The weeks of sales and depressed iPhone sales have de wders for the stock price of Apple.
AAPL shares closed at a historic high today thanks to the company's secd quarter earnings report, which revealed that the iPhone is doing well. better than the analysts expected.
Apple's stock price closed at $ 183.83 today, barely exceeding the previous high of $ 183.50. The company is now at about $ 20 a share short of being the first company to reach the $ 1 trilli target of Amaz's much coveted market capitalizati and Google are also getting closer.
Warren Buffet gave a big boost to Apple 's title today by revealing that his company Berkshire Hathaway had bought 75 milli shares this year. Apple's shares now represent 25% of Berkshire's portfolio.
In its earnings announcement Tuesday with investors, Apple said it was expecting iPhone sales to remain solid over the next quarter. The iPhone X was the most popular iPhone sold in the last quarter despite the higher price. "The iPhone X is a darling product, I could not be more proud," Tim Cook told investors this week, comparing it to a Super Bowl winner who ly wins by a touchdown or two instead from a total erupti. It's always the best in the game.