Apple Inc. (NASDAQ:AAPL) shares performed very well throughout the week, as the company bombarded shareholders and investors with good news consistently.
The first major news in favor of a stronger position for Apple’s stock listed on the NASDAQ stock exchange came from China. According to recent reports released by the company, Apple Inc. is performing much better in China than it is in the US, as the company enjoys a much larger market for its products in the Asian country. The news is great for the company, as, previously, Apple had its biggest market in the US. Now, however, the company enjoys a significantly larger portion of its revenue coming in from China, which is only growing further day by day.
Shares of Apple also rose consistently due to earlier reported figures of a record-breaking Q4 2014. The company generated total revenue of $18 billion in the fourth quarter, which is the greatest any tech company in the smartphone business has ever accumulated in a single quarter.
It also came into the picture that Apple now stands side by side (if not ahead of) with Samsung in the smartphone industry market share competition, and may soon overtake the latter, taking the top spot from defending champion Samsung after 3 years of reign. Samsung assumed the top spot on this list in 2012.
Apple Stock Position for the week
The week opened for Apple stock at the stock value of 113.74, slightly above last week’s closing value of 112.98. Initially, the stock rose to the value of 114.36, which was also the highest point for the day of the stock. However, then the stock value fell slightly below the opening value, and reached the day’s lowest value of 112.80. The stock closed slightly below its opening value, at 113.10.
The next day, shares opened slightly below their last day’s closing value, at 112.42. The stock value improved very slightly in the first half of the day, to 112.48. However, then the stock value crashed, and reached the day’s lowest point at 109.03. Apple closed at the value of 109.14 as the trading day came to a close.
The tech giant opened very high on January 28th 2015, at 117.62, more than 8 points above last day’s closing value, due to positive news outcomes from the company. Initially, stock market value improved slightly to 118.12. However, then the value came down to its lowest point of the day to 115.31, which was also the closing value of the stock for the day.
January 29th 2015 was relatively the best performing day for Apple’s stock. The stocks opened to the value of 116.32, and, though initially slightly fell to the value of 115.56 (the lowest point of the day), it improved to the value of 119.19 (the highest point of the day). The stock couldn’t maintain its highest point, though, and closed at the value of 118.90.
The last day of the week was not very eventful for Apple Inc. (NASDAQ:AAPL). The opening value for the stock stood at 118.40. Initially, the stock showed much promise and improved to the day’s highest point of 120.00, which was also the highest point of the week for Apple stocks. However, the stock value fell in the second half of the trading day, to the value of 116.85. Slightly improving before closing time, Apple stocks halted at 117.16 as the trading day came to an end.
