Apple Stock News
For the latest Apple Stock News, AAPL closed at $144.12 on Wednesday, March 29, 2017. It had a gain of 0.22% from its previous close of $143.80 per share. The stock closed at a record high for the second straight day and the sixth time in the month of March.
Despite Samsung revealing its new Galaxy S8, with hopes of a recovery from its Note 7 debacle, investors don’t seem to be worried. Apple shares are up a whopping 55% since it’s low of $90.34 in May, 2016. The stock is now trading at an all time high, with analysts continually increasing their target price. There is strong indication that iPhone 6 owners will be seeking an upgrade. Shipments of the OLED display for the next iPhone are expected to be closer to 90 million units, higher than the general consensus.
Investors remain optimistic surrounding Apple’s services revenue, despite android app user spending expected to surpass that of Apple in 2017. Apple’s stock buy-back strategy has worked to great effect, decreasing the number of shares by almost 20%, inflating prices even further. Apple is expected to increase its dividend payout next month. With its stock buy back program and increasing dividend payout, Apple is instilling confidence in its shareholders.
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