What you need to know
- Apple is now worth more than $1.5 trillion.
- Shares are climbing through a valuation of more than $350.
- Shares jumped yesterday following reports of ARM-based Macs that might get announced at WWDC.
Apple has become the first-ever U.S. company to achieve a valuation of $1.5 trillion after shares climbed 2.5% this morning.
As reported by MacRumors:
After a strong performance yesterday that pushed Apple's stock price to another record high, shares are up over two percent again today. With today's boost, Apple's market capitalization has surpassed $1.5 trillion, making it the first U.S. company to reach that mark.
Yesterday, Apple closed at an all-time-high share valuation following rumors it would announce the move to in-house ARM Macs at WWDC, ditching long time processor partner Intel. From that report:
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 has around 4.3 billion outstanding shares, which, when multiplied by the share price gives the company its mammoth valuation. Apple's share price has endured a torrid few months, falling dramatically in February because of the COVID-19 pandemic and warnings Apple would not meet its Q2 revenue guidance. Now seemingly on the other side of the disruption, the price has enjoyed a meteoric recovery, with the share price climbing nearly $30 in the last week alone.
FAQ: TikTok & WeChat ban — why it’s happening and what it means for you
Are TikTok and WeChat really being banned? When does all of this take effect? Will I still be able to use these apps? All this and more answered in our FAQ regarding the latest U.S. orders.
Plan your day with Hour Blocks and its amazing iOS 14 Home screen widgets
Planning your day is no fun but sometimes you find an app that goes some way to making it less boring. Hour Blocks does a decent job and it looks lovely, too.
Scribble Together gets the coolest iOS 14 App Clip we've seen so far
Scribble Together has released its new App Clip for Scribble Together, which will allow users to collaborate on a Scribble Together whiteboard even if they don't have the app.
Your iPhone 11 Pro will love these screen protectors!
The screen on your new iPhone is very expensive to replace. Because of this, you may want to consider buying an inexpensive screen protector