Source: Apple
What you need to know
- Apple has recorded a new all-time high share price.
- The share price jumped to $327.90 shortly after opening this morning.
- It also marks the full recovery from Apple's COVID-19 induced slide over the last few months.
Apple's share price has cracked a new all-time high of $327.90 this morning, marking a full recovery from its pre-coronavirus price of $327.20.
Yesterday, AAPL closed as $322.32, enjoying positive signs in after-hours trading, before a sharp opening jump this morning. 50 minutes or so after the open, the share price of AAPL jumped to almost $328, marking a new all-time high and also the full recovery of Apple's share price since the start of the pandemic.
Apple of course enjoyed a torrid start to 2019, advising that it would not meet its revenue guidance. Over the course of the following 12 months, Apple's share price rose and rose, topping out at $327 (and change) on February 12.
Just five days later, Apple advised that due to the evolving coronavirus pandemic, it would not meet its Q2 revenue guidance. Over the next four weeks, the share price fell to $224, wiping off much of the previous year's growth. Following a better-than-expected performance in its Q2 earnings call, Apple has since found itself on the road to recovery. This morning's peak marks the culmination of AAPL recovering all of its pre-COVID-19 value.
Following the sharp jump, the stock has leveled out at just over $326, up 1.21%
Recently, analysts have pushed their AAPL target share price to $340 citing strong App Store sales that may sustain beyond the pandemic. Looking even further ahead, Evercore ISI's Amit Daryanani predicts that over the next four years Apple will break a $2 trillion valuation.
App Store prevented $1.5bn in fraud last year, removed 150,000 spam apps
Apple's App Store helped to prevent $1.5bn in potentially fraudulent transactions last year, whilst its App Review process saw nearly 2 million rejections, removing 150,000 apps that were considered spam or tried to mislead customers into making purchases.
Apple TV+ thriller 'Lisey's Story' gets its disturbing first trailer
Apple TV+ has shared the first trailer for the upcoming Stephen King thriller Lisey's Story.
Applications open for Detroit Apple Developer Academy
The Apple Developer Academy in Detroit is now accepting applications from both students and mentors who wish to study take part in the program either learning or mentoring students.
How will you attach your AirTag to the item you wish to track?
Apple's AirTag doesn't have any hooks or adhesive for attaching to your precious items. Luckily there are plenty of accessories for that purpose, both from Apple and third parties.