Shares of Apple Inc. (AAPL) rose $11.50, or 1.87%, to close at $625.63. Apple also notched a new intraday 52-week high of $625.86 today.
Apple’s previous 52-week high was $614.73, set on May 23, 2014.
Apple’s 52-week low stands at $388.87, set on June 28, 2013.
Apple, the world’s most valuable company, currently has a market value of $538.91 billion.
The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – $538.91
2. Exxon Mobil (XOM) – $435.28B
3. Google (GOOG) – $381.73B
4. Microsoft (MSFT) – $331.99B
5. Berkshire Hathaway (BRKA) – $314.50B
Selected companies’ current market values:
• IBM (IBM) – $187.03B
• Disney (DIS) – $145.02B
• Amazon (AMZN) – $143.03B
• Intel (INTC) – $132.96B
• Cisco (CSCO) – $126.58B
• Hewlett-Packard (HPQ) – $62.56B
• Yahoo! (YHOO) – $35.36B
• Adobe (ADBE) – $32.48B
• Nokia (NOK) – $29.19B
• Sirius XM (SIRI) – $20.03B
• Sony (SNE) – $17.30B
• BlackBerry (BBRY) – $3.78B
• Advanced Micro Devices (AMD) – $3.08B
• RealNetworks (RNWK) – $0.28B
AAPL quote via NASDAQ here.
[Thanks to MacDailyNews Reader “Bob” for the heads up.]
Sweet!
Even sweeter when you consider than roughly one-third of that market value is supported by cash and securities! In terms of ROI, AAPL is undervalued because people are not adequately considering the incredible book value of Apple.
Why is Google worth so much? They and Amazon are WAY over valued. Google just wants to steal your information and sell it and then send you ads.
Apple’s market value is currently worth more than Google and Amazon, COMBINED…
AAPL is still valued lower by the market. Check out their Price to earnings ratio. GOOG’s is double that of AAPL and AMZN is just ridiculous. AAPL – 15, GOOG – 30, AMZN – 485.
Google and Amazon have much higher price/earnings multiples (P/E) because the investment community anticipates high growth rates in revenues and earnings in coming years. In contrast, many analysts appear to believe that Apple’s growth rate will continue to slow, and even reverse in coming years. The stock market is all about the future and what you are buying into with your current investment in terms of revenues, earnings, and, ultimately, profits. All things being equal (the fancy economic term being the Latin “ceteris paribus”), a company that is growing quickly is worthy of a higher P/E in comparison to a similar company that is growing more slowly, assuming that the stock price properly reflects that factor.
That is why AAPL was hammered so hard when people began to believe that Apple had lost its innovative edge and that lower cost competing products would both reduce Apple’s unit sales and force Apple to lower prices (profit margins) – a double-whammy blow to earnings and profits. So far, Apple has continued to perform well despite the competition, and I believe that investors are beginning to get more comfortable with a large and strong, but slower growing Apple. However, if Apple can pull another iPhone or iPad out of its labs and into the market, there is no telling how high AAPL could jump as investors rush to ride the Apple gravy train once again.
P/E as a rule of thumb should be about its annual growth rate. 500 is simply irrational exuberance.
i just love that real networks is still included in the list!
AAPL has actually been hitting new 52-week highs for most of the past few trading days. If AAPL closes up one cent tomorrow, that will be another 52-week high.
MDN just does not give it a new “High!” headline, unless the change is significant, like today.
Haven’t seen that list in quite a while MDN. Bout a year and a half? We thought you would drag it out if Apple went up again. hmmmmm
Sony is now pocket change — real shame…
Where are all those hand wringers when it dropped under $400?
Silenced.
What happens after the June 9 split concerning 52 week highs? Wil the headline read a “split adjusted 52 week high?”
Of course. Are you in the third grade?