Shares of Apple Inc. [AAPL] today gained $5.91, or 4.87%, to set a new all-time closing high of $127.17 per share on volume of 41,479,087.
Apple’s previous 52-Week and All-Time High closing high was $125.09 set on June 18, 2007. AAPL’s all-time intraday high was set June 7, 2007 at $127.61.
Apple’s 52 Week Low stands at $50.16, set on July 14, 2006.
Apple’s market value currently stands at $109,995,437,160.
AAPL quote via NASDAQ here.
[Thanks to MacDailyNews Readers “TheReal” and “ChrissyOne” for the heads up.]
MacDailyNews Note: “I am putting a sell on Apple, the company that created the iPhone,” Laura Goldman, investment advisor, LSG Capital, May 21, 2007. AAPL closed at $111.98 that day.
MCCFR is correct. The iPhone margins being referred to here are gross margins.
For tangible items, such as the iPhone, this is the total sales revenue (for the item in question) less the cost of goods sold (COGS) for that item.
COGS only includes the direct cost of manufactuing the goods, i.e. raw materials, manufacturing costs, packaging costs, etc.
Indirect costs, and research and development in particular, are amortized and accounted for separately.
Interesting metric:
In FY2006, AAPL spent ~3.4% of sales on R&D.
Compare that to DELL, which in FY2006 spent ~1.0% of sales on R&D.
@Momo
“Compare that to DELL, which in FY2006 spent ~1.0% of sales on R&D”
Except in Dell’s case, R&D means “Reefer & Doritos”.