Shares on the Apple stock, ‘AAPL’ are being traded beyond the $234 mark, which is the highest it’s ever been on the intraday market. CNBC reports that the previous record for the Apple stock was $233.47, which happened in October of 2018.
In the previous month, Apple stock has risen to about 10%, fueled by reports that the iPhone 11 Pro and the iPhone 11 have had sales that went above expectations in countries India, China and the United States. This was mentioned by Tim Cook, Apple’s CEO in an interview with Stern, a German news site.
Also, the recent trade talks between China and the U.S. was attributed to the stock spike of the tech company. If both countries agree to terms, Apple may avoid having to pay taxes on Chinese imports.
The Cupertino-based company will be reporting its 4th quarter earnings by October 30 on Wednesday when the stock market closes.