Apple shares touch record highs with increasing anticipation for spring iPad event, iPhone 8 launch

According to analysts 2017 is going to be a spectacular year for Apple.

apple stocks

Though Apple's shares and sales numbers both exceeded the expectations of Wall Street during the first quarter of the financial year that ended on December 31, 2016, it seems that there is no stopping to its success. The stock price of AAPL (Apple Inc.) is continuously hitting record highs with the ever increasing anticipation about the upcoming spring iPad event and mostly the launch of iPhone 8.

AAPL yesterday closed at a high 139.78 per share following several record breaking days over the last month. The stock price also hit a high for intraday trading today reaching 140.15 before closing. The record stock prices put Apple's market cap at 733.74B, not far off from its highest ever $775 billion record achieved back in 2015.

Throughout the last month, Apple has achieved record highs including a notable jump on February 14 following Goldman Sachs raising its 12-month target price for the stock based on anticipation for the next generation iPhones. AAPL stocks also benefitted from Warren Buffet's Berkshire Hathaway, which more than doubled Apple's holdings just in two months to $17 billion.

According to analysts, 2017 is going to be a spectacular year for the tech giant, which has already regained the top spot in the smartphone market across the globe, beating Samsung for the first time in five years.

This article was first published on March 3, 2017