Apple’s Stock Finally Tops $200

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| News

Apple’s stock topped US$200 for the first time on Wednesday since its 7-for-1 stock split in 2014. The milestone number follows the company’s third fiscal quarter earnings report from Tuesday afternoon.

Apple money pile

The iPhone and Apple Watch maker’s stock has been on a steady upward trend ever since the stock split. The company’s stock closed on Tuesday at $190.29.

Apple reported revenue at $53.3 billion for its third fiscal quarter, up 17% year over year with 41.3 million iPhones, 11.5 million iPads, and 3.7 million Macs sold. The company’s wearables revenue was up 60% year over year, too.

[Apple Turns in Record June Quarter Driven by iPhone, Services, and Wearables]

[Apple’s Wearables Revenue Up 60% in Q3 2018]

Breaking the $200 barrier inches Apple ever closer to becoming the first company with a $1 trillion market cap. Currently, Apple is sitting at $986.788 billion.

Apple has been hovering over the $200 mark since mid morning. Right now the company’s stock is trading at $200.765, up $10.475 (5.50%).

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MOSiX Man
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MOSiX Man

No money! I wish I’d purchased Appl stock a long time ago. Unfortunately, it just wasn’t in the cards.

Bryan, you’ve said that you own some APPL stock. At what point do you think you’d sell?

Lee Dronick
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Lee Dronick

I am tempted to sell, but will wait.