Apple Regain Its Status As A Trillion Dollar Company By Market Cap Following the announcement of a new generation of iPhone series, iPhone 11, 11 Pro, and 11 Pro Max, as well as the 10.2-inch iPad, Apple Watch Series 5, and new services, Apple’s stock price have surged since, and as of today, the company is trading $223.05 per share, which in results helped the Cupertino firm regain its status as a trillion dollar company by market cap.
Wall Street firm Macquarie Research argues that the affordability of Apple TV+ has investors mirroring analyst’s upbeat reaction, sending tech giant shares up 3% on Wednesday’s mid-day trading. Barclays analyst Tim Long (via CNBC):
The biggest surprise for us is $4.99/month for tv+ with a free one-year subscription if customers purchase a new Apple device. This is reasonable pricing, given the small number of programs available during the first year, and should help Apple gain an initial audience base for its content