Shares of Apple Inc. [AAPL] gained $0.62, or 0.57%, to – for the sixth consective trading day – set a new all-time closing high of $109.36 per share on volume of 22,633,451.
Apple’s previous 52-Week and All-Time High was $108.84 set during trading last Friday. AAPL’s intraday high was set today at an even $110. AAPL closed at $108.74 on Friday.
Apple’s 52 Week Low stands at $50.16, set on July 14, 2006.
AAPL quote via NASDAQ here.
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Much too high, the iPhone is overblown. People can’t walk in and buy one/gift one because they are already locked in a contract or requires one.
There will be a small rush, then a gentle building up over time as contracts expire.
The price and limited storage space are the biggest obstacles.
I expect a rise in stock when released, followed by realization of the market a few weeks later, followed by a stock adjustment lower than at present, then a general uptick overtime.
Baring any horror stories or glitches of course.
this will seem a steal by jan 2008
AAPL
THIS ONE GOES MUCH HIGHER
but,
I do expect a pullback as far as 101 if the markets start to go down
FYI IMHO
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Keep in mind that the NASDAQ was down 0.62% and beleaguered DELL was down 2.09%
I remember when the 52 week low was an all time high.
Every analyst has said they expect a target price of $140. It’s going higher…especially after the debut of Leopard at WWDC on June 11th…Buying now is GOOD idea. The revised interface potential made possible by Core Animation and multi-touch will change a lot of minds.
As I’ve posted before here…(so I know whereof I speak)
I bought the stock at $15 per share so I’m quite happy…
and bought a bunch of it……
It’s going higher…but will correct along with the other stocks in the Fall…
@Stock trader
the current stock price is not only related to the iPhone speculation, but real numbers like raising profits, revenue and market share, u are completely wrong.
@ Stock trader
You’re epicly wrong. Let’s talk again in two months.
-c
P.S. – about the iPhone, that is.
ChrissyOne,
With the RSI almost touching 85, Stock trader is more than correct. AAPL is due for a correction.
Limited storage space?
8Gb on a phone is limited???
the events work in favor of Apple stock.
iPhone should prop the price until july.
then strong back-to-school sales should help prop the price and then xmas and macworld.
keep in mind i make no mention of any other product announcments, apple tv sofwre update etc.
@ Stock trader
“The price and limited storage space are the biggest obstacles.” How do you know this? The Prada LG phone which is even more expensive doesn’t seem to fall under this type of off-base speculation.
Go and compare all the other cellphones storage spaces to the iPhone. You quickly realize that you’re actually paying more for less space, FAR less space.
— “I expect a rise in stock when released, followed by realization of the market a few weeks later, followed by a stock adjustment lower than at present, then a general uptick overtime.”
I sincerely hope that you are not a stock broker. Your observation can only come true if for the next 6-8 months Apple does nothing. Literally. For the next 6 months Apple releases nothing. Zero. But wait, is it possible that Apple is releasing more than just the iPhone? Well, let’s look at the list:
1) Final Cut Pro Studio 2
2) Leopard
3) iLife
4) New Laptops
5) New Imacs
6) Some sorta Net Flix type of service for Apple TV.
This is only stuff that we know about. And what about a 2nd-gen iPhone? I hate to break it to everyone here but the stock price has only begun to sky rocket.
MDN Magic Word “coming”, as in: The iPhone is “coming”, hold on to your wallets!
The stock *is* ripe for correction, it’s true, it has been riding all-time highs for days and days. But I was referring to ST’s iPhone predictions and how the iPhone release will affect AAPL.
Sorry, that was for M_S.
Hey, wait a minute…
We’re getting close to the point where Apple’s share capitalisation is twice that of Dell’s. At the moment, it’s 67% more – Apple is worth one and two-thirds of Dell. Remember when SJ sent an email to AAPL employees when the share caps first became equal?
I’m much too poor to make serious money with this, but I have been investing small amounts in AAPL over the last few years. It’s been working quite nicely…
I’ve finally made peace with the fact I didn’t buy at $7 (split-adjusted).
The P/E ratio for Aapl is 34 compared to 22 for Dell or M$. Given that Apple has a lot more growth potential than the other two then I think the high P/E is justified.
Consider also that Aapl could well post even better certainly more profit in the next year or so simply because they are selling more volume WITHOUT having to compromise on their margins.
What is happening to the Macs and profitability happened to iPods two years back and that made a big deal to Apple’s bottomline.
Yeah, yeah, I bought AAPL at $13 just like so many people.. who fail to admit that they sold and repurchased multiple times since then, to collect some profits. Someday I’d like to see someone admit this.
For myself, I was telling everyone who would listen (esp. those busted after the tech bubble burst some years ago) to buy AAPL. The most common response “OS X runs on Eunichs? Eww.”
Btw, I agree with macboy2010’s take, above.
@ peach picker
Still have my 2001 shares @ 9.84. =) I was telling everyone the same thing, especially those buying Dell when Dell was “Teh Stock: to own. My dad was a victim of that mistake. Dell was so over by then, and no one seemed to ]i]get AAPL. Ah well, their loss. Dell was doomed to go the way of the sh|t seller like they all do, and they did. High volume is just *never* a growth industry, and somehow people just keep forgetting this.
Anyway, bought a lot more over the years, and I certainly don’t plan on selling any time soon. I guess I’m just damn fool enough to believe that we haven’t even seen the beginning of Apple’s growth yet. Witness the latest wave of anti-Apple FUD, more desperate and grasping than ever, its purveyors hoping in vain that enough of The Great Unwashed will fall for the manufactured popularity of one last NT Redeux before the curtain finally falls.
Funny thing. They just don’t seem to be buying it this time.
Literally.
-c
WHere’s that analyst from Citibank that said Apple was too expensive at $90??
M.A.D. –
“8Gb on a phone is limited???”
No, but 8GB on an iPod, especially one designed for heavy video viewing, is kinda skimpy. I’ve got 20+GB of music, which would jump to 50GB if I reimported all of it at 320kbps rather than 128kbps. A 16GB iPhone would let me ditch my 2nd gen 10GB iPod. I’d really rather have 60+GB, but I’d settle for 16GB.
AAPL will likely pull back to fill the gap. Certainly a buying opportunity there.