Apple Sets Record Highest Closing Price Ahead of Q2 Earnings Announcement
Apple's stock price hit an all-time high ahead of its Q2 earnings announcement.
![[Image source=Reuters Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2023042509163299868_1682381791.jpg)
On the 28th (local time) in the New York stock market, Apple's stock closed at $195.83, up 1.35% from the previous day. This surpassed the previous record closing price of $195.10 on the 19th, marking an all-time high, with a 50.7% increase just this year.
Apple is set to announce its Q2 earnings on the 3rd of next month. While Wall Street expects Apple's Q2 results to be lower than last year, there is also anticipation for a surprise performance. Earlier, big tech companies such as Microsoft and Meta, which announced their Q2 earnings, all exceeded market expectations.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- "Target Price Set at 970,000 Won"... Top Investors Already Watching, Only an 'Uptrend' Remains [Weekend Money]
Regarding the iPhone, which accounts for about half of Apple's revenue, its market share in the U.S. increased in Q2. According to market research firm Counterpoint Research, the iPhone's market share in the U.S. was 55% in Q2, up 3 percentage points from Q1.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
