Apple's share price closes at new record high of $153.12
Apple's stock price has closed at a new record high of $153.12 on Monday, following an intraday trading rally.
Credit: WikiMedia Commons
The company's stock price climbed 2.75% in trading on Aug. 30. Shares of Apple climbed as high as $153.49 in intraday trading before closing at the new record. Apple's share price has climbed 18.325% since the start of 2021. Wednesday's closing price broke the previous record close of $151.12, which was set earlier in August.
Additionally, the Cupertino tech giant's market capitalization, which is reached by multiplying the stock price but the number of outstanding shares, reached $2.53 trillion.
The Apple rally comes amid rumors that the upcoming "iPhone 13" lineup could support satellite communications. It also comes days after Apple announced a settlement with developers that included new App Store policies, such as loosened rules on app makers communicating directly with their users.
Analysts expect Apple to debut new devices like the "iPhone 13" and the redesigned "Apple Watch Series 7" at a keynote event in the latter half of September. Current forecasts suggest that the iPhone event could take place in the third week of the month.
Apple blew away Wall Street expectations in the June quarter, reporting across-the-board growth and record high Q3 revenue of $81.4 billion.
Read on AppleInsider
Credit: WikiMedia Commons
The company's stock price climbed 2.75% in trading on Aug. 30. Shares of Apple climbed as high as $153.49 in intraday trading before closing at the new record. Apple's share price has climbed 18.325% since the start of 2021. Wednesday's closing price broke the previous record close of $151.12, which was set earlier in August.
Additionally, the Cupertino tech giant's market capitalization, which is reached by multiplying the stock price but the number of outstanding shares, reached $2.53 trillion.
The Apple rally comes amid rumors that the upcoming "iPhone 13" lineup could support satellite communications. It also comes days after Apple announced a settlement with developers that included new App Store policies, such as loosened rules on app makers communicating directly with their users.
Analysts expect Apple to debut new devices like the "iPhone 13" and the redesigned "Apple Watch Series 7" at a keynote event in the latter half of September. Current forecasts suggest that the iPhone event could take place in the third week of the month.
Apple blew away Wall Street expectations in the June quarter, reporting across-the-board growth and record high Q3 revenue of $81.4 billion.
Read on AppleInsider
Comments
the first 3 trillion dollar companies.
Sincerely-
Apple stock holder.
https://www.fool.com/investing/2021/08/30/why-apple-stock-jumped-to-new-all-time-high-today/
Same as I've started following crypto a bit. It really highlights the people side of economics (vs the math/science side), where we must be pretty irrational creatures.
"The market can stay irrational longer than you can stay solvent."
They've proven pretty hardy against recessions and have the cash moat to survive most non apocalyptic downturns. With only .5 billion to go I'd put my money on them crossing 3 trillion soon, with the other suspects also likely to.
But, a lot of traditional investments might be in trouble when everything crashes... maybe even Apple.
Exactly. Then couple that with all the societal instability. I think at this point, it would take a miracle NOT to have a massive crash (or much worse) in the coming decades.
Me, yeah. But, overall, I think that idea is based on a pretty short history of relatively good times (yes, even including world wars and a lot of bad stuff). I don't think we've seen anything yet (nor have several generations). I sure hope I'm wrong, but I think we're looking at fall or Rome level stuff at least.
Except for those apocalyptic downturns, yeah. People are still going to need cars and computers (most likely), but such a shake-up could even shake up the currently most stable things, would be my guess.
Yeah, that's more like I was trying to (maybe unsuccessfully) express earlier. While I'm far from any expertise in the field, when I watch the markets, or now cryptos, etc. they don't so much independently move. The entire field moves, based off events happening in the world that may or may not have much of any impact on the performance of individual stocks, companies, cryptos, etc.
As was said earlier, think of it more like people with huge pots of money they are trying to stick someplace, rather than looking at how/what XYZ Corp is actually doing. That's why I always liken it more to gambling than investment. Investment would be paying a lot more attention to what XYZ Corp is doing.