Apple Inc.’s stock is on pace to post its first 10-day winning streak since 2010 as the company moves closer to reclaiming a $1 trillion market value.
With shares up 0.3% in midday trading, Apple’s AAPL, -0.14% market capitalization is poised to cross the $950 billion mark for the first time since the stock cratered in the fall, assuming the current gains hold through the close. Apple shares need to close at or above $212.08 for the company to cross the $1 trillion market-cap threshold once again.
Analysts have become gradually more optimistic about Apple’s prospects in the months after shares tumbled on fears about the sustainability of Apple’s pricing model and its ability to grow device shipments. The company decided to do away with unit-sales metrics for the iPhone and issued a string of disappointing forecasts, but management has been trying to shift investor attention toward the opportunities offered by Apple’s faster-growing services business.
Apple shares have gained 28% so far this year, compared with a 12% rise for the Dow Jones Industrial Average DJIA, -0.70% of which Apple is a component.We Want to Hear from You Join the conversation
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Suze Orman: If you waste money on coffee, it's like 'peeing $1 million down the drain'If you waste money on coffee, it’s like 'peeing $1 million down the drain,' says Suze Orman. ☕️ via CNBCMakeIt
Read more »
The 7 Marvel Cinematic Universe movies that made over $1 billion at the global box office'Captain Marvel' is the latest Marvel Cinematic Universe movie to reach the $1 billion milestone at the worldwide box office.
Read more »
How to invest $100,000 to make $1 millionThe easiest and safest way to grow your money is to invest it in the stock market, make automatic and consistent contributions, and simply wait.
Read more »
TransCanada explores sale of $1 billion Appalachian pipeline unit: sourcesPipeline operator TransCanada Corp is exploring a potential sale of its Columbia...
Read more »
Japan's Nomura to cut $1 billion costs to revive wholesale business, shut branchesJapan's Nomura Holdings said on Thursday it would cut $1 billion in costs f...
Read more »
Japan's Nomura to cut $1 billion costs to revive wholesale business, shut branchesNomura Holdings said it would cut $1 billion in costs from its wholesale business and shut more than 30 of 156 domestic retail branches.
Read more »
Governments could save $1 trillion in taxes by curbing corruption, new IMF research saysCracking down on corruption would reap big economic rewards for governments around the world, according to new analysis by the International Monetary Fund (IMF).
Read more »
'Captain Marvel' Tops $1 Billion As MCU's Box Office Hot Streak ContinuesAssuming 'Avengers: Endgame' does well in theaters, the Infinity Saga will close out with 8 of 22 MCU movies earning over $1 billion worldwide
Read more »
Mysterious lender who gave Manafort $1 million concerned about political falloutA California man who loaned Paul Manafort $1 million in 2017 just before the former Trump campaign chairman was indicted is so concerned about the political fallout that he's asked a court to keep his name secret in a case about Manafort's money.
Read more »