Today in Nasdaq trading, shares of Apple Inc. (AAPL) rose $0.93, or 0.63%, to hit a new all-time closing high of $147.51. Apple’s previous all-time closing high was $146.58 set on May 1, 2017.
AAPL’s all-time intraday high stands at $148.09, also set today. Apple’s previous all-time intraday high of $147.20 was set on May 1, 2017.
Apple’s 52-week low stands at $89.47.
Apple, the world’s most valuable company, currently has a market value of $773.92 billion.
The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – $773.92B
2. Alphabet (GOOGL) – $640.80B
3. Microsoft (MSFT) – $535.03B
4. Amazon.com (AMZN) – $452.61B
5. Facebook (FB) – $442.66B
Selected companies’ current market values:
• Berkshire Hathaway (BRKA) – $410.40B
• Walmart (WMT) – $228.94B
• Disney (DIS) – $180.85B
• Intel (INTC) – $174.41B
• Cisco (CSCO) – $171.47B
• Taiwan Semiconductor (TSM) – $167.76B
• IBM (IBM) – $149.47B
• SoftBank (SFTBF) – $81.05B
• Adobe (ADBE) – $66.78B
• Tesla (TSLA) – $52.01B
• Yahoo! (YHOO) – $47.03B
• Sony (SNE) – $42.94B
• Hewlett-Packard (HPQ) – $32.00B
• Sirius XM (SIRI) – $22.58B
• Advanced Micro Devices (AMD) – $9.72B
• Twitter (TWTR) – $13.22B
• BlackBerry (BBRY) – $5.14B
• Pandora (P) – $2.61B
• RealNetworks (RNWK) – $173.99M
AAPL quote via NASDAQ here.
MacDailyNews Note: After reporting earnings, Apple is currently down $3.21, or -2.18%, to $144.30 in after-hours trading.
SEE ALSO:
Apple Q217 earnings beats on EPS, misses on revenue – May 2, 2017
Apple shares hit new all-time intraday and closing highs – May 1, 2017
Apple earnings: Key items to watch on Tuesday – May 1, 2017
Apple’s Q217 earnings: Will growth continue? – April 24, 2017
Apple’s Q217 earnings: Guidance is key – April 12, 2017
What to expect from Apple’s Q2 2017 earnings call on May 2 – April 27, 2017
Apple’s Q217 earnings: Will growth continue? – April 24, 2017
Apple shares hit new all-time intraday and closing highs – April 4, 2017
Apple shares hit new all-time intraday and closing highs – March 29, 2017
Apple shares hit new all-time intraday and closing highs – March 28, 2017
Apple shares crack pre-split equivalent of $1,000 per share – March 28, 2017
Apple shares hit new all-time intraday and closing highs – March 20, 2017
Apple shares hit new all-time intraday and closing highs – March 16, 2017
Apple shares hit new all-time intraday and closing highs – March 15, 2017
Following President Trump’s address to Congress, Dow surges 300 points to blast past 21,000 for first time – March 1, 2017
Apple shares hit new all-time intraday and closing highs – February 22, 2017
Apple shares hit new all-time intraday and closing highs – February 21, 2017
Apple shares hit new all-time closing high – February 17, 2017
Apple shares hit new all-time intraday and closing highs – February 15, 2017
Apple shares hit new all-time intraday and closing highs – February 14, 2017
Apple shares hit new all-time closing high – February 13, 2017
Apple smashes Street; iPhone, Services, Mac and Apple Watch set all-time records – January 31, 2017
Dow hits record milestone of 20,000 on high hopes for Trump administration – January 25, 2017
International Monetary Fund boosts growth forecast for US, citing President-elect Donald Trump’s policies – January 17, 2017
Boosted by Trump rally and Apple, Wall Street parties like it’s 19,999 – January 6, 2017
Wall Street indexes hit record highs as Trump rally continues – December 8, 2016
Don’t look now but in after hours trading, AAPL has dropped 2%.
Hate to say it, but Wall Street is absolutely convinced that Apple is a one trick pony.
Apple store visits are up, but sales on everything except the latest Mac release are down. So what does Cook do? He brags about services. The more Cook tries to inflate the importance of services — i.e., subscription based computing — the more Mac people cringe and long for the days Apple supported the concept of personal computing with great Macs that just worked — actually, they worked even better without flaky overhead junk like Continuity and Siri and Apple Music and half-baked iLife, the worst major office suite on the market today, dumbed down specifically because iCloud couldn’t support the fully featured Mac productivity software. And so Apple continues to coast.
I wonder why someone didn’t ask Cook how that new Samsung-supplied iPhone display looked.
… I agree about this over hyping of services, Ahrendts talked about services too during revamped stores interviews.
People should note that services depend a lot on hardware sales. Only a small chunk goes to off Apple platform sales like iTunes on Windows.
Also a large chunk of services revenue are Apple Care Warranties ! Some analysts have said that putting warranties as services distorts it a lot (i.e selling a lot of iPhones means you sell a lot of warranties, it’s not a ‘separate from hardware’ income stream ).
“Wall Street absolutely convinced that Apple is a one trick pony.”
That’s why it’s important to diversify the product line and stop the Mac (second largest hardware revenue generator) neglect for example and I agree fix all the Cloud, Siri etc issues first before the Christmas trees, Coffee Table Books, fashion shows like the Apple sponsored Met Gala etc.
It’s agony to watch Apple with all these resources and talent and basically waste so much of it.
In EVERY category form PCs to Cloud they should be at the top.
Your argument makes no sense. On the one hand as you note Mac sales are up, the one category of hardware that this is true. But OTOH you say Apple needs to make Macs better.
Services are important, because they have high profit, and because they make the brand more “sticky”…harder to leave.
You also have a large number of consumers holding off iPhone purchases due to the rumors of the iPhone 8. I know a few people in that category; they normally would have upgraded, but are so hyped by the rumors of iPhone 8, that they are waiting.
Hard to fault a company with the net profits of Apple, even in this quarter, along with the cash reserves.
“Mac sales are up, the one category of hardware that this is true”
Mac sales are up due to the fact there is INTRINSIC DEMAND not due to any extraordinary love from Apple SVPs. (Msft has moved hundreds of millions of copies of Win 10 and say their aim is 1 billion).
Yes Mac sales are up BUT that doesn’t preclude the argument that Mac sales won’t be WAY WAY WAY higher if they didn’t neglect it, like some Macs are not updated from 2013, it they didn’t neuter them like Mac Mini (Quad core gone, Ram soldered to make them ‘thinner’ — why does a DESKTOP need to be thinner anyways? ) and if they actually MARKETED Macs — look at the number of Mac ads vs Watch etc. Near ZERO Mac ads for years, not even cheap web ads.
Apple didn’t even run ads practically right through the Windows 8 fiasco years… ! Imagine the markets share today if they had not neglected Mac ( 5- 10% extra growth COMPOUNDED annually for years and you will have billions more this quarter).
If Apple produced best in quality PCs in Macs competitively priced (like iPhones are competitively priced to high end Androids and the new AirPods are actually CHEAPER than rival devices) in EVERY CATEGORY : laptop, Desktop, entry level, Gaming Rig , Pro (like in the past Jobs had photoshop Mac Vs PC shootouts and PC magazine voted certain Macs as best Windows machines — i.e using Bootcamp) they would sell a lot more Macs. Today PC desktops and some laptops have 4 times the GPU power of Macs (even the new MBP – a fine machine in some respects – gets trashed by 1080 GPUs in PC laptops by two hundred percent or more )
If ALL Macs were better (not just a few specific categories ) PC users will buy them to load Windows (look at that monster 1 billion unit market) and get exposed to MacOS as well.
This market practically ignored by Apple last few years — not one ‘switcher’ ad for years…
I can go on but I think people get the point .
It is difficult to argue with most of your points, Davewrite. Apple certainly has room to improve.
If you just look back the last 3 trading days the stock is still above the all time highs. I’d say today’s selling blip were those that came in for a quick profit.
On another argument to your seemingly, plausible commentary. You lost complete credibility by that last statement you posted, your fandroid intention became suddenly transparent😉
Ridiculous comment that reflects a complete lack of knowledge and understanding of Apple’s business. I would tell you to stick to tech and leave finance for the adults, but your comment says your not too swift in tech either.
The services uptick IS worth bragging about because it is the glue that binds the ecosystem and sustains product sales and customer retention, essential components of their stated long-term corporate strategy. Apple leadership continue to emphasise this in their earnings calls. The fact that some investors aren’t convinced is more a slur on Cook’s brand of salesmanship, and a sign of Wall Street’s obtuseness, than it is a proof of any unsoundness in Apple’s grand strategy.
Wall Street doesn’t long for the good old days, and doesn’t judge companies for falling from grace, as you seem to imply. They are firmly forward-looking. Tech users like you and me might gnash our teeth over paradise lost, but our displeasure and the market’s are not the same.
Don’t forget the…”warm smell of colitis, rising up through the air…”
I definitely understand Apple’s desire for being so, but I’m across the table from them. I prefer hotels that make it easy for me to come and go as I please. Make it so I don’t have to marry her to kiss your daughter, I just want to date.
that’s the most funny autocorrect ever! It should be COLITAS!!! 😉
Yes, what’s happing in Services portends amazing things…definitely worth bragging about. With that said, w/o devices, current, innovative, even iterative, the there’s no stickiness, or at least it wanes. Imagine how much stronger the state of all things could be if iterations were current with desktops. Imagine the market surge if Apple’s MP release would be this fall, instead of 1.5 yrs from now.
To me, for those who want in or want to add more ..u just got a 2% discount..
Never the less… , Wwdc is very crucial. … we need a bomb that sets an additional path/s forward beyond iPhoneX .. >>>>.
. Ios-Pro : robust user managable file sys /io and capability to run full fleged applications. 🙏🙏🙏
news udates on macs and mac pro… ?
More seamless synergy between all devices.
Siri-home assistant..
And even bigger surprises.. on the watch.. and the dismal AppleTV (os/ui/etc)
🤞🤞🤞
I’d be interested to see how much the average Mac owner spends on Apple hardware, software and services versus the average iPhone/iPad only customers. Obviously Mac sales aren’t anywhere near the iPhone, but they still about as big as services, or iPad/other sales combined. I’m sure the Mac owner is a much more valuable customer and committed to the ecosystem than the others, but Apple is behind the eight ball on offering attractive options for them.
My 2013 Air is still operating nicely, but I know that hardware failures and other problems could make replacement necessary in the near future. So far none of the current gen machines from the 12″ Macbook to the 13″/15″ touchbar Pros interest me, and if I had to right now I’d buy a 2015 13″ Pro. Maybe once upgrades come out and prices come down on 2016 models I’ll be tempted to bite.
Tim Cook is doing ridiculously fantastic job. Running Apple is art and harder than any one of you realize. Apple Manifacturing System is massive and Tim Cook and his leutenants and the crew are doing hell of a good job, well better than ANYBODY else on this planet.
You can complaint about the Mac Pro and I agree that it is a miss, but that miss is so tiny that it does not matter and it will be corrected. Apple should remember that Mac Pro is not the most popular Mac, but it is the one that sets the expectations. Normal people won´t buy it but they wan´t to be able to say that the Mac Pro is the fastest and best workstation on the planet. Now it is only the best excluding Hackintoshes that are fastest and best.
WWDC will be HUGE! Can´t wait what goodies there will be for us. Only one month to go!
BTW. India is the new China this year and China grows very nicely. Strong dollar hurts Apple at the moment.