What Will Happen When Market Opens?
Apple keeps making headlines. Yesterday, the company shares reached an all-time record close price – not an-all time high mind you, just a record close.
Apple’s shares closed at $133.25[i]. However, the shares’ intraday high of 134.50 set in April 2015 remains unbroken – at least for now.
Even though Apple has reported an annual decline in earnings three quarters in a row, the share is up 14.9% since the beginning of 2017. While last year was full of concerns regarding the company’s reliance of the iPhone sales and the falling sales in China, for now, at least, it looks like investors aren’t too worried… well… at least for now. It’s possible that expectations for a new design and a so-called “supercycle” of people who want to replace their old phones keep the optimism going.
What will happen to Apple share when market opens – and what will happen with the company over the upcoming month?
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Any indication of past performance of a financial instrument is not a reliable indicator of current and/or future performance of such financial instrument.