It’s been awhile. After Apple’s last earnings report on April 26, 2016, the price of Apple shares dropped below the $100 and until today, it had not returned to that level. Based on anticipation of the iPhone 7 family this fall and “better than expected” news from the company when it releases its third-quarter earnings next week, shares went above $100 briefly and are now hovering around that mark.
On April 26, shares of AAPL were selling for about $104.35, but dropped precipitously after Apple provided cautious guidance for the third quarter. Share prices have crept up since then, and are now within sight of that previous high. Of course, Apple’s share price usually drops after any earnings report — good or bad news — so expect to see another dip after next week’s earnings call.
