Apple’s stock continued its historic rise today by setting a new all-time intraday high before closing at its highest price ever.
Thanks to an improved rating from Wall Street investment firm Goldman Sachs, Apple shares have been on the rise this week. Today shares were trading above the previous intra-day record high of $134.54 set on April 28, 2015.
AAPL on the rise
Shares closed for the day at $135.01, setting new records for the intra-day high and closing high. Yesterday, Apple topped its previous all-time high of $132.54 that was recorded on May 17, 2015.
Investors have become bullish on Apple stock in recent weeks due in part to the company’s record-shattering Q1 2017 earnings report. Analysts at Goldman Sachs also expect Apple to bring in monstrous profits in 2017 with the new iPhone 8 which is expected to be the most feature-rich iPhone ever.
Rumors on the iPhone 8 have already started heating up. New features are rumored to include an all-new glass casing design, retina scanning, wireless charging, Touch ID embedded into the display, improved cameras, a faster A11 processor and possibly some augmented reality tech. The new iPhone isn’t expected to be unveiled until the Fall, but a bevy of new products are likely to be announced by Apple in the months leading up to the biggest tech event of the year.