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Apple shares hit a record on optimism the next iPhone will drive a resurgence in sales and help the company’s services businesses grow.
The stock climbed less than 1 per cent to $133.29 at the close Monday in New York, the highest on record. The increase valued Apple at about $699 billion, making it the world’s most highly capitalised company. Google parent Alphabet is next at $573 billion, according to data compiled by Bloomberg.
Analysts are predicting a further gain in Apple shares in the next year, based on the average 12-month target price of $142.58, according to
The stock climbed less than 1 per cent to $133.29 at the close Monday in New York, the highest on record. The increase valued Apple at about $699 billion, making it the world’s most highly capitalised company. Google parent Alphabet is next at $573 billion, according to data compiled by Bloomberg.
Analysts are predicting a further gain in Apple shares in the next year, based on the average 12-month target price of $142.58, according to
