Welcome to the IKCEST
Apple breaks its own record, is worth over $776 billion

Just how valuable is Apple? $776.7 billion, which makes it the most valuable publicly traded company, ever.

Monday's opening stock price of $149.03 per share put the company at the top of the market, passing its previous high of $774.7 billion in February 2015, according to The Wall Street Journal.

Apple's stock prices have hit records multiple times since the 2015 high, but since Apple keeps repurchasing its own shares (there are 5.21 billion shares outstanding) today marks the first time the stock opened at a new market cap high.

This puts Apple in a prime spot in the runup to its tenth-anniversary iPhone, widely rumored to be called the iPhone 8, which is expected to be unveiled in September of this year. Although Apple sold slightly fewer iPhones than the year before (50.8 million versus 51.2 million units), it made more money on the back of the pricier iPhone 7 Plus.

Apple CEO Tim Cook went on the record to say he blames frequent iPhone 8 rumors for the slowdown in iPhone sales, which could mean that buyers are just holding out for the next iPhone's release. So all this iPhone 8 speculation could potentially help Apple's future stock if an even pricier iPhone 8 flies off the shelf.

Apple did not respond to a request for comment.

Original Text (This is the original text for your reference.)

Just how valuable is Apple? $776.7 billion, which makes it the most valuable publicly traded company, ever.

Monday's opening stock price of $149.03 per share put the company at the top of the market, passing its previous high of $774.7 billion in February 2015, according to The Wall Street Journal.

Apple's stock prices have hit records multiple times since the 2015 high, but since Apple keeps repurchasing its own shares (there are 5.21 billion shares outstanding) today marks the first time the stock opened at a new market cap high.

This puts Apple in a prime spot in the runup to its tenth-anniversary iPhone, widely rumored to be called the iPhone 8, which is expected to be unveiled in September of this year. Although Apple sold slightly fewer iPhones than the year before (50.8 million versus 51.2 million units), it made more money on the back of the pricier iPhone 7 Plus.

Apple CEO Tim Cook went on the record to say he blames frequent iPhone 8 rumors for the slowdown in iPhone sales, which could mean that buyers are just holding out for the next iPhone's release. So all this iPhone 8 speculation could potentially help Apple's future stock if an even pricier iPhone 8 flies off the shelf.

Apple did not respond to a request for comment.

Comments

    Something to say?

    Log in or Sign up for free

    Disclaimer: The translated content is provided by third-party translation service providers, and IKCEST shall not assume any responsibility for the accuracy and legality of the content.
    Translate engine
    Article's language
    English
    中文
    Pусск
    Français
    Español
    العربية
    Português
    Kikongo
    Dutch
    kiswahili
    هَوُسَ
    IsiZulu
    Action
    Related

    Report

    Select your report category*



    Reason*



    By pressing send, your feedback will be used to improve IKCEST. Your privacy will be protected.

    Submit
    Cancel