Shares of Apple Inc. (AAPL) hit $99.50 in early trading today.
Apple’s previous 52-week closing high was $99.44, set on July 29th. Apple’s all-time high stands at $100.72, set during trading on September 21, 2012.
Apple’s 52-week low stands at $63.89.
Apple, the world’s most valuable company, currently has a market value of $595.79 billion.
The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – $595.79
2. Exxon Mobil (XOM) – $424.72B
3. Google (GOOG) – $395.28B
4. Microsoft (MSFT) – $370.22B
5. Berkshire Hathaway (BRK-A) – $323.87B
Selected companies’ current market values:
• IBM (IBM) – $189.54B
• Intel (INTC) – $170.66B
• Amazon (AMZN) – $154.87B
• Disney (DIS) – $154.61B
• Cisco (CSCO) – $126.3B
• Hewlett-Packard (HPQ) – $66.81B
• Adobe (ADBE) – $35.56B
• Yahoo! (YHOO) – $37.40B
• Nokia (NOK) – $29.19B
• Sirius XM (SIRI) – $20.19B
• ARM Holdings (ARMH) – $21.92B
• Sony (SNE) – $19.54B
• BlackBerry (BBRY) – $5.07B
• Advanced Micro Devices (AMD) – $3.25B
• RealNetworks (RNWK) – $277.16M
AAPL quote via NASDAQ here.
Go go go AAPL, flying high and away!!!. 🙂
iCal this…ALL TIME HIGN LATER TODAY
Apple’s getting close to its all-time high, so I’m getting a bit nervous that something will go awry. I remember last year some brokerage house was saying that the market will be due for a 20% correction this year (2014). I suppose there will always be someone saying things like that but the market has been on a relatively steady climb since 2009 and I don’t know how much longer it can keep doing that. I’m hoping I won’t have to see any market correction happen just when Apple is starting to get some wind in its sails.
I would expect the hype for the iP6 to drive the stock up. It will probably drop after the announcement due to disappointment in the feature set. Then when Apple once again sell way more phones than the analysts predicted the stock will shoot up again.
I don’t know why I know this but it just feels like deja vu.
When you look at the list of top five companies by market share, you can easily understand why the P/E sits at 15 for a company that has been growing at such steady clip for the past 10 years. For crying out loud, even MSFT has higher P/E!!
Most institutional investors simply cannot reconcile the two traditionally mutually exclusive facts about Apple: the company that rapidly grows (almost like a start-up), and the most valued public company in the world (where No. 2 is well behind, by almost a third!). Traditionally, the top dog was always a company from an industry where the only growth left over was organic (i.e. product improvement in existing markets or simple population increase and accounting for inflation). For several decades this was someone form the oil industry (Exxon-Mobile), and it was, until very recently, inconceivable to see a technology company (and especially not the perennial underdog, Apple) as the most valuable one. This is simply impossible for experienced professional investors to accept, regardless of the reality.
Eventually, as Apple continues to grow its business, AAPL will have to follow (otherwise, that P/E will continue falling into the ridiculously low territory).
I was looking at the list of about 500 top companies by market cap, and at their P/Es. With the exception of Apple, all other companies with the P/E in the low teens are in industries where growth is not expected (banking, airlines, etc). It is just plain bizarre for AAPL to be in such company.
Keep going, we have an all time high to reach and soon.
Anyone going to say that Tim Cook is no Steve Jobs today? Bueller? Bueller?
Question: why is general electric omitted from this list with the market cap of 260 .83 billion?