AAPL Hits Another All-Time High, Nears $3 Trillion Valuation
Apple’s stock price continues to hit new all-time highs, as Friday trading saw it touch $179.63 per share near the close, before closing at $179.45.
The iPhone maker’s market cap now sits at $2.94 trillion, and is close to surpassing $3 trillion in valuation; this will happen when AAPL shares hit a price of $182.85, according to Yahoo! Finance.
Apple is seeing strong performance from iPhone 12 lineup sales and also high demand for iPhone 13 sales. Wall Street believes Apple’s rumoured moves into the AR/VR headset space, plus the long term possibility of an autonomous vehicle, has resulted in a recent surge in the company’s stock price.
Shares of Apple are up 9.2% in the past five days and have surged 21.36% in the past month and 40.9% in the past six months.