Apple shares hit an all-time high. About 3 weeks after John Ternus became CEO, the stock briefly reached $345.34, surpassing the July high of $344.57.
According to 9to5Mac, Apple shares briefly reached $345.34 shortly after trading began in the U.S. market on 22 September Japan time, surpassing the previous high of $344.57 set in July. The stock’s recovery to elevated levels about 3 weeks after the change in leadership is said to reflect investors’ positive reception of the new management structure and the company’s future roadmap.
After Apple’s July earnings, the stock fell by around 10% at one point as the results diverged from market expectations, but it has gradually recovered since then despite considerable volatility. The shares came under negative pressure around the September event “Surprise and Shine,” but sentiment toward the announcements subsequently improved.
Smartwatch-focused media continue to monitor Apple’s share price in the context of future product launches, while taking into account developments in the wearables sector, particularly the Apple Watch. The article focuses primarily on the stock’s record performance and does not present a specific investment view.