Apple's Stock Price Officially Crosses the $400 Mark
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 high.
Apple's stock had dropped as low as $224 in late March as concerns mounted over the global health crisis, but it has experienced a strong and steady recovery since, rising over 80 percent in the last four months. Many other large tech companies have experienced similar surges, including Amazon, Microsoft, and Google parent Alphabet.
As part of its earnings release yesterday, Apple also announced that it will be initiating a four-for-one split of its stock in late August. The move will drop the price of a single share of the company's stock to around $100, before accounting for any changes in price between now and the effective date for the split. Current owners of Apple stock will receive three additional shares for each share they own.
Popular Stories
Apple's September 9 iPhone announcement event could become a negative catalyst for the stock, KeyBanc Capital Markets warns.
In a research note seen by Investing.com, KeyBanc said the event could motivate investors to weigh pricing decisions against the impact of higher costs on demand and margins. KeyBanc added that Apple faces a choice to either raise prices broadly to offset gross...
Update 10:04 a.m.: iOS 27 is rolling out now, though it may take a bit for all users to see it, so keep checking!
Apple is about to release iOS 27, which will finally deliver more advanced Siri AI capabilities as well as a variety of other refinements, improvements, and new features to iPhones. It's Apple's biggest software update of the year, and Apple announced at Wednesday's iPhone event...
Update — 10 a.m. Pacific Time: Apple has released iOS 27.
During its iPhone 18 Pro and iPhone Duo event last week, Apple announced that iOS 27 will be released widely on Monday, September 14.
iOS 27 should be available around 10 a.m. Pacific Time / 1 p.m. Eastern Time today via the Settings app, under General → Software Update.
Below, we have highlighted eight new features and...
