Shares of Apple hit an all-time intraday high of $234.40 per share on Friday on optimism between U.S. and China trade talks.
The previous high was $233.47.MUNICH, GERMANY - SEPTEMBER 29: Tim Cook, CEO Apple, during the Oktoberfest 2019 at Kaeferschaenke beer tent.hit an all-time intraday high on Friday, reaching as high as $234.77 per share, a rise of more than 2% for the day. The last all-time high was $233.47 in October 2018.
The spike appears to be related to an impending resolution to China trade talks. President Trump said on Friday that there are "Wedbush Securities also upgraded the company on Friday. If the U.S. and China come to terms on trade, Apple could potentially avoid a tax on Chinese imports, which would either force the company to increase the price of its products or eat the cost itself. But, if talks sour, the U.S. is set to increase tariffs on $250 billion of Chinese goods 25% to 30%.
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