Apple shares hit new all-time closing high – again

Apple StoreShares 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).

40 Comments

  1. @ hotinplaya

    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.

    ==========

    I see no reason it can’t go a lot higher. A lot. The iPhone is going to be a new container for the Mac platform, but it’s also the dawn of a whole new UI paradigm, namely Multi-Touch. And Apple has it all sewn up. Think about what will follow… Macs, of course, probably notebooks first, dovetailing into real, useable tablets. Game systems of course, you KNOW they are coming. This will all tie into TV and media controls. I have no doubt that the iPhone or something very like it will be the worlds best universal remote because you’ll have access to all your networked media right in your hand. Connect wirelessly to the car stereo, navigation… shit, even diagnostics if they let let the manufacturers in on the fun.

    This is just the beginning. =)

    -c

  2. Well, I’m not selling my AAPL, but I’m a little nervous to buy more at the moment. A market cap almost 1/3 Microsoft’s? That’s a bit high- sure, Apple my continue to drive, but a lot of things still have to go right. I think a lot of the value is built into the stock price at this time.

  3. 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.

  4. “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.

  5. “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.

  6. 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.

  7. 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.

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