Apple hits another all-time high! What’s next for the stock?
After the market close on April 30 Eastern Time, Apple released its first earnings report under new leadership for Q2, reporting revenue of
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After the market close on April 30 Eastern Time, Apple released its first earnings report under new leadership for Q2, reporting revenue of $111.2 billion, a year-over-year increase of 17%; EPS was $2.01, up 22% year-over-year, with strong performance. Additionally, the chip shortage has driven up production costs, and the popularity of Apple's MacBook Neo has led to tight supply of the A18 Pro chips. Apple was forced to pay a premium to Taiwan Semiconductor to secure production capacity and doubled its production target to 10 million units. At the start of trading on May 8,$Apple (AAPL.US)$shares rose more than 2%, hitting another all-time high, with a total market value reaching $4.31 trillion. Can Apple maintain its low-price strategy? What’s your take on Apple's future stock price?
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Apple hits another all-time high! What’s next for the stock?
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