AAPL has hit a new all-time high following impressive quarterly results

Tim Cook (Image credit: Apple)

What you need to know

AAPL has hit a new all-time high.
A share sits at $409.34 currently.
This after an impressive quarterly report yesterday.

Apple shared its quarterly earnings yesterday and the numbers seem to have pleased Wall Street. So much so that AAPL is trading at an all-time high of $409.34 at the time of writing.

What made everyone so happy? Apple sold a ton of iPhones and its services are doing pretty well, too. Same old, same old.

The quarter saw net iPhone sales hit $26.4 billion, up about $500 million from the previous year, while services hit $13.2 billion, up nearly $2 billion from a year ago. iPad, Mac, and wearables sales figures were also up during Q3 over the same period in 2019.

On the back of yesterday's results, Apple has also announced a 4-1 stock split, reducing the price of a single share to around $100 when the change happens on August 31.

If you're looking for the full rundown of how yesterday's earnings call went down, we got you. We have a full transcript of the entire thing just waiting for your eyeballs.

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.