Apple Inc. (NASDAQ:AAPL) shares are trading higher $6.45 at $127.80 in Wednesday's session.
The catalyst for the rally is a solid Q1 EPS beat of $0.14 along with nearly a $1 billion beat for revenues. The company exceeded estimates for iPhone sales of 76 million, selling 78.3 million.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Its opening print of $127.03 is only $0.02 from its current low of $127.01. It has continued to make new highs for the session with the current one standing at $128.30.
That puts the issue back at levels not seen since July 2015.
Apple is now trading in an area with not many reference points. In fact, there is void in price based on the daily chart from $130.75 to $125.22. That area represents the its change price from July 21 to July 22, when the Street wasn't satisfied with its Q3 report.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.