AAPL closed at an all-time high, possibly thanks to ARM Mac hopes

Apple announcing the A12 Bionic
Apple announcing the A12 Bionic (Image credit: iMore)

What you need to know

  • AAPL closed yesterday at a new all-time high.
  • Shares sat at $343.99 at the close of trading.
  • This on the day Apple was said to have ARM Macs ready to be announced.

Yesterday saw Apple shares close at an all-time high, sitting pretty at $343.99 apiece. That in turn gave Apple a market value of almost $1.5 trillion.

While all tech stocks are doing well at the moment, Apple's particular surge is of note because it comes on the same day that rumors broke of a big new Mac announcement, potentially happening this month. Rumors of Macs with ARM processors inside aren't new, but a report that they'll be announced during WWDC has the market abuzz. And it's sure unlikely to hurt Apple's share price, too.

Apple's reliance on Intel for its Mac chips has long been an issue. Intel chips are costly, power-hungry, and prone to running on the warm side. A switch to Apple-designed A-series ARM chips would wipe those concerns out why also having one important benefit – they should be blazing fast, too.

Aapl June 9 2020 Graph

Aapl June 9 2020 Graph (Image credit: Yahoo!)

Apple's A-series chips have long been pushing iPhones and iPad Pros into MacBook Pro and iMac territory in terms of performance. And they're chips that have been tweaked for power and heat performance. Imagine what Apple could do with a giant heatsink and fans thrown into the mix.

Apple's switch to ARM Macs looks increasingly likely And it's sure to be a big deal for its share price as much as its users moving forward.

We're hoping for an announcement during WWDC on June 22.

Oliver Haslam

Oliver Haslam has written about Apple and the wider technology business for more than a decade with bylines on How-To Geek, PC Mag, iDownloadBlog, and many more. He has also been published in print for Macworld, including cover stories. At iMore, Oliver is involved in daily news coverage and, not being short of opinions, has been known to 'explain' those thoughts in more detail, too.

Having grown up using PCs and spending far too much money on graphics card and flashy RAM, Oliver switched to the Mac with a G5 iMac and hasn't looked back. Since then he's seen the growth of the smartphone world, backed by iPhone, and new product categories come and go. Current expertise includes iOS, macOS, streaming services, and pretty much anything that has a battery or plugs into a wall. Oliver also covers mobile gaming for iMore, with Apple Arcade a particular focus. He's been gaming since the Atari 2600 days and still struggles to comprehend the fact he can play console quality titles on his pocket computer.