Shares of Apple Inc. (AAPL) today closed above $110 for the first time. Shares of Apple moved up $0.58 on the day, or 0.53%, to close at $110.02 on volume of 22,060,192 shares.
Apple’s current market value is $94,823,487,500.
Apple’s previous closing high was set yesterday, May 17, at $109.44. The company’s all-time 52-week intraday high stands at $110.64, also set today.
Apple’s 52-week low stands at $50.16, set on July 14, 2006.
AAPL quote via NASDAQ here.
Apple’s having quite a May so far (bogus emails notwithstanding).
hotinplaya said “I once saw a graph, that had MS & Apple overlayed, any smart guys out there, maybe post a link, and would nice to see Dell as a third.”
here u are :
http://quotes.nasdaq.com/quote.dll?page=charting&mode=basics&intraday=off&timeframe=3y&charttype=ohlc&splits=off&earnings=off&movingaverage=50day&lowerstudy=volume&comparison=on&index;=&drilldown=off&symbol=AAPL&symbol=MSFT&symbol=DELL&symbol=HPQ&symbol=IBM&symbol=XRX&symbol=GTW&selected=AAPL
Wouhou !
best stock on nasdaq 3 years in a row, and not a result of speculation.
“Just go here:
http://finance.google.com/finance?q=AAPL
Just above the chart, click Compare, and you’ll find a checkbox for MSFT conveniently placed. “
So Apple’s done well over the last 3 years, but only the last 3 years. It’s still only catching up for being a laggard during the preceding years.
Apple up 3,200% since inception, Microsoft up 30,000%. Apple’s got a long way to go to catch up with how well Microsoft’s done as an investment since the 80’s.
“I think a lot of the value is built into the stock price at this time.”
You got it. A standard pattern with a stock is for it to start to do well, then people rush in late expecting the big gains to continue, not realizing that a lot of future performance is already priced into the stock. Usually they lack the financial sophistication to understand what drives stock prices.
It’s not a story unique to AAPL. It seems every “Dumb Money” investor has to buy a stock at this point in it’s growth at least once before they get a bit smarter.
“Apple should double Dell when the iPhone is released.”
That’s right, because iPhone is going to be a surprise product that nobody knows about, so couldn’t possibly already have affected the stock price.
Apple’s P/E is 33 compared to Dell’s or M$’s 21 or 22. Only 50 % higher, which is not much considering that Apple’s profits are going to be increasing even more than they are now.
Apple is at a premium– but the question is whether investors are willing to tolerate that premium and perhaps even let it grow. For now, the answer is yes. But people need to be careful– things can turn on a dime and fall very quickly.
iPhone is expected to be big and it will be– but “irrational exuberance” can still make things volatile and potentially dangerous for the faint-hearted.
I just keep asking myself if Apple is still a growth story and I believe it is. It also has some legs and should last for quite a while. But, big investors are very fickle and aren’t married to their stocks– at some point, the big boys may pull out. Watch for it and don’t get burned.
“Apple up 3,200% since inception, Microsoft up 30,000%. Apple’s got a long way to go to catch up with how well Microsoft’s done as an investment since the 80’s.”
Uh, yeah that’s kinda the point, hon. That’s called “growth potential.” I for one hope Apple spends the next few years growing by a factor of 10 to ‘catch up’.
Funny how that works ;P
Morning, Chrissy.
To the influence on AAPL on iPhone and iPod growth, Mac growth has to be added.
I’m convinced that after the new Mac models, together with Tiger, are released, Mac sales are going to exceed even the most optimistic predictions.
My prediction:- by January 2008, APPL will be somewhere between $160 and $200.
sh*t! I meant AAPL.
Toby:
Tiger = Leopard
APPL = AAPL
Just sayin’.
um…,
yeah, I was just going to correct it yet again, but you beat me to it.
But seriously here in Berlin, a small corner of Europe as far as Apple goes, I’m seeing an increasing awareness of Macs.
Three years ago, I used to be the only Mac user at work (30 employees); now there are four of us!
Actually, I know of four recent switchers. Just video chatted with one for the first time a minute ago. They all love them. I’ve been showing them some of OS X’s little niceties and they’re pleasantly surprised. I think this year really is going to be historic in terms of sales.
Tipping Point ®, here we come!
“Uh, yeah that’s kinda the point, hon. That’s called “growth potential.”
Price in already sweetie.
“Price in already sweetie.”
hmmm…. glad I ignored that wisdom (when I bought at $35).
“glad I ignored that wisdom (when I bought at $35).”
So at $35 you think the same amount of growth was priced in as is at $110? By definition it wasn’t.