 2020 6:44 am PDT by
Following yesterday's strong earnings report, Apple's stock price has officially broken through the $400 mark in regular trading today, rising over 5% to sit at roughly $406. Apple's share price rose above $400 during after-hours trading yesterday following the earnings release, but now that the mark has been breached during regular trading, it's considered official as an intraday all-time...

Apple to Announce Q3 2020 Earnings on July 30

Monday July 13, 2020 4:49 am PDT by
Apple has announced that it will report its earnings results for the third quarter of fiscal 2020 on Thursday, July 30. The quarter began on March 29, just over two weeks after the World Health Organization declared COVID-19 a global pandemic. Apple did not provide guidance for the quarter due to these uncertain times, but analysts expect the company to report revenue of $51.4B on average,...

Apple Becomes First U.S. Company to Hit $1.5 Trillion in Market Value

Wednesday June 10, 2020 8:35 am PDT by
After a strong performance yesterday that pushed Apple's stock price to another record high, shares are up over two percent again today. With today's boost, Apple's market capitalization has surpassed $1.5 trillion, making it the first U.S. company to reach that mark. Market capitalization is simply the share price multiplied by the number of outstanding shares of the company's stock,...

AAPL Shares Hit New All-Time Closing High

Wednesday June 10, 2020 3:03 am PDT by
Apple shares climbed to an all-time high at the close of Nasdaq trading on Tuesday, rising $10.53, or 3.16 percent, and hitting $343.99 per share. Apple now has a market value of almost $1.491 trillion. Despite a bumpy start to the year, tech stocks have fared well during the global health crisis. Apple saw its stocks fall in February and March due to supplier constraints, store closures,...

Apple's Stock Price Hits a New All-Time High [Updated]

Friday June 5, 2020 7:06 am PDT by
Roughly four months after hitting an all-time high just before financial markets and economies faltered in the face of the current public health crisis, Apple's stock price has returned to those levels and has set a new all-time high today. Apple's previous intraday high of $327.85 was set on January 29, and that high-water mark was surpassed just a few minutes ago as it hit $328.00 before...

Lawsuit Accusing Apple of Hiding Weakening iPhone Demand Prior to Early 2019 Revenue Warning Allowed to Proceed

Wednesday June 3, 2020 9:19 am PDT by
U.S. federal judge Yvonne Gonzalez Rogers this week ruled that a class action lawsuit accusing Apple of fraudulently concealing weakening demand for iPhones between August 2017 and January 2019 can proceed in part, as reported by Reuters. In January 2019, Apple lowered its revenue guidance to $84 billion for the first quarter of its 2019 fiscal year, down from its original forecast of $89...

Apple's Earnings Report Today to Reveal COVID-19's Impact on iPhone Sales

Thursday April 30, 2020 6:11 am PDT by
Apple will report its financial results for the second quarter of its 2020 fiscal year at 1:30 p.m. Pacific Time today, providing a first look at how the company's sales have been affected by the global health crisis. On February 17, Apple announced that it no longer expected to meet its March quarter revenue guidance due to COVID-19's impact on the iPhone supply chain and demand for its...

Apple's Stock Has Plunged 25% in Just Over One Month Amid Coronavirus Pandemic

Monday March 16, 2020 6:44 am PDT by
Apple's stock opened at $241.31 today, down over 25 percent from a closing price of $327.20 on February 12. After the opening bell, stock market trading was automatically suspended for 15 minutes due to an over seven percent decline in the S&P 500. Apple's stock price has seen wild fluctuations due to the COVID-19 coronavirus pandemic, with shares now rebounding above $250 on the intraday...

Apple's Stock Plunges $20 as Stock Market Trading Temporarily Halted After Opening Bell

Thursday March 12, 2020 6:44 am PDT by
Apple's stock opened at $255.94 this morning, down nearly $20 from a closing price of $275.43 on Wednesday, as the COVID-19 coronavirus pandemic continues to result in wild fluctuations on the stock market this week. The broader S&P 500 index dropped over seven percent shortly after the opening bell this morning, triggering an automatic suspension of trading for 15 minutes. Apple like...

Apple Stock Rebounded Monday to Record Biggest Single-Day Move in 11 Years

Tuesday March 3, 2020 3:32 am PST by
AAPL shares surged 9.3 percent on Monday as the U.S. stock market rebounded and Apple's rating was upgraded by an analyst who said the company was more prepared than its competitors to absorb the impact of the coronavirus outbreak (via Reuters). Oppenheimer raised its rating on Apple stock from "perform" to "outperform", arguing that the stock had become too cheap since its 16.5 percent...

Apple's Stock Price Experiencing Major Fluctuations Amid COVID-19 Coronavirus Outbreak

Friday February 28, 2020 8:47 am PST by
Apple's stock has been on a rollercoaster ride today since opening at $257.26, with shares rising as high as $278.41 within a span of a few hours before quickly plummeting as low as the $260s. At times, the price has swung by as much as $10 in both directions in a matter of minutes in what has been a volatile trading session. Apple's stock is still down significantly from its all-time high...

Apple Comments on iPadOS Future, Coronavirus, Apple TV+ and More at Shareholders Meeting

Wednesday February 26, 2020 9:58 am PST by
Apple's annual shareholders meeting took place this morning at the Steve Jobs Theater on the Apple Park campus, and while most of the focus was on shareholder proposals, Apple executives in attendance did have a few interesting tidbits worth sharing. Shareholders meetings have limited space and shareholders need to register in advance to attend, but multiple people who were there shared...