Android Century
  • Home
  • Android Zone
    • Android Apps
    • Android Games
    • Apps APk Files
    • Games Apk Files
    • Apps Hack Tricks
  • Reviews
  • Fantasy Zone
    • Entertainment
    • Quotes and Status
    • Life Style
    • Home Made Tips
    • Hair Care
    • Skin Care
    • Fantasy Tips
  • Tricks
    • Free Recharge
    • Free Internet
    • shopping Cashback
    • Recharge Cashback
  • Tech
  • Mobiles
  • Gadgets
  • News
  • How To's
  • Software
Breaking
  • How to Take Great Photos With Apple's iPhone X
  • Samsung Galaxy S9+ Review
  • Asus VivoBook 15 (X510UA) Review
  • Xiaomi Redmi 5 with 18:9 display
  • Vivo V9 with dual rear cameras
  • Xiaomi Redmi 5 launch
  • Vodafone partners with Tecno to offer Rs 2200 cashback
  • LG G7 with iPhone X-like notch
  • Oppo F7 India launch confirmed
  • Alcatel 1x with Android Oreo (Go edition) announced in India
  • Huawei P20, P20 Pro, P20 Lite price
  • Xiaomi MIUI 9 global stable ROM rolling out for all smartphones
  • Nokia 9 to sport iPhone X-like notch
  • Samsung Galaxy S9 passes scratch
  • Huawei Y9 2018 with four cameras, 4000mAh battery launched
  • OnePlus 5T gets Android 8.1 Oreo in open beta 4
  • Samsung Galaxy Note 9 won’t get under-display fingerprint scanner
  • Oppo F7, Mi Mix 2S, LG G7 and more
  • Oppo F7 with iPhone X-style notch to launch
  • Motorola could cancel Moto X5, layoffs hit Chicago office

Featured post

How to Take Great Photos With Apple's iPhone X

Recent Posts

Labels

  • Android Apk Files
  • Android Apps
  • Android Games
  • Apps Apk Files
  • Entertainment
  • Fantasy Tips
  • Gadgets
  • Hair Care
  • HomeMade Tips
  • How To's
  • News
  • Quotes
  • Quotes & Status
  • Recharge Cashback
  • Recharge Promo Codes
  • Shopping Cashback
  • Technology
  • skin care
Home / News / Apple hits record high but leaves some investors in dust

Apple hits record high but leaves some investors in dust

Latest Govt. Jobs 14:36:00 News Edit
Apple shares cruised to a record-high close Monday, helping catapult the S&P 500 stock index over the $20 trillion mark in what amounts to a victory for plain-vanilla mutual funds over a bevy of hedge fund managers who recently backed away from the iPhone maker. 

The largest component of the S&P 500 and a core holding on Wall Street, Apple's stock climbed 0.9 percent to end at $133.29, above its record high close of $133.00 hit on Feb. 23, 2015 and giving it a market value of about $699 billion. 

Its increase helped balloon the S&P 500's .SPX market capitalization on Monday beyond $20 trillion for the first time. 

While mutual funds have largely bet on Apple in recent months, some big names missed out on all or part of its recent acceleration. 

Hedge fund manager Dan Loeb's Third Point LLC cut its stake in Apple by 26 percent to 1.9 million shares in the fourth quarter, according to regulatory filings, while George Soros and Carl Icahn also shed their Apple shares last year. 

In contrast, the number of mutual funds reporting they became Apple shareholders in recent quarterly filings has jumped by 187 percent to 287, while the number of mutual funds liquidating their Apple holdings dropped by 26 percent to 151, according to Morningstar. 

Among the big names who backed the stock, Warren Buffett's Berkshire Hathaway last August said it had increased its stake in Apple by 55 percent to 15 million shares, now worth $2 billion. David Einhorn's hedge fund Greenlight Capital in January said it still likes Apple. 

Apple has climbed 50 percent from lows in the first half of last year and is up 15 percent so far in 2017. It was still short of its all-time intraday high of $134.54, set on April 28, 2015. 

Monday's gain came after Goldman Sachs analyst Simona Jankowski raised her price target for Apple to $150. She said she is more confident that an upcoming 10th anniversary iPhone will feature augmented-reality technology, which could help boost demand in a saturated smartphone market. 

Many investors are betting that Apple will mark the iPhone's 10th anniversary with a dramatically improved model. They also believe that strong sales of the iPhone 6S two years ago have left a larger-than-normal base of customers ready to upgrade. 

The Cupertino, California company reported strong December-quarter results on Jan. 31, and although it gave a cautious outlook for the current quarter, Wall Street expects revenue to grow this year after sinking nearly 8 percent in fiscal 2016. 

In 1998, when the S&P 500 closed above $10 trillion for the first time, Apple accounted for just under 0.06 percent of the index. It now accounts for about 3.5 percent of the S&P 500, according to S&P Dow Jones Indices. 

The 721 days that have passed since Apple's previous record-high close represent the largest gap between such milestones since the iPhone's launch in 2007. 
Share on Facebook Share on Twitter Share on Google Plus

RELATED POSTS


LG G7 with iPhone X-like notch

Oppo F7 India launch confirmed

Alcatel 1x with Android Oreo (Go ed...
Apple hits record high but leaves some investors in dust Apple hits record high but leaves some investors in dust Reviewed by Latest Govt. Jobs on 14:36:00 Rating: 5

0 comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments ( Atom )

Search This Blog

TEST BOOK FOR GOVT ENTRANCE TEST

TEST BOOK FOR GOVT ENTRANCE TEST
Find All Latest book for preparation of SSC,RAILWAYBANK PO,RBI,BANK CLERK,GATE ME,GATE CE are available here in less prices, to check out the books click here

Translate

  • Popular Post
  • Random posts
  • Category

Popular Posts

  • Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Refer & Earn Offer:  Hey Guys! Today I make an article about Teen Patti Referral ...
  • Hands-on with the home windows 10 Creators update for the Xbox One: Beam recreation streaming arrives
    The Windows 10 Creators Update is here, now—yes,  now —but not (officially) on the PC. The ...
  • Taotronics TT-BH22 Headphones Review
    We make it a addiction to now not look up pricing of a product sooner than reviewing and if ...
  • Jio effect: Telcos may have to cut data rates 2017
    India's big  telecom  companies,  Bharti Airtel ,  Vodafone India  and  Idea Cellular , will be ...
  • How To Install Xposed Framework On Bluestacks
    How To Install Xposed Framework On Bluestacks
    How To Install Xposed Framework On Bluestacks For Rooted Bluestacks Only Requirements: ...
  • Facebook co-founder learned programming language in 2 days www.goandroidapps.in
    Facebook co-founder learned programming language in 2 days www.goandroidapps.in
    Facebook co-founder learned programming language in 2 days:  Learning an entire programming ...

Random Posts

  • How to Transfer Money From FreeCharge Wallet to Bank Account
    How to Transfer Money From FreeCharge Wallet to Bank Account
    06.01.2017 - 0 Comments
    In conjunction with Paytm and MobiKwik, FreeCharge is among the largest cell wallets in India, and using the…
  • As computing adjustments, Intel takes a clean approach to chip design
    As computing adjustments, Intel takes a clean approach to chip design
    04.04.2017 - 0 Comments
    For more than 30 years, Intel has made a name with its CPUs, which rule the PC and server markets. Chip…
  •  South Korea Military Warns Of 'Stern Punishment' For Pyongyang
    South Korea Military Warns Of 'Stern Punishment' For Pyongyang
    24.02.2016 - 0 Comments
    South Korea's military warned North Korea to halt all provocations.SEOUL, SOUTH KOREA:  South…
  • The best free antivirus 2017
    The best free antivirus 2017
    15.02.2017 - 0 Comments
    Free antivirus software Windows 10 comes with its own antivirus software in the form of Windows…
  • Asus Zenfone Live smartphone lets you ‘livestream beautifully’
    Asus Zenfone Live smartphone lets you ‘livestream beautifully’
    24.02.2017 - 0 Comments
    Asus Zenfone Live is aimed at people who like to livestream frequently on social media platforms such as…

Labels

Android Apk Files Android Apps Android Games Apps Apk Files Apps Hack Tricks Entertainment Free Internet Freecharge Gadgets Games Apk Files How To's Laptops Guide Mobiles Reviews Technology Viral's android zone free recharge

Entertainment

Tricks

Popular Posts

  • How To Install Xposed Framework On Bluestacks
    How To Install Xposed Framework On Bluestacks
    How To ...
  • (no title)
    I’m thinking of ...
  • BenQ’s flagship photographer SW320 4K monitor in India costs Rs 1.25 lakh
    BenQ has launched ...
  • Stellaris's Utopia expansion adds Dyson Spheres, ringworlds, and a transdimensional breach
    Stellaris  is ...
  • WhatsApp now lets you search for GIFs from within its interface
    Spicing up your ...
  • How to Test Your Internet Speed from the Command Line
    How to Test Your Internet Speed from the Command Line
  • Google Assistant will learn to speak in Hindi this year
    SAN FRANCISCO ...

Random Posts

  • How to Choose the best Gaming Mouse
    How to Choose the best Gaming Mouse
    11.03.2017 - 0 Comments
    You don’t need a gaming mouse to play PC games—just about any mouse with two buttons and a wheel will…
  • Review of Fuji X-Pro2
    Review of Fuji X-Pro2
    24.02.2017 - 0 Comments
    Fujifilm VERDICT The new sensor gives the X-Pro2 a boost in picture quality, the new EVF and autofocus…
  • Latest HTC U Ultra first impressions: Will the bold gambit pay off ?
    Latest HTC U Ultra first impressions: Will the bold gambit pay off ?
    22.02.2017 - 0 Comments
    HTC U Ultra is trying to differentiate itself on the basis of design, secondary display, AI based software…
  • Looking to buy the Nokia 6 on eBay? Stay away!
    Looking to buy the Nokia 6 on eBay? Stay away!
    15.02.2017 - 0 Comments
    The Nokia 6 was unveiled last month by HMD Global and has been available solely in…
  • How to back up your Facebook data
    How to back up your Facebook data
    09.03.2017 - 0 Comments
    The longer you use Facebook, the more data you amass - there are apps you've added, photos…

Most Popular

  • Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Refer & ...
  • SAMSUNG GALAXY J7 (2016) REVIEWS
    SAMSUNG GALAXY J7 (2016) REVIEWS
    SAMSUNG GALAXY J ...
  • Top 5 Best SmartPhones under 7000 Rs (March 2017)
    Looking for the ...
  • Apple, IBM, Cisco are huge because of Indians, do not deny them H-1B visa: RBI Governor Urjit Patel
    ...
  • SAMSUNG GALAXY J7 (2016) Specifications
    SAMSUNG GALAXY J ...
  • BlackBerry Teases Marshmallow Beta Testing for Priv by Next Week
    Blackberry ...
  • LG Q6 Review
    LG Q6 Review
    2017 is ...

Contact Form

Name

Email *

Message *

Offers Zone

Created By Android Century Distributed by Android Century
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms of use
  • Advertise here
Subscribe Via Email Subscribe To Android Century By Email And Get Free Updates. ;-)


Your email address is safe with us!