Shares of Apple Computer, Inc. (AAPL) surged to $56.27, up $1.33, or 2.42% to hit a new all-time high on heavy volume of 26,887,542. Apple yesterday released powerful new Power Mac G5 computers, enhanced PowerBook portables, and a new application designed for professional photographers called “Aperture.” Yesterday’s announcements followed hard on the heels of new iMac G5 computers with Front Row media software and Apple Remote, new video-capable iPods, and the latest version of Apple’s market-dominating iTunes.
Apple previous 52 Week High was $55.35 set on 10/04/2005. Apple’s 52 Week Low was $23.32 on 10/20/2004.
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why is the stock price shown to a tenth of a mill at the top of the individual stories but just to the nearest penny on the home page?
oh, looks like it is consistent now.
This is excellent! Yeh-heh-hehessssssss.
I’m a BIG fan of things surging and hitting all-time highs!!!
Especially when my portfolio is involved. Yeh-hehessssss. I mean, that idiot I used to work with went with Microsoft (“Soft”! Figures . . . hey, it’s an “in” joke) even though I told him to buy Apple. Loser.
See that share price, now? Hah! Suck on that, Richter.
I have nothing useful to add except that my magic word is “figures.” I thought that was worth sharing.
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I love how the 52 week low was exactly 52 weeks ago. That should be apple’s goal, make sure that the 52 week low is simply last year on that date.
All I can say is WHY????? I was going to buy when it dropped to $35 back in February. It did this for one day and then jumped up to $40. It hasn’t looked back since. Come on, sell your shares! I want to buy at $35!
Thanks Apple. Another few stellar years like that and I’ll be a very rich man!
Whelp .. even if you never used a camera in your life .. if this Aperture application and the video promos for it over at apple.com don’t give you a fat chubby to get your photography on .. I suspect you prolly need more help than a good stock portfolio would provide.
I’m now offically retired.
MW=sun. How do you folks do that?
And now Apple is [B]$13.6 billion[/B] ahead of Sony, and – rather magnificently – only $30 billion behind Dell.
This last number is rather interesting: back on 16th February (when I started keeping track) Apple was worth 35.93% of Dell’s market cap; now the figure is up to 60.47% which is partially due to Apple’s good results, but also partially down to Dell collapsing by over 23%.
It’s funny, but I don’t recall hearing either Michael Dell or Kevin Rollins shooting their mouth off recently – I wonder why?
On another note – I wish Apple would start to use this market cap and the cash mountain in a constructive way. I so want Apple to become the parent of Avid, Akamai, and EMI Group plc.
MCCFR — How much would Apple have to outlay to buy Adobe?
Not that they would, or necessarily even should, but I was just wondering if they’re in a position to do so and how much it would hurt their bottom line.
Brooding…
Too effing much.
The combined value of Adobe/Macromedia is around $18.25 billion at the moment, which would require a lot of cash coming out of the pile or a lot of stock dilution, neither of which are to AAPL’s benefit at this time as it would be seen as paying top dollar for mature, well developed businesses without a lot of upside for existing AAPL investors.
Buying Avid, Akamai and EMI would cost a “mere” $8 billion, and give Apple de facto control of the video and music production systems market, de jure control of the de facto leader in internet content distribution, and a mature, yet directionless, music conglomerate (smallest of all the majors) which has yet to work out what the 21st century is, let alone how it can be exploited.
Two of these busineses are culturally compatible with Apple (Apple was a minority stockholder in Akamai for many years), and the third (EMI) would receive a visit from the Grim Reaper before having our boy (the improbably named Eddy Cue) installed as Chairman.
Following absorption of these businesses into the collective (say, late-2007), I would then pursue a couple of other businesses that might be considered a little obscure: EMC (which brings you EMC, VMWare, Legato, Dantz) can currently be acquired for around $3.0 billion, ADIC (one of Apple’s partners for Xsan and a manufacturer of some pretty serious tape libraries) would be around $750 million and Spectra Logic (a manufacturer of some less serious libraries, but most importantly the most gifted AIT/SAIT tape automation provider) is privately held and would probably cost a maximum of $180 million if you purchased it today.
Why?
Because I’d be very serious about making Xserve, Xserve RAID and Xsan into big players in the corporate marketplace. Xserve RAID/Xsan would be re-packaged and sold into EMC customers who would never touch anything with an Apple badge, and Apple would step up by also having products that scale up to mainframe-class systems. In addition, Apple would gain control of two major backup platforms – one for enterprise-class implementations (Legato) and one for Apple’s more standard SME/SMB customers (our beloved Dantz).
The hidden jewel in this would be acquiring VMWare, and a whole virtualisation environment for both Power Macintosh and Xserve when those products migrate to Intel: I quite like the idea of handing the remains of “Red Box” (the Windows emulator for Rhapsody) to VMware and then waiting for howls of anguish from Microsoft when it realises that OS X can run Windows software without a Windows license, but then I’m an unpleasant sonofabitch.
And once I’d swallowed those guys, I’d go after Sybase (around $2.5 billion) and Harman Industries (around $8 billion): the former so my customers could always have a serious grid-optimised RDBMS and the latter so I could expand my consumer and pro audio businesses.
The beauty of all of these businesses is that they require relatively little restructuring – a euphemism for post-merger redundancies – so nearly all of the money gets spent on cash-generating businesses with great products.
Curiously, some people might imagine I want this so I can shove a copy of Apple’s enlarged annual report up Rob Enderle’s ass. However – whilst this is unbelievably attractive (the act, rather than the ass) – the real goal would be to establish Apple as a fully matured provider of diverse, yet integrated hardware, software, services and content for enterprise customers, content creators and consumers alike.
Excellent, some more good financial news for Apple.
Now they should actually do something with it instead of hoarding their loot for a rainy day!
MDN MW: Recently, as in has Apple acquired anyone recently?