AAPL Stock Rockets to Intraday Record

bull market

AAPL stock hit an intraday record on Tuesday. It reached $138.79 per share at one point, a 1.5% increase. Having opened at 138.05, at the time of this writing Apple shares were valued at $137.32.

AAPL Ending 2020 Strong

Tuesday’s move cements a strong December for the company, with its share price rising 16 percent in the month. There has been positivity around sales of the iPhone 12 range and news about the eventual rollout of self-driving cars. Indeed, there is increasing analyst optimism about AAPL in 2021. Bloomberg data found that Apple’s revenue growth is expected to increase 15 percent in fiscal 2021, up from 6 percent in 2020. Profit growth is also projected to double to 20 percent.

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