Investing.com – Shares of Apple (NASDAQ:) hit a new 52-week high on Monday after a report from the Nikkei Asian Review that said the iPhone maker wants its suppliers to ramp up production of its new lower-end iPhone 11 mobile device. The production boost suggests strong demand for the new model.
- The shares peaked at $229.48 around 1 PM ET (17:00 GMT) and were up 0.8% at $228.82 at 1:17 PM ET.
- Apple (NASDAQ:) is still slightly below its all-time high of $233.47 set on Oct. 3, 2018, just before the stock began a fourth-quarter 2018 swoon that saw the shares fall 30%. The shares are up 45% year to date.
- Apple (NASDAQ:) was the top performer among the 30 stocks in the , but the index was down 0.16%.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.