Apple Share Price Sets a New All-time High Record $153.12

Apple’s Share Price Sets a New All-time High

Apple Share Price Sets a New All-time High Record $153.12 – Apple Inc. is a multinational technology firm based in the United States that excels in electronics, software, and online services. Following an intraday trading rise, Apple’s stock peaked at a new milestone of $153.12.

The stock of Apple Inc. has grown by 18.32% since the start of 2021, and the share has reached a new all-time high of $153.12 on 25th August 2021. In addition, the tech giant’s market capitalization surpassed $2.53 trillion.

Previously, Apple publicly announced its earnings for the fiscal quarters of January, February, and March of 2021. Apple posted $89.6 billion in sales and $23.6 billion in profit for the quarter. This compares to the company’s revenue of $58.3 billion and profit of $11.25 billion in the same period last year.

This is expected to grow even further as a recent report from new IDC suggests the firm’s smartphone market growth predictions for 2021, worldwide smartphone shipments would reach 1.37 billion units in 2021, indicating a 7.4% annual growth rate. The company predicts a 13.8% increase in iOS devices. That’s more than double the 6.2% increase in Android shipments than anticipated.

Also Read: Apple Inc.: A Tech Giant or an Insurance Company?

So, Apple’s iPhone might grow at roughly twice the rate of its Android competitors, surpassing the overall smartphone market in 2021. Apple is also gearing up to launch its iPhone 13 in the September event, where we can also expect the next generation of AirPods that are expected to be called the AirPods 3.

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