Monday 30 October 2017

Apple shares hit an all-time high as analysts say that iPhone X pre-orders are ahead of expectations

Apple's market capitalization hit an all-time high today when the company's shares hit $168.07 during the NASDAQ trading day. And while the stock closed trading on Monday at $166.72, up $3.67 for the day, Apple's current valuation of  $861 billion brings it closer to being the first company to be worth $1 trillion. To hit that mark, Apple would have to rise 16% to $193.64.

The catalyst for the rally is the strong showing made by the Apple iPhone X once pre-orders were opened up Friday morning. Apple said that orders for the tenth anniversary model were "off the charts," and that the ...

No comments:

Post a Comment