Once again, Apple (NASDAQ: AAPL) stock closed the week at a record high. Share prices closed at $114.18 on Friday, a day after Apple paid a dividend of $0.47 per share on 5.87 billion shares for a record $2.9 billion pay out. This makes Apple the largest dividend payer of the year, just ahead of Exxon Mobil. The company's market cap now stands at its highest ever, $665 billion.
Recent research data show that, in the first thirty days, the iPhone 6 outsold the iPhone 6 Plus by a 3 to 1 margin. According to UBS analyst Steven Milunovich, surveys in the Chinese market show there is much higher demand there for the larger model. Considering this, UBS raised its target price for Apple shares from $115 to $125.