Netease Technologies News reported on the evening of October 11 that Apples share price rose to an all-time high on Friday. At 9:58 a.m. New York time, Apple shares rose 1.6%, hitting a mid-day high of $233.82, surpassing the high set about 53 weeks ago, with a total market value of more than $1.05 trillion.
This record is the peak that Apple reached in the year of 2019, when it markedly stopped falling and rebounded. And the start of the year could be said to be totally unpopular, and for the first time in nearly 20 years, Apple has lowered its revenue expectations. Apples move pushed its stock to its lowest level since April 2017.
Since then, Apples stock has almost maintained its upward momentum, rising in seven of the past nine months, not counting the 4% rise so far in October. Apples share price has risen by more than 60% from its January low, and its valuation has returned to more than $1 trillion.
Apple is reinventing itself as a service-based company with streaming video, video games and credit cards. Another change is that the electronics manufacturer, which has always been on the high-end route, began to launch these new businesses and products at lower prices. (passer by)
Source: Liable Editor of Netease Science and Technology Report: Qiao Junyi_NBJ11279