Today in Apple history: Apple stock smashes through $700 barrier

By

bull Wall Street
Like a bull in an ... Apple store?
Photo: Sam Valadi/Flickr CC

September 17: Today in Apple history: Apple stock smashes through $700 a share September 17, 2012: On the back of record iPhone 5 preorders of 2 million in 24 hours, Apple’s stock price hits a new all-time high. For the first time in history, AAPL breaks the $700 mark in after-hours trading. Passing the milestone cements Cupertino’s place as the world’s most valuable publicly traded company.

Amazingly, the new record is $270 a share higher than Apple at the start of the year. The stock rose 65% in just nine months.

Tim Cook gets lucrative reward for his success as Apple CEO

By

Tim Cook interview
"And then I think I'll buy 7 iPhone XS Max units... and a mansion... and a private jet."
Photo: The David Rubenstein Show: Peer to Peer

Apple hit all its performance expectations this year — and CEO Tim Cook is being rewarded for that achievement.

According to a new Securities and Exchange Commission (SEC) filing, Cook has been awarded 560,000 restricted stock options. At present market prices, that equals around $115 million. Not a bad payday!

Apple stock could be in for a massive boost

By

AAPL shakes trade fears
Apple stock has been trending upward throughout 2019.
Photo: CNBC

Apple stock could be about to make some impressive gains. Having been depressed as a result of concerns about possible China tariffs, analysts think it might be about to experience a big value increase.

Analysts for MKM Partners and Rockefeller Capital point out that Apple has weathered the 2019 storm impressively well. Gradually trending upward, if it’s able to maintain it’s momentum we could be in line for some big share price jumps.

Tim Cook makes massive donation to charity

By

Tim Cook talks diversity, sustainability, and coming out as gay
"Don't worry, guys, I found my wallet!"
Photo: Apple

Tim Cook has donated more than $5 million worth of Apple shares to a charity, as revealed by a U.S. Securities and Exchange Commission filing posted this week.

Cook’s decision to give away 23,700 shares of AAPL stock comes one year after he made a similarly sized donation to charity. Apple’s CEO has said that he plans to give away his entire fortune, currently valued at around $625 million.

Today in Apple history: Apple steals a financial record from Microsoft

By

Tim Cook earnings apple
Yet another financial milestone.
Photo: Ste Smith/Cult of Mac

Aug 20: Today in Apple history: Apple passes Microsoft as most valuable publicly traded stock ever August 20, 2012: Apple passes a financial milestone as it becomes the most valuable publicly traded stock ever.

The company it bests to attain this record? Longtime rival Microsoft, which peaked on December 30, 1999. Apple’s surge to the top spot serves as a reminder of just how radically the fortunes of both companies changed over the years.

Apple readying up to 80 million iPhone 11 units for next month

By

iPhone 11 Max on colorful background
Apple's got a whole heap of iPhones ready to unleash on customers.
Photo: Ian Fuchs/Cult of Mac

Apple is readying 75 million 80 million iPhones ahead of next month’s iPhone 11 launch, says Wedbush analyst Daniel Ives.

Despite some of his gloomier peers “yelling fire in a crowded theater” about Apple, he’s confident about Apple’s future. That’s even with the ongoing U.S. vs. China trade tensions looming menacingly in the background.

Trump’s iPhone tariff reprieve is great news for Apple investors

By

Samsung wants to follow Apple in building a giant services business
Apple stock had a great day this week.
Photo: Mathieu Turle/Unsplash CC

Apple and its suppliers soared on the news that the iPhone would not be hit by tariffs in President Trump’s ongoing trade skirmish with China.

AAPL reached as high as $209.90 Tuesday. It started the day hovering around $200. That’s an increase of around 4.2%. Meanwhile, suppliers in Japan enjoyed a good trading day Wednesday. Some stocks jumped as up 6%.