Apple shares surge over 3-percent to hit new all-time closing high

Apple StoreShares of Apple Inc. [AAPL] gained $3.11, or 3.09%, to close at a new all-time closing high of $103.92 per share on volume of 30,765,211.

Apple’s previous 52-Week and All-Time High was $102.50 set on April 26, 2007.

Apple’s 52 Week Low stands at $50.16, set on July 14, 2006.

AAPL quote via NASDAQ here.

32 Comments

  1. stock going higher once iPhone economics are disclosed. i.e. how much per month Apple receives from the carrier for each subscriber. this will be very high margin revenue that translates into a nice recurring earnings stream. the market will incorporate the value of this stream and estimates will go up. believe it.

  2. I can’t recall how many times self appointed wise guys have said “What goes up, must come down” since I bought 500 shares of Apple at $12 and saw it split – so now my $6000 investment is worth $103,000. Gosh guys, I sure should have taken your advice and sold it when it hit $13!
    “What goes up” is not the rule. The rule is buy and hold.

  3. I’m sticking with aapl. Bought in at an average of 78 so got a tidy profit now. A few years back I had the same number of shares at around 8.5 adjusted for split. I sold them thinking I could ride the ups and downs of aapl. In the end missed the boat. So I’m here to stay for a good while. Methinks I could double my original investment in the next year.

  4. Oh yeah. Steve Ballmer.

    I can’t stop laughing. Microsoft sells to 99.9999999 percent of the world, and Apple sells to .00000001 percent of the world. Apple equipment is too expensive. The company will make a lot of money, but no one will buy any of Apple’s kit.

    Creative people — artists and musicians — hate Macs, too.

  5. Uhmm… Microsoft is falling behind and has saturated the market with garbage and reactionary upgrades. Meaning, they can’t attain anymore market share than what they have and are losing ground to Apple who is proactive and have leap frogged MS in innovation.

    Even if Apple gains 1% of the market, it means huge profits. Besides, people are switching slowly but surely to Macs.

    Also, you need to do a little more homework if you think Macs are too expensive or more expensive than PC’s. Do a side by side of comparable systems with equivalent software and you’ll see Macs are cheaper.

  6. @ M.A.D.

    “If you held on the whole ride, you missed some great selling opportunities as well as buyting opps.”

    This observation holds true IF AND ONLY IF you can see as well into the future as you apparently can into the past. When AAPL dropped into the 50’s last summer very few of us remained unabashedly bullish on its near-term prospects. Remember?

    The number of small, successful market timers in this country borders on the microscopic, M.A.D. Are you saying YOU are one of these rare birds? If so, why aren’t you at the Country Club right now sipping martinis instead of wasting time with us on the MDN site?

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