Apple's shares set new closing high at $133.29
Apple investors have been buying the stock well in anticipation of the new iPhone models expected to be unveiled this coming September. The premium 10th anniversary Apple iPhone 8 is expected to attract plenty of demand with its new look featuring a 5.8-inch (or perhaps a 5-inch) OLED screen covering the complete front of the phone. There is talk of sensors replacing the side buttons, and Touch ID is believed to be embedded under the front glass. Wireless charging will be a new feature available for the iPhone 8, which will carry a dual-camera setup on back.
Apple had sold a record 78.3 million iPhone units in the three months from October through December. The stock is up $11.94 or 9.8% since the release of that earnings report. Helping out with today's gain of $1.17 (.89%) was a recommendation from Goldman Sachs. Analysts at the investment house hiked its target on Apple to $150 based in part on its increased confidence in a strong upgrade cycle for the iPhone this year.
Apple now has a market capitalization (share price multiplied by number of shares outstanding) of $698.89 billion. That makes it the highest valued company in the world.