Apple (NASDAQ: AAPL), an American multinational technology company, was featured in this week’s Simply Wall St Journal. The piece covered the company’s massive 19% jump from a value of $2.07 trillion (that’s $2,070,000,000,000) to reach $2.49 trillion in only 45 days. “That’s a $400 billion increase in just over a month,” the publication reads of the seemingly crazy jump that AAPL pulled off. “After lagging the broader market for most of 2021, the company has rallied since the start of June. This was no doubt thanks to a few factors. Most importantly, some analysts have revised their AAPL price targets higher, some reaching $185/share. Additionally, some reports show that Apple has asked suppliers to ramp up iPhone production by 20% to handle the 5G ‘super-cycle.’ And finally, the recent stabilization of long-term bond yields would have helped the rally somewhat.”
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About Apple Inc.
Apple is an American multinational technology company headquartered in Cupertino, California, that designs, develops and sells consumer electronics, computer software and online services. It is considered one of the Big Tech technology companies alongside Amazon.com Inc. (NASDAQ: AMZN), Alphabet Inc./Google (NASDAQ: GOOGL), Microsoft Corporation (NASDAQ: MSFT) and Facebook Inc. (NASDAQ: FB). For more information about the company, visit www.Apple.com.
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