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Apple's stock races ahead as investors bet on new iPhone

A year ago, Apple's stock price had fallen more than 30 per cent from its 2015 peak

Vindu Goel 

A year ago, many investors had given up on Apple, whose stock price had fallen more than 30 per cent from its 2015 peak. Apple’s once-unstoppable growth had come to a crashing halt: The number of iPhones sold was down 13 per cent, and the company posted its first revenue decline in 13 years.   Today, Apple’s business remains sluggish, but that hasn’t stopped investors, including the famously tech-averse Warren E Buffett, from falling in love with it again. Shares of the tech giant — the most valuable company in the United States by market value — have ...

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First Published: Tue, May 02 2017. 01:11 IST
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