Year: 2017

Apple Shares Hit all-time High at Closing on Monday

Moday in Nasdaq trading, shares of Apple Inc. (AAPL) rose $1.17, or 0.89%, to hit a new all-time closing high of $133.29. Apple’s previous all-time closing high was $133.00 set on February 23, 2015.

AAPL’s all-time intraday high stands at $134.54, set on April 28, 2015.
Apple’s 52-week low stands at $89.47.

Apple, the world’s most valuable company, currently has a market value of $699.31 billion.

The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – $699.31B
2. Alphabet (GOOG) – $572.913B
3. Microsoft (MSFT) – $500.13B
4. Berkshire Hathaway (BRK-A) – $409.35B
3. Amazon.com (AMZN) – $399.02B

Selected companies’ current market values:
• Facebook (FB) – $387.4B
• Walmart (WMT) – $208.27B
• Disney (DIS) – $173.38B
• IBM (IBM) – $170.55B
• Intel (INTC) – $169.66B
• Cisco (CSCO) – $160.48B
• Taiwan Semiconductor (TSM) – $155.39B
• SoftBank (SFTBF) – $85.20B
• Adobe (ADBE) – $58.13B
• Tesla (TSLA) – $45.14B
• Yahoo! (YHOO) – $43.37B
• Sony (SNE) – $39.11B
• Hewlett-Packard (HPQ) – $27.36B
• Sirius XM (SIRI) – $22.44B
• Advanced Micro Devices (AMD) – $12.5B
• Twitter (TWTR) – $11.22B
• BlackBerry (BBRY) – $3.90B
• Pandora (P) – $3.05B
• RealNetworks (RNWK) – $181.52M

AAPL quote via NASDAQ here.

Could the iPhone 8 be a major surprise? CNBC’s Jim Cramer thinks so

“The iPhone 8, set to be released later this year, is believed to be another game changer. Analysts have speculated that the product’s release could unleash a “Super Cycle” for Apple’s stock, taking it to heights never reached before,” Giovanni Bruno reports for TheStreet. “‘This is the first time that I felt that Apple has something that would make it so that we could be really surprised by what it is,’ TheStreet‘s Jim Cramer said on CNBC’s ‘Squawk on the Street’ Monday morning.”

“Cramer was referring to a Goldman Sachs note in which the firm increased its price target on Apple to $150,” Bruno reports. “Goldman is enthusiastic about not only the iPhone 8’s release but the features geared around 3D and Augmented Reality that may be implemented in the device.”

“But, ‘here is what I don’t like about that call,’ Cramer continued. ‘What that call is basically saying is there will be a valley before we get to the ‘Super Cycle,”” Bruno reports. “Instead, Cramer preferred a separate piece by UBS stating that the market is currently undervaluing Apple’s service revenue, projecting shares higher around 10% if the services were adequately valued.”

Read more in the full article here.

Apple stops sales of LG’s UltraFine 5K Monitor Because of Hardware Issues

Apple has temporarily stopped sales of LG's UltraFine 5K monitor, due to technical problems associated with a lack of proper shielding from wireless interference.

Over the weekend, Apple retail staff were told to keep the product on display yet not sell any units if people asked, according to a Business Insider source. The site added that it heard the same from a representative at a New York Apple store.

Via: AppleInsider.com

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