Apple stock starts the week at new all-time high | Cult of Mac

Apple stock starts the week at new all-time high


Apple's stock is on the rise.
Photo: Buster Hein/Cult of Mac

Shares of Apple Inc. started the week by climbing to a new all-time high today, closing at a record $141.46 per share.

Apple stock has been rising for weeks now thanks to a number of ringing endorsements from mega-investor Warren Buffet and Wall Street firm Morgan Stanley.

Shares closed for the day up 1.47% after the opening price of the stock started at $140.46. Apple has been shattering records multiple times a week lately after topping its previous record high of $132.54 in February.

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 and Morgan Stanley 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.

iPhone 8 rumors have begun to heat up in recent weeks. The device is expected to carry a number of new features, including an all-new glass casing design, facial recognition, wireless charging, Touch ID embedded into the display, improved cameras, and possibly some augmented reality tech. Apple is expected to unveil the iPhone 8 in the fall, but a new lineup of iPads could come out before then which may help push the stock’s price up even higher.