AAPL hits new closing high of $227.63, capping historic August for the company

article thumbnail

Apple, which began August by hitting $200 a share and crossing the trillion-dollar valuation mark the following day, hit another new all-time closing high of $227.63 on August 31.

The rally capped off an historic month for Apple, ahead of the expected arrival of a new iPhone lineup and other new hardware on Sept. 12. The price had reached as high as $228.78 on Friday morning.

The stock performance can best be attributed to lots of good news for the company and very little bad news.

On August 1, one day after a positive quarterly earnings report, Apple's stock hit $200 a share for the first time since the 2014 stock split. The next day, Apple became the first American company in history to reach a market capitalization of $1 trillion.

Later in August, investor Warren Buffett announced that he had once again upped his Apple stake, and a leak appeared of two iPhone models that are expected as part of this fall's lineup of that key Apple product.

As a result, the stock climbed steadily throughout the month, from the $200 milestone on the 1st to $227.63 on the 31st. It's just the latest of several times this year Apple has broken its all-time high valuation.

 

Latest News





Latest Videos

article thumbnail

Beats Studio Buds, AppleCare, and Antitrust — This Week in Apple



article thumbnail

The best new features in macOS Monterey that you'll actually use



article thumbnail

Files app gets much better thanks to iPadOS 15




Latest Reviews





article thumbnail

What to expect from WWDC 2021 - and what not to