Apple Stock Rises on iPhone and Services Optimism

Apple’s shares have been on a rollercoaster this year, Market Realist writes. After falling over 30% in the last quarter of calendar 2018, the stock made a strong comeback this year, and now it is the top-performing stock in the Dow Jones Industrial Average (DJIA).

Apple plans to report its fiscal fourth-quarter results after the market close on Wednesday. Then two days later, on Nov. 1, it will premiere its long-awaited subscription video-on-demand service, Apple TV+, which features a lineup of exclusive, original shows, Investor’s Business Daily informs.

On the stock market, Apple stock climbed 1.2% to 246.58. In intraday trading, it hit an all-time high of 246.72. The consumer electronics giant has a market cap of $1.11 trillion, making it the world’s most valuable company.

On Septermber 11, Apple stock broke out of a first-stage, flat base at a buy point of 221.47, according to IBD MarketSmith charts.

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