Apple's Shares Soar to Record High on Strong iPhone Sales

Apple's Shares Soar to Record High on Strong iPhone Sales”

In light of the giant's strong performance, Apple stock gained a 6% increase during after-hours trading.

Shares of Apple Inc. The stock's 50 day moving average is $147.04 and its 200 day moving average is $142.60.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st.

This marks a significant improvement in growth compared with same quarter in the previous year, when revenue declined 15% YoY, and is likely evidence of stabilizing iPhone sales. "I would guess at the very least Apple will have the successors to the current phones on sale in the usual timeframe and in the usual volumes, while my hunch is that the new higher-end model will also go on sale at the same time but be even more heavily supply-constrained than new iPhones usually are". EPS (earnings per share) came in at $1.67 against analysts' expectation of $1.57. This repurchase authorization authorizes the iPhone maker to purchase up to 6.5% of its shares through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. and worldwide trademark & copyright law. To achieve this, the company is expanding existing platforms such as its app ecosystem, creating the iMessage App Store for mini apps launched within the iMessage interface, as well as pushing further into areas like healthcare through its ancillary products, such as the Apple Watch.

In other news, Director Arthur D. Levinson sold 35,000 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $154.70, for a total value of $735,907.90. (NASDAQ:AAPL) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). For Mac, Apple announced 4.2 million computers sold between April and June 2017. The stock was sold at an average price of $142.86, for a total transaction of $1,707,034.14. Also, insider Daniel J. Riccio sold 11,949 shares of the business's stock in a transaction dated Thursday, July 6th. The disclosure for this sale can be found here. 45,154,726 shares of the company's stock traded hands. Company insiders own 0.08% of the company's stock.

Institutional investors have recently added to or reduced their stakes in the company. Empirical Finance LLC bought a new position in Apple during the fourth quarter worth $465,000. Dupont Capital Management Corp raised its position in Apple by 20.5% in the second quarter. The fund owned 16,295 shares of the iPhone maker's stock after buying an additional 390 shares during the period.

Haverford Trust Co. lowered its position in Apple Inc. American Beacon Advisors Inc. acquired a new position in shares of Apple during the first quarter worth approximately $117,000.

Like this



04 August 2017
Analyst Activity - Investec Reiterates Sell on Centrica PLC (LON:CNA)
Shore Capital reissued a sell recommendation on stocks of Intertek Group in a study report on early Tue. Shares of Etherstack PLC (ESK.AX) have seen the needle move -3.57% or -0.01 in the most recent session.

04 August 2017
NTSB: Minneapolis school explosion investigation could take a year
NTSB member Christopher Hart says investigators are looking into whether the explosion occurred while a gas meter was being moved. Fire officials said a second body was recovered from the rubble Wednesday night.

04 August 2017
World's smallest neutrino detector finds big physics fingerprint
Having such a tiny detector makes it far more convenient to place around other sources such as nuclear power plants. For example, neutrinos can be captured by atoms, which then decay into another element.

04 August 2017
Phurrr: The Trap Anthem of the Year! Ft. Shah Rukh Khan & Diplo
When Pritam was done with the song's composition, Irshad Kamil suggested the phase Phurr and this song came beautifully together. Upcoming song Phurr from Jab Harry Met Sejal has been creating a lot of buzz, but not many know it's behind the scene story.

04 August 2017
Cardin Statement on Committee Passage of the Taylor Force Act
Advocates of the bill say they aim to limit such a " rewarding " practice for those who engage in terrorist activities. Force was a Boy Scout and West Point graduate who served tours of duty in Afghanistan and Iraq.

04 August 2017
Eagles agree to 1-year contract with safety Corey Graham
Graham was selected to the Pro Bowl in 2011 after he recorded three pass breakups, forced a fumble and caught three interceptions. That's important to note because while the Eagles' starting safeties are set, corner is the weakest spot on the team.

04 August 2017
Continental Resources, Inc. (CLR) Position Boosted by Pillar Pacific Capital Management LLC
Mn Services Vermogensbeheer B.V. increased its position in shares of Continental Resources by 5.1% in the first quarter. The stock's market capitalization is 12.41B, it has a 52-week low of 29.08 and a 52-week high of 60.30.

04 August 2017
Egyptian FM visit Sudan for ongoing bilateral tensions
Egypt also criticized Sudan for backing Ethiopia in the construction of a dam on the Nile which Egypt fears will affect its water needs.

04 August 2017
Polls open in Rwanda's presidential election
Kagame is recognised for his 17-year track record of economic growth, stability and development. Rwanda's constitution was amended in 2015, giving Kagame a chance to stay in power until 2034.

04 August 2017
NASA hiring real-life Man in Black to fight aliens
The position is called Planetary Protection Officer (PPO) and pays between $124,406 and $187,000 a year. It's a position that, on the surface, sounds like what Will Smith did in Men In Black .