Apple Hits 52-Week High, Reclaims Top Spot in US Stock Market; Positive Outlook for iPhone 16
TapTechNews July 9th news, Apple hit a 52-week high during Monday's trading session, with its stock price reaching $227.85, the opening price being $227.09, and the closing price being $227.82. The company's total market capitalization reached $3.49 trillion (TapTechNews note: currently about 25.46 trillion yuan), reclaiming the top spot in the US stock market capitalization rankings and surpassing Microsoft.
TapTechNews checked the latest US stock market information, and Apple ranked first in market capitalization with $3.49 trillion, followed by Microsoft with $3.47 trillion, and NVIDIA with $3.15 trillion ranking third.
Discount promotion shows power, China's iPhone shipments increased by 40% year-on-year in May
Based on the statistics data of the China Academy of Information and Communications Technology, Bloomberg said that Apple's domestic iPhone shipments in May this year increased by 40%, continuing the rebound momentum since April.
According to the data calculated by the China Academy of Information and Communications Technology (CAICT), the shipments of foreign brand mobile phones in China increased from 3.603 million units in the same period last year to 5.028 million units in May, an increase of 1.425 million units.
Bloomberg said that although the data did not explicitly mention Apple, Apple dominates among foreign brand mobile phones and believes that the growth in the shipments of foreign brand mobile phones is largely attributed to Apple's performance.
Positive outlook for iPhone 16
Supply chain sources disclosed that Apple has increased the order volume of the next-generation chip and is expected to purchase 90 million to 100 million A18 chips from TSMC, which reflects Apple's anticipation of strong demand for its iPhone 16 series.
It is reported that at the beginning of the release of the iPhone 15 series last year, the number of chips that Apple purchased from TSMC was about 80 million to 90 million. This year's increased order volume suggests that Apple expects higher demand for its 2024 new products.