Apple closes up 4.54%, hits new 52-week high of $64.05

Shares of Apple Computer, Inc. (AAPL) today close up $2.78, or 4.54%, on heavy trading volume of 24,616,203 shares to set a new 52-week high of $64.05. Apple’s previous 52-week high of $64.00 was set on 11/22/2004.

With 387,925,000 shares outstanding, Apple Computer, Inc.’s market value currently stands at $24,846,596,250.

AAPL is currently trading at $64.01 in after hours trading.

18 Comments

  1. I believe you are incorrect in the new year high. I believe you got the market close price confused with the new high of 65.20

    Keep up the good work. There are many of us that read your work hourly

  2. I agree with Ashami above. For a company doomed to failure for having a meager 3% of the computer market’s sales, it seems to be doing rather well. So well, in fact, that it’s stock value rose over 400% in just 2 years! ( quotes.nasdaq.com )

    Congrats Apple!!

  3. What is going on these last couple of weeks? All of a sudden Apple shares are going higher and higher in value. Even the evening news in Australia are reporting on this. In all the years that I have been following Apple news, I never expected to see anything like this.

  4. Mac dood:

    In reality, your question is actually: could Apple ever support a market cap of around $48.5 billion?

    Let’s do some maths�

    20 million iPods annually @ $200/unit = $4 billion

    16% gross profit = $640 million

    2 million Macintosh systems @ $1200 = $2.4 billion

    20% gross = $480 million

    1 billion tracks downloaded/year = $990 million

    7.5% gross = $74 million

    So around $1.2 billion in gross profit from those sources alone, add in another $250/$300 million from displays, software etc.

    $1.5 billion.

    Throw away $750 million in overheads/R&D

    $750 million nett profit before tax.

    So can Apple support a P/E multiple (before tax) of around 65.00? Well, take out all of the assets including the cash pile, and you’re probably talking about a P/E of 50.00 which considering all of the brand goodwill, the R&D assets and the technology portfolio is highly achievable.

    What Apple has to do shore up this valuation is buy strategic assets, such as Macromedia or EMI Group Plc. These purchases will increase the value of Apple’s overall proposition and will be cash generative in their own right.

  5. At the very least, Apple could buy enough Adobe stock to leverage against someone else (ie Microsoft) from buying them out. That only makes sense of course if Adobe’s stock is doing well, and I’m not sure how well it’s doing…

    Then again maybe Apple is better off buying their own stock, I think it’s going to keep going up.

  6. Apple should extend its product line and compliment its movie-making software by bringing out hard-drive based camcorders – the iMoviePod or iPodMovie.
    Then Apple would have not only the music, but also the professional and home movie-making segements covered.
    An Apple designed hard-drive camcorder(s) (both pro and consumer) along with its powerfual and easy-to-use movie-making software (iMovie and Final Cut) would entice many more PC owners switch to Mac computers.

  7. Apple should extend its product line and compliment its movie-making software by bringing out hard-drive based camcorders – the iMoviePod or iPodMovie.
    Then Apple would have not only the music, but also the professional and home movie-making segements covered.
    An Apple designed hard-drive camcorder(s) (both pro and consumer) along with its powerfual and easy-to-use movie-making software (iMovie and Final Cut) would entice many more PC owners switch to Mac computers.

  8. More people would switch from PC to Mac based on this Hard-drive based iPodMovie camcorder idea than the music iPod.

    People would jump at the idea to smoothly move home movies from Apple camcorder to Apple computer to be edited on Apple software.
    Currently, the making and moving of movies from camcorder to finished movie is too clumsy and awkward.
    If Apple could bring out hard-drive based camcorders this would revolutinize and bring a boom to the home movie making business and Apple would sell lots of product.

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