Apple shares hit (another) all-time high

Apple’s shares traded above $136.74 in intraday trading on Tuesday before closing at an all-time high of $136.70. The company's market cap stood at $719.19 billion at the end of trading yesterday.

Morgan Stanley analyst Katy Huberty has raised her stock price forecast for Apple from $150 to $154, citing potential strong sales in China when Apple debuts the “iPhone 8” this year. She raised her overall fiscal year 2018 estimates for iPhone sales to 260 million and Apple’s earnings per share to $11.