Investing.com - Financial Markets Worldwide
Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

NewsBreak: IPhone Demand Sends Apple to 52-Week High

Published 07/10/2019, 18:23
Updated 07/10/2019, 18:42
© Reuters.
DJI
-
JP225
-
AAPL
-

Investing.com – Shares of Apple (NASDAQ:AAPL) hit a new 52-week high on Monday after a report from the Nikkei Asian Review that said the iPhone maker wants its suppliers to ramp up production of its new lower-end iPhone 11 mobile device. The production boost suggests strong demand for the new model.

  • The shares peaked at $229.48 around 1 PM ET (17:00 GMT) and were up 0.8% at $228.82 at 1:17 PM ET.

  • Apple (NASDAQ:AAPL) is still slightly below its all-time high of $233.47 set on Oct. 3, 2018, just before the stock began a fourth-quarter 2018 swoon that saw the shares fall 30%. The shares are up 45% year to date.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.