Apple's Stock Price Crosses $200 Mark to Reach New All-Time High
Apple shares crossed the $200 mark in intraday trading today, setting a new all-time high for the company's stock.
Apple's stock is up over five percent since the market closed on Tuesday, after the company reported a record-breaking $53.3 billion in revenue, meeting the high end of its guidance and topping Wall Street expectations.
All eyes are on the AAPL ticker as Apple hovers ever so close to a trillion dollar valuation, but the company's precise market cap can't be determined until Apple files its quarterly 10-Q form today with an updated total of outstanding shares.
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Apple shares fell more than 2.5% in early trading today in response to Nikkei Asia's report that the company is cutting iPhone 18 Pro component orders due to weaker-than-expected demand. October orders were reportedly reduced by at least 15%, with higher memory costs and $100 price increases weighing on...
Apple today closed with a market capitalization above $5 trillion, making it the second company to do so after Nvidia.
As noted by The Wall Street Journal, Apple's market cap has exceeded $5 trillion six times before today during intraday trading, but this is the first time the company stayed above the mark at closing.
Apple closed at $342.96, for a market cap of $5.005 trillion. The new...
Loop Capital has lowered its rating on Apple from "Buy" to "Hold," saying the company is unlikely to make up an estimated 13 million iPhone shipments cut from its plans for the second half of 2026, according to Investing.com.
The firm reduced its Apple stock price target from $370 to $330. Loop previously believed shortages of memory and processors had delayed shipments that Apple would...
