Shares of Apple Computer (AAPL) are up $1.60 to hit a new all-time intraday high of $90.01 per share in heavy volume (23,666,300) NASDAQ trading today.
It was just two weeks ago that we reported that shares of Apple Computer were up $2.37 to hit a new all-time intraday high of $79.90 per share.
NASDAQ Apple quote (15-minute delay) here.
MacDailyNews Take: Hang on folks, this is gonna be a wild ride!
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Apple Computer shares up strongly to hit new intraday all-time high near $80 – February 02, 2005
$10 more to go and I’m outta there
go apple go!!!
Looks like the split may well result in a share price between $47.50 and $50 and over 804 million shares in circulation.
So Apple will have gone from being worth $13.38 billion on the 5th September last year to possibly $40 billion less than six months later.
Now when is Apple going to start leveraging that market cap and the cash mountain that it is building every quarter.
dividends? yeah right. oh well.
Anyone else notice that Apple’s market cap passed Sony on Monday?
That must really be pissing them off!!
Too bad AAPL won’t reach the $ 100 mark before the split..
Critic – myself and Dave H commented on this, although it was actually yesterday that Apple passed Sony in terms of market cap, changing places several times, before finally settling in Apple’s favour at the market close.
Apple has already opened up a 3.5% gap on Sony today, and you have to say that the forthcoming split – with the accompanying increase in market liquidity – is likely to open that gap up decisively, possibly leading to a 14% gap in market cap by the end of the month.
Add in what is likely to be the 300 million download announcement by the end of February, record Q2 results (and more employee share options) by the end of March and more product launches – what awaits us for iTMS’s second anniversary – and AAPL could be heading towards $55-$60 by the end of June, and a market cap in excess of $45 billion.
Magic Word: strength! It fits.
Here’s hoping that Apple’s marketshare will top 5% in 2005. If Apple can do that, we’re looking at a $50 billion market cap at least. Apple’s biggest danger is getting complacent with its success. Let’s hope this split does not follow the historical pattern of Apple’s two previous splits.
MDN Magic Word is “big”, as in “big profits”, “big marketshare”, “big ideas.”
Steve has done it. Give us more gadgets!