AAPL Shares Hit New All-Time Closing High
Apple shares climbed to an all-time high at the close of Nasdaq trading on Tuesday, rising $10.53, or 3.16 percent, and hitting $343.99 per share. Apple now has a market value of almost $1.491 trillion.
Despite a bumpy start to the year, tech stocks have fared well during the global health crisis. Apple saw its stocks fall in February and March due to supplier constraints, store closures, and ongoing curbs on travel and transport, but demand for new devices was buoyed by increasing numbers of people working from home, and that saw Apple's share price surge again in April.
Tuesday's high came on the back of news that Apple plans to announce an upcoming shift to Arm-based Macs at its virtual WWDC event later this month.
Swapping over to its own house-made chips should allow Apple to release updates on its own schedule and with perhaps more frequent technology improvements. Apple should also be able to differentiate its devices from competing products with chips designed by its own internal teams, introducing even tighter integration between hardware and software.
There have been some mixed rumors on when Apple could launch the first Arm-based Macs. Apple analyst Ming-Chi Kuo believes Apple will release MacBook models with its own custom processors in the fourth quarter of 2020 or the first quarter of 2021.
Kuo expects Apple to release several Mac notebooks and desktop computers with custom designed Arm-based processors in 2021, so the custom processors won't be limited to just one machine. Bloomberg has said that Apple is aiming to release at least one Mac with a custom-designed Arm-based processor by 2021.
Popular Stories
Apple is set to release iOS 18.1 in October, bringing the first set of Apple Intelligence features to iPhone 15 Pro and iPhone 16 models. This update marks a significant step forward in Apple's AI integration, offering a new Siri contextually-aware experience and a range of additional capabilities powered by on-device machine learning and large language models. There are a couple of handy new...
Thursday September 26, 2024 11:16 am PDT by
Juli CloverApple today released a new firmware update for the AirPods Pro 2, with the software available for both the USB-C and Lightning models. The AirPods Pro 2 firmware has a build number of 7A305, up from the 7A302 firmware released earlier in September. There is no word yet on what's included in the firmware, but Apple is planning to add hearing aid and hearing test features to the AirPods Pro 2...
Best Buy is back this week with big discounts on the M2 11-inch and 12.9-inch iPad Pro, providing up to $1,000 off select models. A My Best Buy Plus/Total membership is not required to see these discounts. You'll find both Wi-Fi and cellular tablets on sale at Best Buy, with a particular focus on the larger capacity 1TB and 2TB models. All deals listed below represent record low prices on...
Apple will likely hold another event in October this year to announce new Macs and iPads. If so, it would be the fourth time in the last five years that Apple has held an event in October. Last year, Apple held a virtual event on Monday, October 30 to announce new MacBook Pro and iMac models with the M3 series of chips. A concept of a smaller Mac mini Below, we recap rumors about a potential...
Apple's iPhone development roadmap runs several years into the future and the company is continually working with suppliers on several successive iPhone models simultaneously, which is why we sometimes get rumored feature leaks so far ahead of launch. The iPhone 17 series is no different – already we have some idea of what to expect from Apple's 2025 smartphone lineup. If you plan to skip...
Apple appears to be internally testing iOS 18.0.1 for the iPhone, based on evidence of the software update in our website's analytics this week. Our logs have accurately revealed many iOS versions before they were released. We expect iOS 18.0.1 to be a minor update focused on bug fixes. Issues that could be addressed with the update include touchscreen issues affecting the iPhone 16 series...
Apple last week released the AirPods 4, and one version of the new earbuds has Active Noise Cancellation included. ANC means the AirPods 4 have a feature set that rivals the AirPods Pro 2, so we thought we'd compare the two for those undecided on which to get. Subscribe to the MacRumors YouTube channel for more videos. The AirPods 4 are Apple's first open-ear earbuds to include ANC, and the...
With the iPhone 15 models that came out last year, Apple added an opt-in battery setting that limits maximum charge to 80 percent. The idea is that never charging the iPhone above 80 percent will increase battery longevity, so I kept my iPhone at that 80 percent limit from September 2023 to now, with no cheating. My iPhone 15 Pro Max battery level is currently at 94 percent with 299 cycles....
It's been a full week since the new iPhone 16 models launched, and we've now had enough time to give the Camera Control button and the camera setup a more in-depth look. We tested the iPhone 16 Pro and Pro Max, which have triple-lens rear camera setups with 48-megapixel Fusion lens, 48-megapixel Ultra Wide lens, and 5x Telephoto lens. Subscribe to the MacRumors YouTube channel for more videos. ...