Watch for Continued Gains in Shares of Apple Inc.

Shares of Apple Inc. AAPL traded today at $170.20, eclipsing their 12-month high. This new high was reached on below-average trading volume as 13.1 million shares traded hands, while the average 30-day volume is approximately 77.8 million shares.

Apple Inc. share prices have moved between a 12-month high of $170.20 and a 12-month low of $116.21 and are now trading 46% above that low price at $169.58 per share.

Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods, and TV boxes (Apple TV), among others. The iPhone makes up the majority of Apple’s total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Card, and Apple Pay, among others. Apple’s products run internally developed software and semiconductors, and the firm is well known for its integration of hardware, software and services. Apple’s products are distributed online as well as through company-owned stores and third-party retailers. The company generates roughly 40% of its revenue from the Americas, with the remainder earned internationally.

Apple Inc. defies analysts with a current price ($169.58) 5.4% above its average consensus price target of $160.45.

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