Apple Stocks Hit Record High
Sorry, Zuckerburg.
Apple shares soared to new heights Friday, as anticipation builds over its upcoming products.
Shares in the Cupertino-based tech giant rose 1.85 percent, or $11.77, to close at a company-record $648.11, eclipsing the $644 mark it hit April 10. Apple's market capitalization is around $608 billion, $200 billion more than the next-richest company, Exxon Mobil. Apple stock had been in a four-month slump until this week, though its price is still up 57 percent for the year. Apple missed Wall Street's expectations last month, but excitement is building over the expected releases of a new iPhone, an iPad mini and a long-rumored Apple TV product in the coming months.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?