Mighty Apple powers jump in Dow

Shares of Apple and, to a lesser extent, JPMorgan Chase are seeing positive growth Friday morning, propelling the Dow Jones Industrial Average into positive territory.

Apple Covent Garden in London
Apple Covent Garden in London

MarketWatch:

The Dow was most recently trading 72 points higher (0.3%), as shares of Apple Inc. and JPMorgan Chase are contributing about a quarter of the blue-chip gauge’s intraday rally.

Apple Inc.’s shares are up $9.82 (2.1%) while those of JPMorgan Chase have risen $0.92 (0.9%), combining for a roughly 74-point boost for the Dow.

MacDailyNews Take: Onward, Cupertino soldiers!

8 Comments

  1. I’m amazed AAPL is up after breaking the 2T barrier. Seems like investors are putting money into software and electronic large caps because they are less susceptible to COVID-19 fears.

  2. Apple specifically DOESN’T want more market share because that invites more monopoly problems, and they have a habit of not playing well with others…

    So they are unlikely to produce any lower costs machines – even though the $199 AppleTV is basically a mac now. Pity.

    1. If anyone wants a Apple device, all of which have long life and great resale value save up and buy them, lowering the price and making a cheap product isn’t the way Apple should go

      Let Samsung, Dell and HP do that.

      1. I’m not saying lower quality. But Apple adds weird limitations that make people pay for things that they shouldn’t need:
        • All hard drives are internally ATA, but macs have to pay $100+ for a thunderbolt adaptor that slows things down relative to a direct connection.
        •The life of an iPhone or iPad is shortened by having just one port that has to handle everything, and thus wears out quickly.
        • The inexplicable need to make iMacs and pro laptops “thin” thus limiting heat dissipation and then slowing them down.
        • There is not a single computer in existence that will never need a USB A port at some point, but you have to buy dongles dongles dongles, that are obsoleted on the next revision.

        So when I say “Spread the love”, I’m asking Apple to get back to empowering users instead of exploiting us. It used to be hilarious what a mess my windows using friends would end up with when they tried to do real work that I could do easily. These days I don’t even recommend Macs to my friends anymore. They seem so much harder to use then they used to be.

      2. Apple would do itself absolutely no harm by dropping RAM prices. The vast majority of people, through the years and when the machine allowed, ordered the base level and then purchased the upgrade from a 3rd party. It’s been like clock work for decades. How business silly is that, as one knowingly sends high margin purchases sideways?

        It’s becoming and will become more “interesting” as Apple increasingly prevents such upgrades with soldiered RAM. A review of the recently released 2020 Intel iMac, noted this is likely to be the last iMac where the RAM will be user upgradable. So, if Apple proceeds with the RAM status quo, it will corner the consumer while sticking it to them at the time of purchase. Drive/storage costs are relevant, but the ports still give customers alternatives.

        iCloud storage is a different animal, but a parallel product where Apple would be smart to price it as an ecosystem “benefit.” I’m not advocating free, or priced without profit, but such that people might embrace it more “carelessly” as they stuff it with Apple Music, Apple TV, News and… Continue on the road with “best security” platform and better iCloud pricing and it could be one of the top 3 reasons to choose Apple.

        1. The ram should be upgradeable, and iMac screens should be usable across more than one computer.

          Hope iCloud works out for others, but have no interest in storing anything on any companies computer not even Apple.

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