Apple’s stock price has closed at a new record high of $153.12 on Wednesday, following an intraday trading rally.
The company’s stock price climbed 2.75% in trading on Aug. 30. Shares of Apple climbed as high as $153.49 in intraday trading before closing at the new record. Apple’s share price has climbed 18.325% since the start of 2021. Wednesday’s closing price broke the previous record close of $151.12, which was set earlier in August.
Additionally, the Cupertino tech giant’s market capitalization, which is reached by multiplying the stock price but the number of outstanding shares, reached $2.53 trillion.
The Apple rally comes amid rumors that the upcoming “iPhone 13” lineup could support satellite communications. It also comes days after Apple announced a settlement with developers that included new App Store policies, such as loosened rules on app makers communicating directly with their users.
Read more at AppleInsider.com