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Apple shares go past all time high to reach $160.08 value

09 August 2017 2

With the mass production of their next generation of flagship iPhone 8 already started for an expected release during the fall this year, Apple has earned a lot of hype and publicity following the news which featured the iPhone 7 models being the most used iPhones currently having gone past the iPhone 6s lineup. Having sold as much as 1.2 billion phones in the last decade, Apple hit a new high after the AAPL stock crossed the $160 mark to reach an all time high.

The achievement comes just a week after Apple predicted a $45 billion revenue for the upcoming third quarter of 2018 bringing shares of Apple from its previous record of $157.14 to reach $160.08 in the closing hours. In the process, the company’s stock also managed to exceed its own intra-day high when it went from $159.75 to as high as $161.83 showing further changes in the weeks ahead of its iPhone 8 release.


Apple’s third quarter revenue also indicated a $3 billion spending on research and development as the company plans to dive into the field of augmented reality and autonomous systems in the future. Apple also seems to be on the frontline as it has already started testing the next generation 5G technology as it gears up for the much-anticipated release of its iPhone 8 which could debut this fall. The company has fared well in view of its market shares as it's managed to gain steady value since it started off with $116 per share at the start of this year.


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Apple shares go past all time high to reach $160.08 value
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PrarthanaDhumane

A lot of positives for Apple of late - the iPhone 8 is in mass production, the iPhone 7 models proved to be the most used, while Apple selling in excess of 1 billion phones, everything looking cozy.

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