Friday’s Headlines: Apple Stock Hits All-Time High
1. Shares in popular robot vacuum maker, iRobot, were up more than 4% by market close on Thursday following the revelation of plans for a new range of products. Colin Angle, CEO of the Massachusetts-based company stated that iRobot is working on a limbed version of the company’s popular ‘Roomba’ which is able to help out with more complex tasks, like laundry, dishwashing, and food serving. Angle said iRobot wouldn’t start selling the enhanced Roomba for another five years, but he noted that a prototype version was being worked on at its lab. Get the full story here.
2. Apple stock rose more than 2% yesterday to reach an all-time high of $309.63, thanks to an iPhone sales spike in China. Apple shipped 3.2 million iPhones in China through December, up from 2.7 million units shipped in December 2018 — a growth of 18%. China is a key growth area for Apple, which has struggled against low-cost phone makers that sell Android phones, and these recent sales figures are a welcome sign of optimism for Apple. For a complete report, read here.
3. Boeing stock was up more than 1% on Thursday, despite this week's tragic crash in Iran. However, this could change following the damning release of hundreds of internal messages that contained harshly critical comments about the development of the 737 MAX, including one that said the plane was “designed by clowns who in turn are supervised by monkeys”. The messages also show attempts to duck regulatory scrutiny with employees ridiculing the plane, the company, the Federal Aviation Administration and foreign aviation regulators. Read the complete report here.