AAPL Financial News Weekly Roundup: Market Cap Passes $700 Billion, Tablet Sales Slump and More
Submitted by Jon Reed on
For the first time in over a month, Apple (NASDAQ: AAPL) share prices did not close the week at an all time high. Shares traded at a low volume on Friday and closed the day at $118.93. The day before Thanksgiving, however, shares did close at an all time high of $119.00. Monday saw shares close at a record high as well, $118.63. The company also hit a record market cap of $702 billion on Tuesday morning when shares approached $120.
The App Store also recently broke a record. According to Fiksu's App Store Competitive Index, daily downloads jumped from 5.5 million in September to 7.8 million in October, a record high jump of 42%. It also represents a 39% year-over-year increase.