Apple begins new year with $300 share price
January 3, 2020 - Apple shares have hit an all-time high by reaching a closing price of $300 following the New Year's holiday.
Apple shares passed the $300 threshold for the first time on Thursday, closing at $300.35 on the first day of trading in 2020, following the New Year holiday. A year ago its shares were worth $142.19 – marking an increase of 211%.
The rise coincides with Apple’s new agreement with former HBO chief executive Richard Plepler to produce content for its Apple TV+ streaming service, and growing optimism for even greater iPhone sales later this year when its rumoured 5G handsets arrive.
Apple is the most valuable publicly traded company in the U.S. with a market capitalisation of $1.33 trillion.
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