Apple Nears $5 Trillion Market Cap Ahead of July 30 Earnings
AAPL sits 62% above its 52-week low of $201.5.
Summary
Apple's market cap is approaching $5 trillion, with shares up 9.8% from the June 22 close and now about 4% away from the milestone. The rally sets high expectations for the fiscal Q3 report on July 30, where consensus estimates call for EPS of ~$1.89 on revenue of $107.2–$110.0 billion. This follows a strong Q2 and a $100 billion buyback authorization, but also recent headwinds including a 19% iPhone shipment drop in China and a 6% single-day stock decline in late June. The earnings will test whether fundamentals can justify the valuation run-up.
At the time of this announcement, AAPL was trading at $326.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.8T. The 52-week trading range was $201.50 to $334.99. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Binance News.