What you need to know
- Apple's market capitalization has reached an all time high of $1.04 trillion.
- News comes as AAPL stock crossed $230 yesterday.
- AAPL has recorded growth of 43% YTD.
AAPL stock yesterday crossed the $230 share price threshold to set a new all-time market capitalization record of $1.04 trillion. The news comes off the back of extremely strong iPhone 11 performance since the release of the new device in September. The device is selling so well that Apple has had to increase production by up to 10%.
According to a report from Coinspeaker:
Already, AAPL has been crowned the best performing stock on the Dow Jones Industrial Average (DIJA) so far, as it has recorded YTD growth of over 43%. On Oct. 10, prices slightly crossed $230, setting a new dividend-adjusted all-time high and cemented a new market cap of $1.04 trillion.
The news marks what has been a frankly astonishing year for Apple's stock. Investors and analysts left and right have issue ever-increasingly bullish predictions about the target share price for Apple, with one firm, Canaccord Genuity issuing a target price of $260!
The moment AAPL achieved its new Market Cap record
The news comes in advance of Apple's earnings called planned for 30 October, 2019, where the consensus EPS forecast for earnings per share is set at $2.83, according to Nasdaq.
Whilst is there is some trepidation that tariffs could weigh down on Apple's iPhone unit sales in December, the overall outlook for Apple and its cash pile looks pretty fantastic.
We may earn a commission for purchases using our links. Learn more.
This Navy Blue iPhone 12 Pro concept shows Midnight Green is so last year
Rumors of a Navy Blue iPhone 12 Pro have circulated a few times and we're right here for it. After watching this concept, you will be as well.
Appeals court dismisses anti-conservative bias lawsuit against Apple
An appeals court has dismissed a lawsuit claiming Apple, Google, Facebook, and Twitter were biased against conservative views.
Apple TV+ lands its biggest film yet
Apple TV+ has landed the right to 'Killers of the Flower Moon', a Martin Scorsese film starring Robert De Niro and Leonardo DiCaprio.
If you're in need of a CD drive for your new Mac mini, these are the best!
Just as there's still a need for home printers, there are still cases where you need a good ole' optical drive for your Mac mini. We've compiled some of the best options to fit whatever your needs might be.
