Apple's stock hit a record high today at $264.38 before closing at $262.24, marking a 3.94% increase. This surge was fueled by the release of a report from Counterpoint Research showing strong sales for the iPhone 17 series. The iPhone 17 Pro Max was a top seller in the U.S., while the base model performed exceptionally well in China.
Apple Adjusts Production Strategy
Despite cutting back on iPhone Air production, Apple saw increased popularity for the model compared to its predecessor, the iPhone 16 Plus. The addition of ProMotion display technology has contributed to the improved performance of the base model.
A young Steve Jobs and Steve Wozniak during Apple's early days.
Since its IPO in 1980, Apple has seen significant growth, creating millionaires like Steve Jobs and Steve Wozniak. The company's current valuation stands at $3.89 trillion.
Tim Cook's Stake in Apple
Apple CEO Tim Cook owns approximately 3.28 million shares of the company, valued at $860 million-$900 million. Vanguard and BlackRock are among the top institutional investors in Apple, while chairman Arthur D. Levinson holds a substantial individual stake.
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"Iconic Phones" Book Release Announcement
Exciting news for tech enthusiasts! The "Iconic Phones: Revolution at Your Fingertips" coffee table book will soon be available. Explore the evolution of technology in the 21st century with this must-have book.
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