Oliver Haslam·

Apple Stock Reaches $500 Per Share And Beyond

Apple’s stock price has been on an upward trajectory since March of this year after it took a bit of a nosedive thanks to the coronavirus pandemic.

Things are better than ever right now as well, with a single share now worth more than $500. And who would want to bet against it going even higher in the coming days and weeks.

With an iPhone launch just weeks away, Apple’s stock is in a good place right now, despite lawsuits coming out of Tim Cook’s ears and accusations of anti-competitive behavior stacking up. And with a market cap north of $2 trillion, it’s fair to say the company’s shareholders are pretty happy, too.

Apple has seen its stock price more than double since its low of around $224 back in March of this year and, again, it’s only likely to go up. The company has announced that a four-to-one stock split will take place at the end of August, so the individual value of a share will obviously fall in that regard, however.

That will take a single share to around the $125 mark, although everyone who had a single share will have four as of August 31.

Apple’s iPhone announcement will likely also come alongside a new Apple Watch and potential iPad announcement, both things that should help the stock price increase yet further.

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