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The share price of Apple, by far the world’s most valuable company, with a market capitalization over $3 trillion, has surged 49% so far this year, increasing its weight in stock indexes to record levels. The company’s weighting in the S&P 500 has swelled to 7.6%, the biggest of any one stock in the history of the benchmark index, according to S&P Dow Jones Indices. Lewis Krauskopf for Reuters: That hefty weighting means moves in Apple’s shares have an outsized influence on index performance. If shares of Apple keep rallying, that could hurt the results of active fund managers, who strive to beat indexes such as the S&P 500 or Russell 1000. The issue has taken on additional urgency this…
Apple, the world’s most valuable company, is nearing a market capitalization milestone in trading today. Apple’s stock closed at another record high of $188.06 on Tuesday, its fifth record for the year. If Apple closes at or above $190.73 on Wednesday, the Mac-maker will officially have a market capitalization of $3 trillion. Angela Palumbo for Barron’s: “This product and application build out could be another tailwind to Services revenue in FY25 as more consumers start to make the path down the mixed reality headset with Apple as Vision Pro price points start to come down markedly in FY25,” Wedbush analyst and long-time Apple bull, Dan Ives, wrote in a research note Wednesday. He rates Apple stock at Outperform with a…
Apple’s latest Mac Pro targets professionals with highly demanding computing workloads. But we talked to those professionals, and they don’t want it — because Apple’s other computers are just too good. Apple’s latest Mac Pro was finally revealed at this year’s Worldwide Developers Conference as a machine for the most power user of power users. The video discussed audio engineering, color grading, and video transcoding. Apple’s product page mentions code compiling, animation, compositing 8K scenes, 3D rendering, and “analyzing enormous datasets.” This isn’t just for pros, Apple seems to claim; it’s for capital-P Pros. Exactly who these pros are and why the Mac Pro is the perfect device for them remains somewhat unclear to me, even after testing the new…
Illustration by Samar Haddad / The Verge When you read a review of a smartphone, you will usually be hit with a long list of screen specs: the display type, its dimensions and aspect ratio, its resolution in pixels, its HDR support (or lack of it), and its brightness, for example. Too often, it’s assumed that everyone understands the significance of each of these specs. So in this article, we’re going to focus on the basics of the refresh rate, which you’ll see in the specs of monitors and TVs as well. It tells you how many times the display is refreshed per second, typically measured in Hz (hertz). In other words, a 90Hz display refreshes itself 90 times a…
Apple has a history of outperforming the market thanks to its dominance in consumer tech. AAPL is a growth stock that could be a huge winner in the next decade and beyond. Dani Cook for The Motley Fool: Apple has proven time and time again its stock is one of the most reliable stocks available, often outperforming the market… Apple was one of the few tech companies to outperform the Nasdaq Composite index amid last year’s sell-off. The company has continued to follow this trend into 2023, with its stock up 40% year to date compared to the Nasdaq Composite’s rise of 28%. Apple’s consistent growth is largely thanks to the popularity of its products and services. The company boasts leading…
On Monday, January 3, 2022, Apple became the first company in world history to hit the $3 trillion market valuation milestone, but it quickly fell back from that mark. Now, after a solid run in 2023, AAPL is again approaching the $3 trillion mark. Angela Palumbo for Barron’s: Apple is on track to become the first company with a $3 trillion valuation, but the journey there won’t be easy. MacDailyNews Take: As stated above, Apple already became the first company with a $3 trillion valuation on January 3, 2022. Apple stock has surged 42% this year and the company has a market capitalization of $2.89 trillion. The shares would have to close above $190.73 each to hit the record $3…
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