Apple hits record high, extends market value above $1 trillion

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Apple reportedly asked suppliers last week to boost production for its new iPhones by as much as 10%, or 8 million units.

Shares of Apple climbed more than 2% on Friday to an all-time high of $235.20, extending the company's market value above the $1 trillion threshold. The rally came as President Trump signaled positive developments in US-China trade negotiations, which could help Apple's iPhone sales in Asia if a deal is made. Several Wall Street firms have boosted Apple's price target in recent weeks amid stronger-than-expected demand for iPhones in China. Watch Apple trade live on Markets Insider.

Shares of Apple climbed more than 2% on Friday to an all-time high of $235.20, extending the company's market value above the $1 trillion threshold. The rally came as President Trump signaled positive developments in US-China trade negotiations, which could help Apple's iPhone sales in Asia if a deal is made. Several Wall Street firms have boosted Apple's price target in recent weeks amid stronger-than-expected demand for iPhones in China. Watch Apple trade live on Markets Insider.

 

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You know how much $1 trillion is? It’s a million, million. For perspective, try counting to 1 million. Each number you count represents $1 million. If you don’t care to try, take my word for it... it takes a long time to count to a million. That’s a lot of money

This won't last beyond December. Great for shareholders now though.

It's amazing how much money you can make when you turn a blind eye to authoritarianism and genocide hey Apple

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