Apple (NASDAQ: AAPL) share prices remained in the upper $120s last week, as they have for several weeks now. Shares opened the week at $127.39 and closed Friday at $128.77 for a little over a 1% gain on the week.
Apple (NASDAQ: AAPL) shares continue to hover in the upper 120s - opening last Monday at $129.50 and closing Friday at $127.62. Shareholders will be the recipients of a record dividend pay out this Thursday (May 14) of $0.52 per share. Expect dividends to continue rising as the company expands its stock buy-back program, to which its board recently approved adding $50 billion.
Despite announcing yet another stellar quarter, Apple (NASDAQ: AAPL) stock lost about 2.5% last week, opening Monday at $132.31 and closing Friday at $128.95. Share prices still hit an all time high of $134.46 on Tuesday during some of the heaviest trading of the year (volume was 118,924,000).
Apple (NASDAQ: AAPL) released its second quarter FY 15 earnings report yesterday, shortly after trading ended. In yet another record breaking quarter, the Cupertino giant again exceeded Wall St. expectations.
Earnings were fueled by record iPhone and Mac sales, alongside record App Store performance, which CEO Tim Cook lauded: "We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever." During the three month period ending March 28, Apple sold 61.17 million iPhones, bringing in $13.57 billion in revenue, up from $10.22 billion in the year-ago quarter. Sales of the handsets were driven by both international sales (which accounted for 69% of the quarter's revenue) and by people switching to the iPhone from other brands. Revenue was boosted by the higher average selling price of the iPhone, which was $659, up more than $60 from a year ago.
Apple (NASDAQ: AAPL) stocks performed well last week, gaining about 3.8% after opening Monday at $125.57 and closing Friday at $130.28. At the time of this writing, share prices are about $132.70, which is approaching Apple's high of $133.60, which was reached during trading on February 24, earlier this year. Chances are that share value will surpass that high mark soon, as Apple is set to release its Q2 FY 15 earnings after the market closes today, 5:00 PM EDT, 2:00 PM PDT. You can listen to streaming audio of the second quarter results conference call here.