Apple's Stock Approaching $500 Mark After Becoming $2T Company

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Just two days after becoming a $2 trillion company, Apple continues to experience impressive momentum on the stock market, with shares in the company rising around four percent in intraday trading as of writing.


Apple's stock price is quickly closing in on the $500 mark and has more than doubled since bottoming out at $224 in late March. Despite the global health crisis, the company set a June quarter revenue record of $59.7 billion, buoyed by strong Mac and iPad sales as more people work, learn, and connect with others from home.

Apple recently announced a four-for-one stock split that will take effect for shareholders of record as of August 24, with split-adjusted trading to begin on August 31. This move will not directly affect the company's valuation.

Apple is one of several companies that has seen its stock price surge since March, alongside the likes of Tesla, Amazon, Microsoft, and Google.

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How to get an Apple student discount from the Apple Education Store

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Apple Shares Could Surge Another 27%, Says Wedbush Analyst

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After reaching a market value of two-trillion dollars earlier this week, Apple may yet surge by another 27 percent, according to Wedbush analyst Daniel Ives (via BusinessInsider).



Ives believes that Apple has the potential to make further significant gains over the next year, even though the company has already hit the milestone two-trillion dollar valuation. He has classified Apple stocks with an "outperform" rating, with a target price of $515 and an optimistic bull case of $600. This prediction would place Apple as much as 27 percent higher than it closed yesterday.

"We still believe the stock has a lot of gasoline left in the tank with an iPhone 12 'supercycle' on the near term horizon," Ives wrote.

Ives described the possibility as a "once in a decade" opportunity, as "we estimate roughly 350 million of Cupertino's 950 million iPhones worldwide are in the window of an upgrade opportunity." He believes in "massive pent-up demand around this supercycle," which is the main indication that Apple's price could surge going into next year. China is also crucial to Ives' analysis, where he sees "considerable strength" that could account for approximately 20 percent of iPhone upgrades over the next twelve to eighteen months.

Beyond the ‌iPhone‌, Ives' thesis places considerable emphasis on Apple's increasing services ventures, which he values between $700 billion to $750 billion. He believes that Apple services could generate more than $60 billion in annual revenue next year alone. He also recognizes the boom in wearables, such as AirPods and Apple Watch, which have seen an increase in sales of 25 million units this year.

Tags: AAPL, Wedbush

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Apple Begins Selling Refurbished 10.2-Inch iPad Models

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Apple this week began selling certified refurbished 10.2-inch iPad models for the first time in the United States, Canada, and select other countries. Prices are discounted by around 15 percent compared to brand new models.


Apple says certified refurbished iPad models are thoroughly inspected, tested, cleaned, and repackaged in a new white box, with all accessories and documentation included. Every refurbished iPad receives a new battery and a new outer shell, making them virtually indistinguishable from brand new iPads.

Refurbished iPads are covered by Apple's standard one-year warranty. This coverage can be extended to two years with AppleCare+ for the 10.2-inch iPad, available for a one-time fee of $69 or $3.49 per month for 24 months in the United States.

Introduced in September 2019, the 10.2-inch iPad features an A10 Fusion chip, 32GB and 128GB storage capacities, a Smart Connector for Smart Keyboard support, first-generation Apple Pencil support, a Touch ID home button, an 8-megapixel rear camera, and up to 10 hours of battery life. It is available in Silver, Gold, and Space Gray.

While certified refurbished iPads represent a decent opportunity for savings straight from Apple, better deals are often available from resellers like Amazon and Best Buy. Be sure to monitor our Apple Deals roundup.

(Thanks, Shanmugam Senthivel!)

Related Roundup: iPad

Tag: refurbished

Buyer's Guide: iPad (Neutral)

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Deals: iPhone and iPad Accessory Sales Include Low Prices on Smart Battery Cases, AirPods Pro, and More

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Today we've collected a few iPhone and iPad accessories that are on sale at places like Amazon and Verizon. In the sales, you'll find discounts on Apple's official Smart Battery Cases, silicone cases, Magic Keyboard for iPad Pro, AirPods Pro, and more.

Note: MacRumors is an affiliate partner with these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running.

AirPods Pro

Verizon's popular deal on the AirPods Pro is back this week, allowing you the chance to get Apple's Bluetooth headphones for $219.99, down from an original price of $249.99. We've seen the AirPods Pro at a lower price at smaller retailers, but this remains the most consistent sale on the noise-cancelling headphones and is the best around online right now.



This time, the discount on Verizon has been automatically applied, so all you have to do is add the AirPods Pro to your cart and check out to get the deal. Verizon supports free two day shipping, and some retail stores are offering same-day pick-up for some locations across the United States.

$30 OFF

AirPods Pro for $219.99

AirPods Pro are Apple's high-end headphones, with support for Active Noise Cancellation. The AirPods Pro also have overall better sound quality than the AirPods, and custom silicone ear-tips that provide a more snug fit for different ear sizes.

iPhone Cases

This week, Amazon has solid discounts on Apple's official iPhone cases. With these discounts, you can get Silicone Cases, Clear Cases, Leather Cases, and Smart Battery Cases for the newest iPhones for as low as $11.97.



Below you'll find every iPhone case on sale for the iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max. If you head to Apple's store page on Amazon, you can also find cases for the iPhone XR and iPhone XS devices at a discount.

iPhone 11 Cases

• Clear Case - $20.86, down from $39.00


• Silicone Case - $13.17, down from $39.00

iPhone 11 Pro Cases

• Clear Case - $11.97, down from $39.00


• Silicone Case - $13.36, down from $39.00


• Leather Case - $14.99, down from $49.00


• Smart Battery Case - $90.99, down from $129.00

iPhone 11 Pro Max Cases

• Clear Case - $20.97, down from $39.00


• Silicone Case - $13.19, down from $39.00


• Leather Case - $31.99, down from $39.00

iPad Accessories

There are also a few iPad Pro accessories on sale this week on Amazon, starting with the 2018 model of the Smart Keyboard Folio for the 12.9-inch iPad Pro priced at $129.97, down from $199.00. The new 2020 Magic Keyboard for the 12.9-inch iPad Pro is at $329.98, down from $349.00, and both sales represent Amazon low prices for each accessory.

If you're on the hunt for more discounts, be sure to visit our Apple Deals roundup where we recap the best Apple-related bargains of the past week.

Related Roundup: Apple Deals

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