Apple Computer shares crack $90, hit new all-time high for third straight day

Shares of Apple Computer, Inc. (AAPL) hit another new all-time high today, closing at $90.31, up $1.71 or 1.93%, on volume of 23,831,895 shares.

With 852,988,000 shares outstanding, Apple’s market value currently stands at $77,033,346,280.

On Monday, Apple shares closed at an all-time high of $86.47. Yesterday, Apple shares also closed at an all-time high of $88.60.

Apple’s 52-week low was $50.16, set on July 14, 2006.

Happy Thanksgiving and, as always, thanks for visiting MacDailyNews and iPodDailyNews!

Related articles:
Apple shares hit another new all-time high – November 21, 2006
Expert: ‘Apple will be a triple-digit stock in a matter of months’ – November 21, 2006
Apple shares hit new all-time high – November 20, 2006

68 Comments

  1. I bought 3 blocks of AAPL at a split adjusted average of just under $6/share. And I bought a lot for a working engineer raising a family. Now, in early retirement, the investment is paying off big time. And we still have some heady growth years ahead of us. We are watching Apple in the early phases of its conquest of the leadership position of the consumer electronics industry.

    MW: can
    AAPL can do it!

  2. Rog the Dodge,

    A great site for AAPL discussions — and a great bunch of guys to boot are at:

    http://www.macobserver.com/forums/viewforum.php?forum=7&6

    I lurk there. These guys do a lot of short term — options — trading, which I do not do. I stick with long term AAPL investment with no leverage.

    I gain from the discussions, because I find stories of business fundamentals that concern Apple, its competitors, suppliers and customers. I visit the site several times a day.

    MW: friend
    I consider the posters on the above web site to my friends.

  3. I bought my first shares of Apple stock back in the dark days, just before Gil Amelio became CEO. When Steve Jobs rejoined the company, I bought more. ‘Just hate that I sold some when it hit $40 several years ago, but thankfully, it split and is worth more now.

  4. Zach tell me what George W. Bush did in 6 YEARS???? besides
    kill 3,000 troops?
    any comments on Bush’s largest ever Federal deficit?
    any comments on Bush’s largest ever Trade deficit?

    oh and BTW During the administration of President Bill Clinton, The US enjoyed more peace and economic prosperity then at any other time in the nations history. funny isn’t it He also turned the GREATEST FISCAL deficit in American history into a SURPLUS. Gave that to the Republicans where are we now Zach?? get your facts boy before you post.

    MDN MW/march as in march to peace.

  5. Silver Surfer

    a little free with the facts there, aren’t you?

    deficits ae to be measured against GDP, not just amounts, even adjusted for inflation.

    there was never a surplus under Clinton. The deficit was lowered, but the numbers on the paper took some liberties to reach that figure.

    be mindful of those riptides the media throws at you.

    Zach, get a grip (no,not on THAT) you’re not helping, unless you are a stooge.

  6. Dude– do you remember the economic bubble bursting? 9/11? Clinton had successes, but not all of it by any means. Under him, he declared the end of the business cycle, he was so convinced theings would grow forever. At that time unemplyment was 4.7%, the lowest in history. The “surplus” really wasn’t there, except on paper, considering that Social Security is, for the most part, built to be insolvent year after year. It’s an accounting trick.

    Oh, and what unemployment now? 4.5%. Even during war. The deficit is big, but the money being generated is even bigger. I’n not arguing we should keep on this track in perpetuity, but geez, silver surfer, have some more perspective and little less bile.

  7. silver surfer – you will not be allowed to rewrite history here. The new Republican Congress elected in 1994 balanced the budget. Clinton would have simply continued over-spending as Congress had been doing for over 40 years.
    Now let’s get back to the Mac!

  8. Roberto,
    So what happened? The GOP has been in full control of both the executive and legislative branches the last six years, yet spending is through the roof. You can’t blame Democrats for that– they’ve been the minority power! So what happened to the fiscally responsible GOP?

  9. The growing global economy of the last decade is really diminishing the policy impact of the dems/repubs. Policy changes (depending on who you talk to) usually take about decade show in the economy.
    Really it’s the Fed Reserve that’s had the most influence on the US economy (Greenspan has been at the helm since Reagan appointed him in 1987).

    I for one was not happy with the administration lack of fiscal control. They were spending like, well like the Dems are known for.

    That said, I would prefer to see some control on spending rather then tax increases.

    I’m most worried about- Capital Gains taxes. So no matter how much I think AAPL is going to increase over the next 5 years, I’m probably going to sell 10-20% prior to 2008.

  10. Thx Occam’s,

    I’ll each an extra pound of food for our friends in the UK. And raise a pint or 3 of Boddingtons, then some Newcastle then I’ll do it all over again.

    Then it’s back to the treadmill.
    – sigh

  11. It’s a fact that Liberals want to give Bill Clinton credit for the economic success of the 90’s but they always fail to mention that it was the “INTERNET” and “COMPUTER TECHNOLOGY” that drove that success. Everything, from software to hardware. Add to that the technology created for military weapons and you have a freaking BOOM economy.

    So, please, liberals, it wasn’t Bill Clinton. It was American know how, genius, old fashioned capitalism that fueled it.

    Ok, maybe you can give credit to Al Gore. After all, he “invented” the internet.

    hahaha

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.