Apple shares skyrocket to record high of $120 following blockbuster Q1 2015 results

News / Mobile phones

Apple shares skyrocket to record high of $120 following blockbuster Q1 2015 results

  • 2015-02-13 14:06:49
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News / Mobile phones Apple shares skyrocket to record high of $120 following blockbuster Q1 2015 results

While analysts were more than happy to project another powerful quarter for Apple, Wall Street itself remained skeptical as always. Sure enough, Apple blew everyone’s minds with the results of their first quarter 2015 earnings.

As such, Apple’s stock soared upwards after Apple CEO Time Cook and company revealed that the company had made over $74 billion in revenue, helped by the sale of over 74 million iPhones in just a three-month time period. Not to be outdone, though, Apple’s stocks managed to reach an all-time high recently, and is expected to break its previous record by the time trading closes down today.

Apple’s stock reached a peak of $120 per share this morning, which tops the company’s previous all-time high of $119.75 they met in November 2014. Of course, that high spiked due to the announcement of not only the iPhone 6 and iPhone 6 Plus, but also Apple Pay and the Apple Watch.

Apple’s trending increase within the stock market will likely continue into the foreseable future as the company continues to roll out new products. Next up on the timeline is the Watch, which Tim Cook confirmed during the Q1 2015 earnings conference call is on schedule to begin shipping in April.

[via 9to5Mac]



Categories: Mobile phones

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