(original title: Apple Stock Hits Record High On Warren Buffett Comments)
NetEase news on May 8th news, according to foreign media reports, “stock god” Warren Buffett (Warren Buffett) after a bullish statement, Apple shares in the U.S. stock market trading on Monday set a new high.
In the regular trading on the Nasdaq stock market on Monday, Apple shares closed at 185.16 points, up 0.7% from the previous trading day. Its share price hit a record high of $187.67 in intraday trading. Apple now has a market capitalization of about $945 billion, moving towards the target of US $1 trillion.
Last Friday, Apple’s stock opened at $179.04, breaking the bottom of the recent double bottom.
On Monday, Buffett, chairman and chief executive of Berkshire Hathaway, an investment company, told CNBC that he was very fond of Apple Corp and wanted to have all the apple stocks.
“I obviously like apples,” he said. We bought Apple stock to hold it. We bought 5% of the company, and I would like to own 100% of it. We appreciate the economic significance of their business activities. We really appreciate its management and their way of thinking.
Last Saturday, Berkshire Hathaway held the annual shareholders’ meeting, and executives discussed a number of topics, including the company’s growing share of apple. Berkshire Hathaway is currently the third largest shareholder of Apple Corp, behind fund giant Vanguard group and BlackRock.
Last week, Apple released its second quarter earnings in fiscal 2018 (up to March 31, 2018). With its strong service business and wearable device sales, its performance in the second quarter exceeded expectations. In the second quarter, the company’s revenue was $61 billion 100 million, an increase of 16% over the same period, and earnings per share of $2.73, up 30% over the same period last year. Analysts expected revenue of $61 billion and earnings per share of $2.69.
Daniel Ives (Daniel Ives), an analyst at GBH Insights, a market research firm, said in a report on Friday that investors are “beginning to be fully aware that as Apple will launch three new smartphones this fall, the next 12 to 18 months will be a big opportunity for the iPhone upgrade.”
He estimates that about 350 million iPhone users will upgrade their phones in the next year and a half. (Liu Chun)