Apple's Stock Closes at All-Time High of $300.35

[hepek]

Apple's Stock Closes at All-Time High of $300.35

Apple's stock (AAPL) closed at an all-time price of over $300 today.

The company's shares shot up 2.28% to a record price of $300.35 at the bell and have continued to rise to over $301 in after market trading.

A year ago, Apple was trading at around $142. Investors were concerned about slowing sales, production cuts, and lacklustre performance in China. Now a strong economy and growing revenue from wearables and services like iCloud, Apple TV+, Apple Music, and AppleCare have led to renewed optimism.

Additionally, Apple is poised to release a 5G iPhone by the end of the year which could lead to a significant upgrade cycle as customers look to benefit from faster download speeds, real-time responses, and enhanced connectivity.

Check out AAPL's impressive run in the charts below:

aapl2019.jpg

aapl2019_02.jpg

Source