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Apple's Stock Closed at All-Time High Today Ahead of Earnings Results Next Week

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Apple's stock price closed at an all-time high of $139.07 today after reaching a new intraday record of $139.85 moments earlier.

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The gains come just five days before Apple is set to report its earnings results for the first quarter of the 2021 fiscal year. Many analysts forecast that Apple's quarterly revenue will exceed the $100 billion mark for the first time thanks to strong iPhone 12 sales and the launch of several other products in the quarter, including the first three Macs with Apple silicon, HomePod mini, AirPods Max, and a redesigned iPad Air. Apple Fitness+ also launched last month and can be bundled with other services with Apple One.

Apple has thrived financially during the ongoing pandemic as many customers work, learn, and connect with others from home, leading to strong iPad and Mac sales in particular. Apple products are also popular gifts during the holidays.

Apple's earnings report will be released on Wednesday at 1:30 p.m. Pacific Time and will be followed by a conference call with Apple's CEO Tim Cook and CFO Luca Maestri at 2:00 p.m. Pacific Time. Apple's current quarterly revenue record is $91.8 billion, set in the first quarter of the 2020 fiscal year.

Tag: AAPL

Top Rated Comments

M
mdnz
68 months ago

Who’s ready to buy some Apple stocks over the weekend?
Probably not many people as stock exchanges are closed during the weekend. 😄
Score: 12 Votes (Like | Disagree)
DocMultimedia Avatar
DocMultimedia
68 months ago
AAPL. 98% of my retirement portfolio. I live on the edge. :) And I retired in 2019.
Score: 10 Votes (Like | Disagree)
N
Nick_P
68 months ago
Can't stop AAPL since the iPod in 2001. It transformed the company completely. I've told anyone and everyone the same since, and only 2 of my buddies ever bought any.

<== AAPL shareholder since 1996:)
Score: 8 Votes (Like | Disagree)
M
MN7119
68 months ago

Who’s ready to buy some Apple stocks over the weekend?
Don't expect a huge increase in stock price next week as much of that expectation of a huge Q1 is already priced in the current stock value.
Score: 8 Votes (Like | Disagree)
D
DelayedGratificationGene
68 months ago

It seems that AAPL will actually be over $150. But, to be honest, it is starting to be overpriced.

It seems that AAPL will actually be over $150. But, to be honest, it is starting to be ov
Apple is not overpriced. 2022 forward earnings on the high side of 5.07 will give us an after net cash PE of 37 at a $200 stock price. Yup we are undervalued at 140
Score: 6 Votes (Like | Disagree)
ryanwarsaw Avatar
ryanwarsaw
68 months ago

What matters is the fed balance sheet and fiscal stimuli coming out of congress. Cramer is just noise.
For the over all market I agree. Also I don’t nut hug Cramer but gave him credit for bringing up the point of the weak dollar could lead to a substantial beat. As ashamed of myself for admitting I watch him I couldn’t just steal the idea as if it was my own. I think it’s a valid point.
Score: 5 Votes (Like | Disagree)
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