AAPL hits all-time record high stock closing price of $331.50
Following four months of coronavirus impact, Apple's stock closed at an all-time high on Friday, clocking in at $331.50 at the end of trading.
Credit: Fabrik
The new record comes just one week after Apple's stock price fully recovered from a coronavirus-related hit. It's been a tumultuous year for Apple as the company wasn't immune to a broad economic downturn amid the global health crisis.
Supply chain and demand issues in China, where COVID-19 originated, pushed Apple to warn investors on Feb. 17 that it would likely miss revenue guidance for the March quarter.
As the broader financial markets began plummeting in February and March amid lockdowns and stay-at-home orders, Apple's own price took a beating -- reaching a low point of $224.37 on March 23.
Apple's share price started to recover in April, after supply and demand began normalizing in China and the rest of the world began transitioning to a new era of remote work and education. Shares of AAPL climbed back past $300 in early May, after a better-than-expected earnings report for the March quarter.
By late May, Apple's share price was back to pre-crisis levels. And, on Friday, the company's stock set an all-time high.
Many financial analysts believe Apple is well-positioned to ride out economic uncertainty in the current pandemic, with at least two analysts predicting that the Cupertino tech giant could be the first to hit a $2 trillion valuation within five years.
Credit: Fabrik
The new record comes just one week after Apple's stock price fully recovered from a coronavirus-related hit. It's been a tumultuous year for Apple as the company wasn't immune to a broad economic downturn amid the global health crisis.
Supply chain and demand issues in China, where COVID-19 originated, pushed Apple to warn investors on Feb. 17 that it would likely miss revenue guidance for the March quarter.
As the broader financial markets began plummeting in February and March amid lockdowns and stay-at-home orders, Apple's own price took a beating -- reaching a low point of $224.37 on March 23.
Apple's share price started to recover in April, after supply and demand began normalizing in China and the rest of the world began transitioning to a new era of remote work and education. Shares of AAPL climbed back past $300 in early May, after a better-than-expected earnings report for the March quarter.
By late May, Apple's share price was back to pre-crisis levels. And, on Friday, the company's stock set an all-time high.
Many financial analysts believe Apple is well-positioned to ride out economic uncertainty in the current pandemic, with at least two analysts predicting that the Cupertino tech giant could be the first to hit a $2 trillion valuation within five years.
Comments
Did I miss any?
Just kidding, everyone is entitled to his/her own opinion and you offered up a softball...
The one thing I would say though, is that even if you believe that Apple is a lifeless corpse without one of its cofounders at the helm, Apple has risen to heights under Steve's personally hand picked successor that Steve himself probably never could have imagined. Apparently, being "trendy" and "cool" in Apple's case involves enriching the financial portfolios of many millions of shareholders, employees, and suppliers, not to mention the tax man. If what Apple has managed to do under Tim Cook is trendy and cool, that a herd I'm very happy to be associated with. Take that baa baa baa all the way to the bank.
What's the alternative to cool and trendy? Hot and bothered? Warm and backwards? Maybe bland and retro? I'm just not hitting on an alternative that sounds very appealing.
12
Says the committed anti-capitalist who thinks the government should own the means of production.
In my experience of talking to Apple haters over the decades in the flesh it's a mix of ignorance and jealousy. On the web, it's easier for them to vent anonymously. I suspect few happy Apple users spend time on an Android or Windows-centric site posting negative comments. Yet, here they are, all those Google and Samsung users on our site, go figure.
...It does work though. Till it doesn't.