What's new
Apple iPad Forum 🍎

Welcome to the Apple iPad Forum, your one stop source for all things iPad. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Apple Stock Soars to 14-Month High

Maura

iPadForums News Team
Joined
Jun 7, 2010
Messages
3,894
Reaction score
261
Location
UK
Apple stocks rise to 14 month high.JPG

iDownload Blog reports on great news for Apple today, with Apple shares hitting $119.95 in intraday trading, which is the highest Apple stock price since the end of 2015.

This is a great turnaround from the 52-week low of $89.47 back in May 2016, and particularly good news following a period of what analyst Brian White referred to as “a never ending waterfall of ‘gloom and doom’” reporting about Apple in recent months, thanks to the company reporting three consecutive quarters of revenue decline, as well as the first-ever drop in iPhone sales.

While Apple stock has been steadily rising since its low last year, it’s not known what exactly led to today’s impressive figures, with some saying that it could be a result of a note distributed to clients today by Cowen and Company’s Timothy Arcuri, where he said that the iPhone 8 may well have a type of facial or gesture recognition feature when it’s released this year.

Source: Apple stock hits 14-month high, its highest price since 2015
 

Most reactions

Latest posts

Top