Apples Stock Races Ahead as Investors Bet on New iPhones – The New York Times
SAN FRANCISCO A year ago, many investors had given up on Apple, whose stock price had fallen more than 30 percent from its 2015 peak. Apples once-unstoppable growth had come to a crashing halt: The number of iPhones sold was down 13 percent, and the company posted its first revenue decline in 13 years.Today, Apples business remains sluggish, but that hasnt stopped investors, including the famously tech-averse Warren E. Buffett, from falling in love with it again. Shares of the tech giant the most valuable company in the United States by market value have repeatedly hit new highs this year. On Friday, they closed at $143.65, up nearly 60 percent from last Mays trough.Whats driving the stock, say skeptics and fans alike, is hope hope that the new iPhones due in September, on the 10th anniversary of the original iPhones introduction, will be dazzling enough to inspire existing iPhone users to upgrade and prompt others to switch from Android phones made by Samsung, Huawei and other manufacturers.
Källa: Apples Stock Races Ahead as Investors Bet on New iPhones – The New York Times
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