Affiliate Disclosure
If you buy through our links, we may get a commission. Read our ethics policy.

Apple shares close at record high, market cap hits $2.4 trillion

Apple's stock price closed at $144.57 on Wednesday, an all-time record high that breaks the previous record closing price set in January.

The Cupertino tech giant's share price rallied 1.8% on Wednesday before hitting the record close. Overall, Apple's share price rose for the seventh day straight, the company's longest streak.

Apple's closing share price of $144.57 on July 7 eclipsed the previous high set in January 2021. It is still slightly below an intraday record of $145.09, which was also set in January.

Apple's total market capitalization has now hit $2.4 trillion. Its shares have surged about 9% this year, below that of other technology firms. The S&P 500 Index, to which Apple is the biggest contributor, gained 16%.

The new record comes amid optimism about Apple's growth outlook and expectations that iPhone sales could continue to climb in the next six months.

In May, analyst Katy Huberty forecast that Apple could report a better-than-expected June quarter. The period is typically Apple's slowest, but Huberty believes the company could outperform Wall Street expectations.

The Cupertino tech giant will report its fiscal third quarter earnings on Tuesday, July 27.

Keep up with everything Apple in the weekly AppleInsider Podcast — and get a fast news update from AppleInsider Daily. Just say, "Hey, Siri," to your HomePod mini and ask for these podcasts, and our latest HomeKit Insider episode too.

If you want an ad-free main AppleInsider Podcast experience, you can support the AppleInsider podcast by subscribing for $5 per month through Apple's Podcasts app, or via Patreon if you prefer any other podcast player.

14 Comments

red oak 14 Years · 1113 comments

Light the after burners.   We are going to the Moon 🌙 

1 Like · 0 Dislikes
KTR 5 Years · 280 comments

Let hope the stock market stays on the upswing.  

1 Like · 0 Dislikes
iOS_Guy80 6 Years · 948 comments

A tremendous company, with superb management that keep creating software, innovative hardware and services that people seek and use daily. 

1 Like · 0 Dislikes
Japhey 7 Years · 1773 comments

Follow the insider traders. 

1 Like · 0 Dislikes
sflocal 17 Years · 6161 comments

My AAPL thank you.

To all you that continue to question Tim Cook's leadership - screw you.

9 Likes · 0 Dislikes