Apple’s share price soared: at one point, it was nearly 6% higher than $1 trillion in market value

0
198

Relevant news: Apple’s third-quarter net profit of $53.8 billion fell 13% year-on-year.
On the evening of July 31, Beijing time, Sina Technologies News reported that Apple’s share price opened at $216.35 at local time today, and has climbed ever since. According to Sina’s financial data, as of 21:42 Beijing time, Apple’s share price was $221.09, up $12.31, or 5.9%.
Meanwhile, Apple’s market capitalization is over $1 trillion. According to Sina’s financial data, as of 21:42 Beijing time, Apple’s market value was $103,926.6 billion.
On the previous trading day, Apple closed at $208.78.
Apple Stock Price (Source: Sina Finance)
Apple today released its third quarter results for fiscal year 2019. According to the report, Apple’s net revenue in the third quarter was $53.809 billion, up 1% from $53.265 billion in the same period last year, and its net profit was $10.444 billion, down 13% from $11.519 billion in the same period last year. In the third quarter, net revenue in Greater China was $9.157 billion, down 4% from $9.551 billion in the same period last year.
Apple’s third-quarter revenue and earnings per share exceeded Wall Street analysts’expectations, and its fourth-quarter revenue outlook exceeded analysts’ expectations.
In addition, Apple’s board of directors announced that it would issue a cash dividend of $0.77 per share to common shareholders of the company, which would be paid to registered shareholders as of August 15, 2019 and the end of business hours as of August 12, 2019.