May 16, 2012 - 05:16 PM EDT — AAPL: 546.075 (-7.095, -1.28%) | NASDAQ: 2874.04 (-19.72, -0.68%)

Apple shares close up $2.33 set new 4-year high at $50.30

Wednesday, October 27, 2004 · 3:45 pm · 19 Comments

Shares of Apple Computer (AAPL) closed up $2.33, or 4.86%, at $50.30 in NASDAQ trading today on 21,350,328 share volume to set a new four-year high. Apple’s previous 52-week high at market close was set on October 19, 2004 at $48.35.

The new close is Apple’s highest since September 2002.

Apple’s market value now stands at $19,512,627,500 with 387,925,000 shares outstanding.

“Apple’s rise came a day after the company unveiling its new iPod Photo device, which can store and display digital picture in addition to playing music. Chief Executive Steve Jobs was joined by U2 members Bono and The Edge to show off a special edition U2 iPod at an event in San Jose, Calif.,” CBS MarketWatch reports.

NASDAQ AAPL quote here.

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Comment Feed

19 Comments

NoPCZone

Wednesday, October 27, 2004 - 5:08 pm · Reply

Apple’s now almost a $20 Billion company, time to go shopping. What is your vote
1 XM Satellite Radio
2 Sirius Satellite Radio
3 PalmSource (OS Owner- not hardware)
4 Adobe
5 Macromedia
6 ?
r8ix

Wednesday, October 27, 2004 - 5:21 pm · Reply

Why is MDN always $.01 off on their stock quotes? It’s actuall $50.30!
RePlay

Wednesday, October 27, 2004 - 5:28 pm · Reply

#1 Adobe (probably wouldn’t sell though. Macromedia and Adobe would be nice, but the SEC and Justice Dept. might not like them buying that much of the market.)

#2 PalmSource (aggressive Apple innovation could put the Palm platform miles beyond Windows CE and stall the MS juggernaut, plus vastly improve the intergration with the Mac platform. Might be a morphing point for an eventual tablet Mac.)

#3 XM or Sirius (I don’t care about radio to begin with, but maybe Apple’s careful research sees something coming that I don’t.)
Simple1

Wednesday, October 27, 2004 - 5:32 pm · Reply

go apple, go apple, it’s ur burthday, we gonna purty like it’s ur burthday and we don’t give F**K if i’s ur burthday!! lol well things can’t get any better can it?? can u imagine PB g5 in january, things are looking like sky is the limit now
hellstudios

Wednesday, October 27, 2004 - 5:39 pm · Reply

I knew I should have bought shares when Steve came
Al

Wednesday, October 27, 2004 - 5:40 pm · Reply

Buy or merge with HP. Kick this breakthrough into high gear.
Rob

Wednesday, October 27, 2004 - 5:43 pm · Reply

Yeah, if Apple ever owned both Adobe and Macromedia, they’d have the creative market virtually monopolized.

I say buy up Roxio. Keep Toast and their software division and dissolve the rest of it including Napster…
Rob

Wednesday, October 27, 2004 - 5:47 pm · Reply

Nevermind, I see Sonic has already bought up the software division a short time ago. For $80 Million Apple should have snapped that up.
NoPCZone

Wednesday, October 27, 2004 - 5:50 pm · Reply

It wasn’t both, but which one. Adobe is the big fish at $14 Billion Market Cap. PalmSource is a couple of Hundred Million, Macromedia +/- 3.5 Billion. XM is preparing to market a “Personal” version of the XM Satellite Radio. How about an iPod with 100 channels of commercial free digital satellite radio you could get anywhere? Beats the H*ll out of subscription music from Napster.
NoPCZone

Wednesday, October 27, 2004 - 5:53 pm · Reply

XM could be bought for 6.7 Billion. How about iTunes Radio?
king_alvarez

Wednesday, October 27, 2004 - 5:57 pm · Reply

how about .Mac members getting a subscription to XM on their iPods.
mike

Wednesday, October 27, 2004 - 6:40 pm · Reply

Rob.. careful.. cutting Adobe for XP might not be an obvious way to convert people to the Mac..

That would just open up a huge market for other companies…Quark..
effwerd

Wednesday, October 27, 2004 - 6:52 pm · Reply

Quark wouldn’t be able to capitalize anything from an Adobe vacuum. Then again, if users are working on Windows they might not notice that Quark blows chunks. But I agree, cutting Adobe from XP would be stupid (the market is huge), though I don’t think that’s what Rob was advocating.
mike

Wednesday, October 27, 2004 - 9:11 pm · Reply

Well.. effwerd.. you just answered your own question.. if Apple made Adobe apps exclusive to Macs, in an attempt to OWN the digital media software market and make the Mac THE platform for content creation.. Quark would benefit tremendously by getting a crack at all the people would didn’t (for whatever reason) want to switch to Mac just for one or two programs…

I also don’t think that’s what Rob was advocating.. although I was waiting for someone to say it..
r8ix

Wednesday, October 27, 2004 - 9:40 pm · Reply

P.S. Should be:

“The new close is Apple’s highest since September 2000.”

not

“The new close is Apple’s highest since September 2002.”
NoPCZone

Thursday, October 28, 2004 - 12:33 am · Reply

Apple stock hits $50/share, the Red Sox SWEEP the Cardinals in the World Series from a WildCard Slot, a Non-Tropical Storm with Hurricane force winds hits Ireland and a Lunar Eclipse all in the same day. The world has gone crazy.
Are you sure this is late October and not April 1?
Less is More

Thursday, October 28, 2004 - 9:46 am · Reply

Yup, now is the time to go shopping — TiVo.
MCCFR

Thursday, October 28, 2004 - 3:47 pm · Reply

Apple’s market cap has actually increased by 50% since the 5th September. Strangely, Macromedia’s market cap has increased by around 47% in the same period, and is now worth just under $1.9 billion.

My two favourite targets for Apple are Macromedia (thus acquiring a complete new media solutions stable) and EMI plc (thus acquiring EMI & Virgin Records, including the Parlophone, Capitol (EMI America), Harvest, Charisma and Chrysalis imprints as well as EMI Music Publishing.)

EMI is worth around �1.8 billion, which is around $3.25 billion.

Apple has around $5.5 billion in cash, and a market cap of $20 billion – so I’d buy Macromedia in an all-paper deal, and pay for EMI using around $1.3 billion in cash and the rest in paper.

The result would be that Apple would be able to keep hold of more iTMS money attributed to EMI artists and could convince artists like Radiohead, The Rolling Stones and The Beatles to come on board. Apple would even start to earn money from the music stores it doesn’t own.

Apple share value would of course reduce in the short-term (having issued another 40 million shares), but the payback would be increased interest in the shares and – in the long-term – the start of a media group to rival Sony.
MCCFR

Thursday, October 28, 2004 - 3:50 pm · Reply

Sorry – bad spreadsheet reading.

It’s not 40 million shares, but 80 million – it’s still worth it, and EMI’s shareholders would probably jump at the chance.