Apple Stock Hits All-Time High on Earnings Strength
Apple's stock price has hit an all-time high today, surging over 4% at the moment to top $207 per share. The peak eclipses Apple's previous high set in late December 2007. Apple's stock subsequently sank to a low of under $80 per share in late 2008 amid uncertain economic times before rebounding strongly over the past eight months.
Apple's total market capitalization is currently approximately $186 billion, placing the company behind only Exxon Mobil, Microsoft, and Wal-Mart in market cap rankings of American companies.
Apple's stock has seen a significant bump over the past couple of days in the wake of a stellar earnings report on Monday and subsequent price target upgrades from analysts looking ahead to future performance.
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Apple's long-rumored smart home hub will have an iMac G4-style design and a host of unique features, Bloomberg's Mark Gurman reports.
The smart home hub is said to feature a square 6-inch display, with variants that can be placed on a countertop or mounted on a wall. It features a single FaceTime camera on the front, with microphones and speakers in its connected base. Gurman described the...
Apple plans to introduce a series of new smart home products on Tuesday, October 13, according to Bloomberg's Mark Gurman.
Apple reportedly plans to debut its long-awaited smart home hub device, a new HomePod mini, and a new Apple TV on the date. The new HomePod mini and Apple TV are set to retain their existing designs, but tout faster chips to support Siri AI. The new HomePod mini will...
The iPhone Duo is reportedly facing production difficulties ahead of its October launch, with early output expected to be limited.
A person said to be close to Foxconn's supply chain told China's Jiemian News that final assembly yields for Apple's first foldable iPhone were only slightly above 60% as of September 17. The source said that, under Apple's current quality standards, it could...
