After opening Friday morning, Shares of Apple stock briefly grazed the $120 per share mark, setting a new record high for the company in the market (via AppleInsider). AAPL is currently trading around the $119 mark as of writing, giving the iPhone maker a nearly $700 billion market cap.
Apple an**unced its earnings for the first fiscal Quarter of 2015 on Tuesday, reporting $74.6 billion revenue and 74.5 million iPhones sold on the strength of the iPhone 6 and iPhone 6 Plus. Apple Shares previously almost hit today's record high, with a $119.75 price per share, in **vember of 2014, but regressed down to around $110 in the weeks since.
Many analysts remain bullish on Apple's stock, predicting that the company's Shares are undervalued and could trade for up to $130 or higher within the next year. With the immense popularity of the iPhone 6 and 6 Plus only growing, and the confirmation of the Apple Watch's launch this April, such predictions may **t be far off.
01-30-2015, 08:21 PM
Apple Shares Reach New Highpoint Following Record-Breaking Quarter [Mac Blog]
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