The world is loving Apple.
The company’s stock price hit a record-high Tuesday morning, opening at $133.47 per share. That’s above its previous high of $133.00 on Feb. 23, 2015 and an overall rise of more than 40 percent over the last year.
Apple is now valued at more than $706.6 billion, outshining Alphabet’s $574.9 billion and Amazon’s $401.6 billion as of Tuesday morning.
What that boils down to is investors are happy with Apple’s status and trajectory, despite the company’s previous drops. The big bets, including original video, are spurring confidence rather than doubt.
The end of the iPhone is no longer in question. Apple brought in its first growth in iPhone sales and quarterly revenue growth since the last four quarters.
Meanwhile, Apple has been diversifying its revenue and intriguing more consumers by growing its services and content division.
Late Monday, Eddy Cue, Apple’s senior vice president of internet software and services, unveiled the trailer for its new original video series, Planet of the Apps.