Friday, October 24, 2025

Apple shares hit new all-time closing high

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Apple shares hit new all-time closing high

MacDailyNews

Oct 24

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Apple shares hit new all-time closing high

In Nasdaq trading today, shares of Apple Inc. (AAPL) rose $3.24, or 1.25%, to $262.82, a new all-time closing high. Apple’s intraday high stands at $265.29 set on October 21, 2025.

Apple’s 52-week low stands at $169.21 set on April 8, 2025, the very date on which we wrote, “Sub-$170 AAPL seems like an absolute gift to us…”

Monday’s trading volume for AAPL shares was 36,743,399 versus Apple’s average trading volume of 54,759,101 shares.

Apple’s PE Ratio currently stands at 39.88.

Apple currently has a market value of $3.900 trillion, making it the world’s second-most valuable company.

The top five U.S. publicly-traded companies, based on market value:

NVIDIA (NVDA) – $4.535T
Apple (AAPL) – $3.900T
Microsoft (MSFT) – $3.892T
Alphabet (GOOGL) – $3.147T
Amazon (AMZN) – $2.391T

Selected companies’ current market values:

• Meta Platforms (META) – $1.855T
• Taiwan Semi (TSM) – $1.530T
• Tesla (TSLA) – $1.442T
• Berkshire Hathaway (BRK-A) – $1.062T

• Walmart (WMT) – $846.478B
• Netflix (NFLX) – $463.856B

• Advanced Micro Devices (AMD) – $410.450B
• Cisco (CSCO) – $279.214B
• IBM (IBM) – $286.405B
• SoftBank (SFTBF) – $215.256B
• Disney (DIS) – $200.793B
• Intel (INTC) – $182.106B
• Sony (SONY) – $172.262B
• Adobe (ADBE) – $147.983B
• Spotify (SPOT) – $132.887B

• Dell (DELL) – $106.321B
• Nokia (NOK) – $33.888B
• Hewlett-Packard (HPQ) – $25.854B
• SiriusXM (SIRI) – $7.206B
• BlackBerry (BB) – $2.827B
• Sonos (SONO) – $2.103B

• RealNetworks (RNWK) was delisted from U.S. exchanges on December 21, 2022 and is no longer publicly traded.

Apple all-time high (AAPL) via NASDAQ here.

MacDailyNews Take: Up, up, and away!

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Could Apple abandon Globalstar for Elon Musk’s SpaceX in new satellite deal?

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Could Apple abandon Globalstar for Elon Musk’s SpaceX in new satellite deal?

MacDailyNews

Oct 24

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According to a Thursday report by news outlet The Information, Elon Musk’s SpaceX could provide satellite connectivity to Apple’s iPhones in the future.

Aaron Tilley and Wayne Ma for The Information:
‎

In recent months, in anticipation of a possible future arrangement with Apple, SpaceX has added support in its new satellite designs for the same radio spectrum Apple uses for the iPhone’s current satellite features, which Globalstar provides, according to a person with direct knowledge of the matter. That could allow SpaceX’s Starlink unit to deliver satellite communications capabilities to existing Apple devices when Starlink’s next-generation satellite constellation begins operating in the coming years.
In recent months, in anticipation of a possible future arrangement with Apple, SpaceX has added support in its new satellite designs for the same radio spectrum Apple uses for the iPhone’s current satellite features, which Globalstar provides, according to a person with direct knowledge of the matter. That could allow SpaceX’s Starlink unit to deliver satellite communications capabilities to existing Apple devices when Starlink’s next-generation satellite constellation begins operating in the coming years.
At the same time, the chair of Globalstar, James Monroe, has talked to associates about the possibility of selling his satellite company for more than $10 billion, said people who heard him make the remarks (Globalstar’s current market capitalization is $5.3 billion). Such a deal could signal that Globalstar and Apple are seeking more independence from each other.
A deal between Apple and SpaceX would significantly boost Musk’s aspirations for SpaceX to become a significant provider of wireless services directly to phones. Starlink is currently the leading provider of satellite internet service, mostly to customers who use it via antennas atop their homes or vehicles. But connecting ordinary smartphones to satellites—to keep those devices online when they’re out of reach of conventional cellular networks — could greatly expand the reach of Starlink’s services.
SpaceX is investing heavily to realize that goal. Last month, it reached an agreement to acquire EchoStar’s wireless spectrum for $17 billion. That spectrum will help SpaceX deliver faster internet service to phones globally. It already has partnerships with traditional telecom players like T-Mobile to connect its satellites directly to phones. Last month, SpaceX President Gwynne Shotwell said the company is working with chipmakers to get them to integrate Starlink connectivity into phones…
Globalstar has struggled against SpaceX’s growing dominance in satellite communications and remains highly dependent on Apple, which has invested around $2 billion into Globalstar over the past three years. In Globalstar’s most recent quarterly earnings filing, it included a warning for the first time about Apple, its most important customer: “The loss of the Customer would likely have a material adverse impact on our financial condition, results of operations and cash flows.”
SpaceX, in contrast, is an ambitious, well-capitalized juggernaut that recently launchedits 10,000th Starlink satellite and accounts for more than 60% of all active satellites orbiting Earth, by some estimates. One of Starlink’s biggest advantages is the fact that SpaceX rockets launch more payloads into space than any other company or government in the world.

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MacDailyNews Take: Apple would do well to think apolitically and ink deals to use both SpaceX’s superior Starlink satellite connectivity and xAI’s outstanding Grok in Apple Intelligence.

iPhone users, including non-T-Mobile subscribers, can add T-Satellite with Starlink by calling 1-844-638-8913 or visiting a T-Mobile retail store. More info here.

Note: On February 28, 2023, Apple lent Globalstar $252 million to help cover upfront costs for replenishing its low Earth orbit (LEO) constellation to support Apple’s “Emergency SOS via satellite.”

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Apple pulls ‘Tea’ and ‘TeaOnHer’ apps from its App Store

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Apple pulls ‘Tea’ and ‘TeaOnHer’ apps from its App Store

MacDailyNews

Oct 24

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This summer, the Tea app — a platform where women anonymously rated and discussed men, ostensibly to help each other date safely —suffered data breaches that exposed users’ personal information. In response, men launched a counterpart app called TeaOnHer, while Tea faced a class-action lawsuit from users furious over their private data being vulnerable to hackers. Now, Apple has removed both from the App Store.w

Lindsey Ellefson for Lifehacker:
‎

Tea was around for about two years before it unexpectedly went viral in July, which led to at least two distinct data breaches, the second of which occurred when a data expert discovered that not only were some users’ pictures stored in an unsecured manner, but some private DMs were, too.
Part of the reason the app went so viral in the first place was that a lot of people were uncomfortable with its premise. It functioned like Yelp, but instead of reviewing businesses, women could review men. The men had no recourse or due process; they couldn’t even access the app, let alone respond to anything said about them.
Some people found that unfair and others saw an opportunity to cash in on the discontent. TeaOnHer, an app with the same premise but aimed at men, hit the App Store about two weeks after the Tea hack. The privacy discourse continued, but both apps remained up in the Apple App Store anyway. Until now.
Apple confirmed to TechCrunch that the apps were pulled because they failed to meet the company’s requirements for user privacy and content moderation

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MacDailyNews Take: Buh-bye.

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