ISSN 2330-717X

Apple Stock Hits $644.13 After Four-Month Swoon

By

Apple’s stock has hit a new high after a four-month swoon, as investors are looking ahead to the release of a new iPhone model, and possibly a smaller iPad, AP reported.

Already the world’s most valuable company, Apple Inc. saw its stock hit $644.13 in morning trading Friday, August 17 before retreating to $642.

Apple logo
Apple logo

The previous high for the stock was $644, hit on April 10.

Apple has a market value of $602 billion, almost 50 percent higher than No. 2 Exxon Mobil Corp. at $408 billion.

Apple’s stock fell last month after the company’s earnings report for the April-June quarter showed the slowest growth in more than two years. It was only the second time in 10 years that Apple had missed analyst expectations.

Click here to have Eurasia Review's newsletter delivered via RSS, as an email newsletter, via mobile or on your personal news page.

PanARMENIAN

PanARMENIAN Network is the first Armenian online news and analytical agency and one of the most cited Armenian informational resources worldwide.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.