Ternus Era Sees Apple Stock Hit New Intraday Record

Apple's stock price reached a new intraday record on September 22, just three weeks after John Ternus took over as CEO. The stock briefly touched $345.34 before closing at $339.75, marking a significant milestone for the company.

The distinction between the share price and market capitalization is important to note. While Apple's intraday price was the highest on record, its market valuation is still below its earlier record of over $5 trillion in July. This is because the share count has changed since then.

Ternus officially took over as CEO on September 1, following a leadership transition that was announced months earlier. Despite this milestone, it's difficult to say whether the new leadership caused the rally. Apple's current products and financial plans were largely developed before Ternus became CEO.