Watch for Continued Gains in Shares of Apple Inc. (AAPL)

January 4, 2022 12:01:51

Shares of Apple Inc. (NASDAQ:AAPL) traded at a new 12-month high today of $182.90. Approximately 13.5 million shares have changed hands today, as compared to an average 30-day volume of 109.2 million shares.

Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods, and TV boxes (Apple TV), among others. The iPhone makes up the majority of Apple’s total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Card, and Apple Pay, among others. Apple’s products run internally developed software and semiconductors, and the firm is well known for its integration of hardware, software and services. Apple’s products are distributed online as well as through company-owned stores and third-party retailers. The company generates roughly 40% of its revenue from the Americas, with the remainder earned internationally.

Apple Inc. has overhead space with shares priced $180.41, or 0.7% below the average consensus analyst price target of $181.76.

Apple Inc. share prices have moved between a 12-month high of $182.90 and a 12-month low of $116.21 and are now trading 55% above that low price at $180.41 per share.

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