Apple stock hits $153.65 to close at all-time high

Apple stock is on a roll. Shares pushed above $154 during trading and settled on a new all-time high of $153.65 at the bell on Thursday, breaking the previous record set on Monday.

The iPhone maker saw its stock finish up $1.14, or 0.75%, after touching $154.72 in trading today, just short of an intra-day high of $154.98 reached on Wednesday.

With a market capitalization of $2.54 trillion, Apple remains the world's most valuable company ahead of fellow tech industry heavyweights Microsoft and Alphabet.

Apple's continued strong performance comes on the heels of an announcement detailing the first states to partner with the company on a digital ID initiative.

Arizona and Georgia will get first crack at a new Apple Wallet feature that securely store state IDs and driver's licenses for presentation at compatible consoles like those operated by the Transportation Security Administration. Connecticut, Iowa, Kentucky, Maryland, Oklahoma and Utah are expected to follow.

Rumors surrounding Apple's upcoming iPhone and Apple Watch refreshes might also be driving stock prices higher as an anticipated debut nears. Other rumblings making headlines this week include a branded AR/VR headset and the so-called Apple Car.

Recently announced App Store changes, made in response to a developer lawsuit and Japanese government scrutiny, could also be contributing factors in the rally.

7 Comments

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dewme 10 Years · 5780 comments

About 3 years ago

Do those Wall Street folks even read the wave after wave of doom & gloom on Apple forums? Geez, after seeing several people threatening to maybe think seriously about perhaps not upgrading to Apple's soon to be announced new products you'd think they'd be abandoning Apple stock like it has a communicable disease.

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mubaili 13 Years · 454 comments

Why all of a sudden AI is so obsessed with Apple’s stock price and market value?

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crowley 15 Years · 10431 comments

mubaili said:

Why all of a sudden AI is so obsessed with Apple’s stock price and market value?

All of a sudden? This website used to have a stock ticker.

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lkrupp 19 Years · 10521 comments

dewme said:

Do those Wall Street folks even read the wave after wave of doom & gloom on Apple forums? Geez, after seeing several people threatening to maybe think seriously about perhaps not upgrading to Apple's soon to be announced new products you'd think they'd be abandoning Apple stock like it has a communicable disease.

Okay, here’s the deal. Comments made on tech blogs by anonymous scribblers do not in any way reflect the real world. The personalities who post on these blogs are self-styled experts on any tech topic you can imagine. Bias runs rampant on these blogs. From CSAM scanning to AAPL market cap these charaters are to be ignored, dismissed, laughed at, in one ear and out the other. Tech blog denizens are not experts by any stretch of the imagination. They are pretend experts who posture and pontificate. Like you mentioned, most of them are constantly predicting the failure and ultimate demise of Apple. This is their fervent hope and prayer. But they’ve been doing it for over 40 years so...

And yes, I am included in the ‘scribbler’ class.

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davidw 17 Years · 2119 comments

crowley said:

mubaili said:

Why all of a sudden AI is so obsessed with Apple’s stock price and market value?

All of a sudden? This website used to have a stock ticker.

I still remember when this site was posting live, Apple quarterly earnings results as they were announced and the questions being asked and how Apple responded, during the quarter earnings conference call afterwards. Now it takes me half an hour to find out all that was said during the conference calls. And from another site. In the old days, well over 5 years ago, AI was the site I was glued to, when Apple announced their quarterly earnings. Back then, it was as big a deal as Apple announcing new products in a big media event.