Today, Apple shares set a new record, only in the morning we wrote that last week they approached the $ 140 mark, and today the price has exceeded this mark and consolidated above it.
At its peak, the company’s shares traded in the region of $ 144.96, but by the end of the day, the price was fixed at around $ 143.88. The market capitalization of the company is already 2.42 trillion dollars.
The stock rallied after market research firm Wedbush raised its target price from $ 160 to $ 175. However, the company said it expects “stunning” iPhone sales later this week.
Market research firm Morgan Stanley was also optimistic about the demand for 5G-enabled handsets last week and raised Apple’s stock’s expected price. Given that demand for the iPhone 12 is not falling, it can be assumed that the company’s shares will also continue to rise.
The forecast for iPhone shipments in fiscal 2021 has been raised from 203 million to 215 million smartphones.