Sunday, 2 April 2017

WSJ: Apple's valuation soared by $144.8 billion during the calendar first quarter

Apple investors are now celebrating the company's best quarter in five years. The three month period expired on Friday, March 31st, and during the quarter Apple's valuation rose by $144.8 billion or 24%. Kicking off the strong buying interest among hedge funds, mutual funds and individual investors was Apple's surprisingly buff fiscal first quarter earnings report which was released on January 31st. The report showed that Apple had sold a record 78.3 million units of the iPhone during the three months, thus ending a short streak of year-over-year declines in iPhone sales.

On January 31st, ...

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