Apple rose 2.66%, hitting a record high, with a market capitalization of $1.0675 trillion, surpassing Microsoft’s market value of $1.0665 trillion and returning to the market’s first throne.
Editor’s note: This article is from “Tencent Technology”, authorized to reprint.
October 12 news, US stocks opened sharply higher on Friday, after the increase further expanded, the Dow once rose more than 450 points, but narrowed the gains at the close, the Dow rose nearly 320 points, the S & P 500 index and the road The index also rose more than 1%, as the market is optimistic about the prospects of the international situation.
Large-scale technology stocks rose across the board. Apple rose 2.66%, hitting a record high, with a market capitalization of $1.0675 trillion, surpassing Microsoft’s market value of $1.0665 trillion and returning to the market’s first throne.
Before, the market demand exceeded expectations, which prompted Apple to increase the output of the iPhone 11 series by 10%. After the market value of Apple exceeded $1 trillion on October 5, it rose for several days, which has made Apple’s market value break through. A new high in history.
The increase in orders for the iPhone 11 series confirms Apple’s CEO Tim Cook’s new strategy to attract budget-conscious consumers with low-cost models as the global economy weakens. The increase in orders was mainly from the cheapest iPhone 11 and iPhone 11 Pro models; Apple’s order for Pro Max was slightly reduced.
The performance of the iPhone 11 series mobile phone after the listing, but also let the major investment banks have adjusted Apple’s target price. Investigator JP Morgan Chase analysts raised Apple’s target price in a research report released earlier this week, saying that the new iPhone product line “shipping more than expected” will push the company’s stock price up 21%. “We moderately raised the iPhonThe forecast of e sales is expected to significantly improve investor sentiment on Apple stocks. Although Apple’s product cycle was generally considered moderate in 2019, the company has the ability to increase sales expectations,” Morgan Chase analyst Samik Chatterjee said in a research report. In the research report, Apple stock price was raised from 243 US dollars to 265 US dollars, maintaining the “overweight” rating. JPMorgan Chase currently expects Apple’s iPhone shipments in the third quarter will be 1 million higher than previously expected, and Shipments in the fourth quarter of this year will be 3 million higher than previously expected.
In addition, UBS also believes that iPhone demand is “very decent” in the latest research report, and the latest version of the product demand “is at least very strong in the US”.