According to foreign media reports on November 9, according to FactSet data, Apple's share price hit a record high on November 8. The company's market value exceeded the US$900 billion mark for the first time, reaching US$176.24 per share. The value is 904 billion U.S. dollars.
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Shortly after the release of the iPhone X, despite the high price of this phone, the supply was insufficient, but it still caused the public to blitz.
Apple's balance sheet is also better than Wall Street expects. Because the iPhone 8 series started faster and Mac computers hit a record high in the 2017 fiscal year, Apple’s quarterly profit announced this month was higher than expected, and revenue was also higher than expected.
According to the company’s quarterly earnings report, Apple has approximately US$268.9 billion in cash, of which approximately US$252.3 billion, or 94% of US dollars, is held by foreign affiliates. Apple’s net sales accounted for 63% of its overseas sales.
With a market value of 900 billion U.S. dollars, Apple has been waiting for a long time. However, although Apple's market value exceeded 900 billion U.S. dollars in the transaction, this figure did not persist until the close. This month, Apple also announced that it will reduce the number of issued shares. (Internship Compilation: Jiao Jinrui Reviewer: Li Zongze)
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