Home / iPhone / Apple shares hit all-time high in intraday trading, break closing price record

Apple shares hit all-time high in intraday trading, break closing price record

Shares of AAPL hit an all-time high in intraday trading on Friday before closing at $139.07, breaking the previous record set a day earlier.

Apple’s price per share surged to $139.85 on the NASDAQ Friday afternoon, marking an all-time high share price for the Cupertino tech giant. The company also broke a closing price record of $136.87 that was set on Thursday, Jan. 21.

The stock is up more than 5.07% since the last day of 2020. Recent gains are attributed to expectations of a blockbuster holiday quarter, as well as recent reports that Apple plans on building its own self-driving car.

The company’s stock price has rallied nearly 143% since a low of $57.31 on March 20, 2020 — just a couple of weeks after COVID-19 was declared a pandemic.

Apple has thrived during the coronavirus health crisis. Throughout 2020, it set new records across its Mac, iPad, and Services segments as more consumers adjusted to a work-from-home and remote learning environment.

Back in October 2020, the Cupertino tech giant reported record September quarter earnings of $64.7 billion. Signs suggest that its December holiday quarter could see even bigger earnings because of the later-than-usual launch of the iPhone 12 and iPhone 12 Pro.


Source link

About admin

Check Also

Microsoft wants its new Group Transcribe app to replace meeting notes

Microsoft’s new Group Transcribe app is a multilingual tool for taking meeting notes, made exclusively ...

Leave a Reply

Your email address will not be published. Required fields are marked *