Shares of Apple Inc. [AAPL] today gained $3.6601, or 2.73%, to set a new all-time closing high of $137.73 per share on volume of 32,351,941.
Apple’s previous 52-Week and All-Time High closing high was $134.0699 set yesterday. AAPL’s all-time intraday high was set today at $137.85.
Apple’s 52 Week Low stands at $50.16, set on July 14, 2006.
Apple’s market value currently stands at $119,129,288,040.
AAPL quote via NASDAQ here.
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.
It’s really not stopping, is it?
52 – Week Range
50.16 – 137.85
7/14/06 – 7/13/07
Lovely symmetry – 365 days between the big dip and a nosebleed high. It’s been a hell of a year, Apple. Thank you.
-c
Vrrroomm…VRRRRRRRROOOOOMMMMMM
It really is remarkable. And, it’s not over!
I’m pretty happy that MDN keeps using that Laura Goldman quote. As a proud Apple stockholder who greedily clings to his shares, it never fails to put a smile on my face.
Someone said to me that a high PE ratio isn’t necessarily good. AAPL’s PE currently is 43. Is this good or bad?
Nowhere to go but down from here.
“Someone said to me that a high PE ratio isn’t necessarily good. AAPL’s PE currently is 43. Is this good or bad?”
Depends on what you’re comparing it to and how much room you think Apple has to grow. The Forward P/E of 29.75 is more significant, really. And it all could (will) change in a week and a half when the “E” gets its lid blown off.
HP is only $4,613,217,210 ahead of Apple …
@ R2
Oh shut your rust hole, you bleeping ninny.
@R
Despite your moronic statement, AAPL can in fact can go up from $134.0699. You would be wise to purchase AAPL stock, even if you are a MS employee.
I currently maintain a newly-expanded overview of around 30 companies whose orbits intertwine with Apple’s own.
Amongst the new companies is Vivendi-Universal, whose lack of any active presence on either NYSE or NASDAQ had forced me to go to their website for information.
My most recent visit caused me to wander around the site to get a feel for Vivendi’s operations, which include France’s second largest mobile telecoms provider which forces me to ask why Apple doesn’t use the iPhone as leverage to get what it wants.
For those who can join up my dots, what I’d like Apple to do is hang iPhone over VU’s head like a technological sword of Damocles; keep jerking us around on UMG’s participation on iTS and the ridiculous requests for iPod royalties and not only will you not see iPhone as a supported phone on SFR (the Vivendi mobile network) now, but you’ll never see it for ten years. Alternatively, play ball with UMG – including a long-term (five-year commitment) to iTS and we’ll make yours the most attractive mobile network in France.
Then the question to VU is simple: what is worth more – the royalties from 80 million iPod/iPhones and maybe an extra 20% from iTS sales or losing 15-25% of their customers to France Telecom’s Orange assuming that’s where iPhone lands up?
again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again and again… yyyyyyyeessssssssss!!!!!!!!!!!
Apple has massive room to grow.
With their approximate ≠ 6% market in computers – And growing.
Not everyone owns an iPod yet.
iPhone has only just begun.
AppleTV – baby steps
Oh yeah – Vista (Virusta) – a great sales tool for Leopard
Arrrck!!!! the Gnu’s are out again!!!! this time the Gnu’s are good Gnu’s:-)
The taller the tree, the harder it falls. I am happily looking forward to your crying faces when the recall is issued. BwaaHAHAHAHA! A year from now AAPL will bottom out. Time to short the stock fellers!
@ MCCFR
Send your article to Apple inc! they should send you to france with that sword you are talking about!
Hey, I’m innocent. Yell at the right guy!
Yell at R2 everybody! R is innocent, don’t turn him into the running man!!!!!
@R2….Drink some Camel’s Milk, the fart you blast off will lift your thinking to a higher plane whilst sending your caveman mentality to the depths of decravity where it belongs!!!
“Yell at the right guy!”
Most of the yelling around here is done at the Left.
Yeah, short Apple… if you’ve got lots of money you want to lose. Good luck with that ‘strategy’, pally. Whatta maroon.
The trolls are out in force. Go fsck yourselves trolling schmucks. My money is on the table on AAPL and, while there will be short term corrections, AAPL will be rising to much greater heights. I love betting against you guys. Each year we get a new set of idiots trolling at MDN, only to slink away — or change their handles — in embarrassment, blown away by AAPL’s rise against the laughable FUD spewed against it.
So, my momma always told me not to count my chickens before they hatched. Well, looks to me that Ms Goldman has done just that. 20+ years experience? Really? I wonder what her other stock recommendations are, and how big of a portfolio she manages. Oh wait… perhaps we should measure her success the same way she measure’s AAPL?
Crabapple,
I’m British, so kicking Frenchmen in the nuts metaphorically is actually not only a race memory but a vocation and a national duty as well.
Also, I can be in central Paris in three hours so my services would be dead cheap.
“Someone said to me that a high PE ratio isn’t necessarily good. AAPL’s PE currently is 43. Is this good or bad?”
Generally not considered good, but it has been higher, even when Apple wasn’t doing so well.
Care to put any money behind your hysterical predictions?
1) There will be a wide recall of iPhones
2) AAPL will “bottom out” a year from now
Since you’re loaded and all and have enough time in your busy schedule to post drivel on Mac forums, maybe you’d care to make some easy cash by betting on either of these possibilities?
MDN’s take used to make me smile, but the more I learned about Laura Goldman, the less impressed I am. She’s a 2-bit carny who ran away to Israel and formed her own Enderle Group. If she represented a large investment bank in NYC, then I’d be impressed, but she’s no different than Rob Enderle, a know-nothing.
Big milestone coming up for AAPL…
A few more points and it overtakes HP to become the most valuable computer maker in the world.
That alone will bring more investors in.
Macs, Leopard, iPods, iPhone, Xserves, Aperture, Final Cut etc. etc. is all looking like a truly winning combo.
I can’t wait ’til $50.16 is history. just about to drift past the 52 week low. An historic moment.
I know you Truthbearer. Were you that guy that sold me all those Edison cylinder phonographs in 1912, telling me the disc machines would never catch on?
When you said the Victors were bad cos they couldn’t record like your wax cylinders did, I was taken in. You said the Victors were no use for the office market, cos you couldn’t use the hard 78s to dictate letters or memos. That clinched it for me.
I sold one machine out of three gross, and had my own Depression 10 years before everyone else, thanks to your advice.
In contrast, the disc machines took off quite well, and the other stores in my town couldn’t get enough disc gramphones.. Will you take back the remaining Edison Gem machines like you promised?
Some of the wax cylinders have melted a bit, though.
Alex’s Radio & Cycle Store
What is impressive is that Apple are make so much money per unit than their competitors. Each Mac Apple sells returns way more in profit than Dell can get. Now the iPod is generating huge amounts of dosh because Apple dominate the market. So in either situation, either as a niche player or market leader Apple profits. No-one else seems to have been able to figure that one out.
The future does look very rosy – high mac sales will lead to greater margins, the iPhone opening a new market where others have failed to innovate and the iPod with an opportunity to follow in the iPhones steps to go the next step forward.
And we still have not had Leopard yet.
Truthbearer…take AAPL when it was hanging around at 14 or so…pop in 10 grand…watch it go to 100…split…watch it go to 100 again…split…watch it go to todays 137…then do your math, pal. There is no end to AAPL in sight long-term, even if the iPhone does fail.
Your statements are a waste of your breath and a waste of our time.
AAPL
@MT Wence – “Most of the yelling around here is done at the Left.”
Actually, as an independent who for fun likes to keep track of the politicized threads, it’s about 2-1 the other way, with the left throwing insults at double the rate on MDN than the right does.
Sell! Sell! Sell!
MDN Magic Word: few… That will trick few…
This person owns thousands of the Apple stock and is not a reliable selling advise while He keeps buying the damn good stock. (That thing… That you will sell cheap). AAPL will hit $200 and the $ will hit 1€=2$. Keep that in mind. M$ will hit the rock.
MDN Magic Word is: few. Few will buy?
MacRumors has a great thread about public iPhone experiences. Though anecdotal evidence is generally not considered “reliable,” I rely on it strongly when I trust the source.
iPhone is a game changer. Geez, I love this company!
MW “army,” as opposed to “leggy.”
“Someone said to me that a high PE ratio isn’t necessarily good. AAPL’s PE currently is 43. Is this good or bad?”
Usually very bad unless there’s significant growth in the future.
So while the know nothings expound on this board what a great buy Apple is because it has a lot of growth left (which may well be true), what they don’t realize is that that growth is priced in today.
And As for LinuxGuy, he’s going to get a big, expensive lesson in the value of diversification one of these days.
“A few more points and it overtakes HP to become the most valuable computer maker in the world.
That alone will bring more investors in.”
No, it will scare the smart ones off.
@ MCCFR England expects every man to do his duty!!!! You are doing well, so well in fact that you ought to have an iphone delivered to you by Federal Express for services rendered over and above the call of duty!
The Sword of Damocles should make mince off those froggies!!!!!
P.s Did you see his Jobness when he was reportedly in England? Is it true that women there are now Beef Eaters?! Were they never allowed to eat Beef in the first place?!!!please do tell…..
Crabapple…
I live in the green belt about 35 miles from London, in leafy Surrey – if you were dragged to see The Holiday with Cameron Diaz, Jack Black, etc, I drink in the village which was the main location for filming (in fact, I missed a Friday evening in there because filming overran) and I shop in one of the other locations. Alternatively, if you’ve ever seen Top Gear on BBC World or the so-called Miami Airport scene in Casino Royale, I live about ten minutes from that location.
I think you’re referring to the fact that we recently had the first female appointed to the Yeomen of the Tower of London (the people in the strange 16th century outfits that guard the Crown Jewels); Good for her – there’s no reason why a woman shouldn’t go into that role at the end of her normal military career (IIRC, she was a Regimental Sergeant-Major in her last posting – which means she’s used to getting ‘grunts’ to jump when she shouts), and – if I remember the photos of her – I wouldn’t try and steal anything from under her nose anyway.
SpankTheMac, Truthbearer, StockBoy, et al, thank you for sharing your opinion. A little diversity always keeps the info ecosystem healthy. Personally, I’m a bit more bullish on aapl.
On a p/e note, interesting post on the Google Finance discussion boards…
……
Apple F P/E: 29.75 Based onConservative Earnings Est
Goog F P/E: 32.66 Based on Conservative Earnings Est
Rimm F P/E: 27.51 Based on Moderate Earnings Est
Amzn F P/E: 51.56 Based on Bullish Earnings Est
Which one does not fit?
Just venting really as I am very happy I own the top two and like the
third, but it shows the sometimes lack of knowledge driving some
stocks. One other key thing…
Amazon is the cheapest by price alone making it a playground for
smaller less experienced investors and more reason Apple should not
split to avoid the hype that will surely correct in time for Amazon. I
would much rather grow with earnings then because of get rich quick
euphoria. “
What I find interesting about Ms. Goldman’s sell rating, is that anyone with any experience in the stock market knows that you don’t sell a stock because YOU think it’s too high: you sell it because the stock is showing evidence of weakness, and because its uptrend is showing signs of failure. On May 21st, AAPL was in a very strong uptrend, with no signs of weakness. So, she based her sell rating for AAPL on the cliche, “Buy the rumor, sell the news.” I’m not sure I’d want a stock advisor whose assessment of a stock’s performance was based on aphorisms.
Also, many analysts are treating AAPL as if it’s some one-trick pony, as if AAPL’s future depends on the success or failure of the iPhone. As people here have pointed out, AAPL has several very successful revenue streams, each with an accelerating growth rate.
Just once, I’d love to see one of these analysts issue a statement saying something like, “Ummm, I was wrong. What the hell was I thinking?!” I’m sure there were people who sold their AAPL stock based on her recommendation, who are now kicking themselves for listening to some idiot.
@MCCFR,
I think I know where you mean, One of my closest buddies worked near there on location when they were making the Gladiator. He couldn’t believe the comotion that was created when they set the whole forest on fire for one of the scenes and as if that was not enough, they felled alot of trees to make a barrier against marauding horsemen!! The cool thing he told me that not many people knew was that damn forest was so wet that to set it on fire, they had to use up three tankers of gas, they laid pipes with gas burners installed at various distances, after a day of continious burning, the forest caught fire.
Was this true or was telling me about the one that got away?
Any way, you didn’t tell me whether a Beef Eater has to eat beef in order to get the job!
One more thing, Yeomen….are they called yeomen because they greet their Prime Minister……yo! Mr. ……. That would Mr. Bush Yeoman wouldn’t it?
Just a thought………I hope it was worth .02c or .01p?
@ mark,
You stupid man! why should a sane analyst give you advice that will raise the stock so high that he cannot buy favourably for his high fee paying clients to make a killing?
The only time an analyst will give you advice that will make you some money is when they know that you will pay them a commission!
So when they spread FUD around about AAPL stock, THINK DIFFERENTLY!
Piper Jaffray understands Apple.
@ R, So do we all except for your evil twin R2!
I think we all need to ask one thing when we invest: What would Peterson do?
Does it matter?
Ah, silly me, expecting Analysts to be honest and concerned about the welfare of those to whom they give “advice.”
Yeah Piper Jaffray and Carl Howe from http://www.seekingalpha.com are the only two companies/people who consistently understand Apple.
“Piper Jaffray understands Apple.”
Piper Jaffary makes a market in Apple. If you don’t know what that means, they’re used Apple stock salesmen making what money they can on the spread between what they buy Apple stock for and sell it for.
They understand how to move the stock to make money.
Moving the market is much the same as understanding the market. Does Jaffray talk about MS the same way? No– and if they did, no one would listen. Are they trumping Ford?
If I have a great sports team and I want people to attend its games, do I stay quiet or do I talk about how wonderful I think they are? That’s not just “moving the stock.” That’s believing in the company, too– and making the declaration public. A reputation hangs n that judgement. Gee, 1500% increase in a few years. We should all beware Jaffray. Whatever.
I shouldn’t be surprised anymore, but WOW– such jaded people! I see it every so often when I get someone to consider a switch to Apple. I have to admit that I’m an investor. Right away, many respond with the skeptical, “Ahh. Now, I get it.”
Ten times I have responded: “If you don’t like it, I’ll buy it back from you.” I’m not wealthy, but I’m also not opposed to an upgrade here and there. I’ve never gotten a single buy-back request (mixed emotions). In fact, I find that some of my sales have sparked some pretty venomous converts who get a bit angry when they realize how they and the general computing population have been dumped on for a couple of decades.
I know “Fooled” is a troll. But geez– even trolls should be smart.
Piper Jaffray makes a market for lots of companies, but how many of them have had the kind of stock appreciation, public adoration, or growing market clout Apple has? Apple has not increased in value so much because of Piper Jaffray pumping it: investors aren’t that stupid.
Apple has been introducing products the public loves, growing margins, accelerating earnings, taking business away from the PC world, and brilliantly marketing its products for the last few years. Piper Jaffray might be indirectly helping Apple with its marketing, but if Apple’s fundamentals started deteriorating, all the glowing recommendations by Piper Jaffray would mean nothing.
Piper Jaffray might have more of an incentive to analyze Apple, but as a result, it probably has a better understanding of Apple as a company, and how its stock behaves. It’s assessment of the stock’s potential might–though quite optimistic–be very realistic. Piper Jaffray was among the first investment companies to see Apple’s potential to reach into the 80s, then into the low 100s, then the low to mid 120s… In each case it was correct. Now it is estimating 160 to 165 based on its study of Apple’s various revenue streams and potential impact of the iPhone. Perhaps it knows something; perhaps it doesn’t. Perhaps it has a very good understanding of what the July 25th earnings announcement will bring. If earnings are spectacular–of which there’s a very good chance–and Apple issues positive forward guidance, there’s no reason the stock can’t reach 165. Perhaps it will, perhaps it won’t, but Piper Jaffray has been right so far, and among the first firm to project a stock price that other companies and people felt was overly optimistic.
In case you think I’m some deranged Apple fanboy, I maintain a realistic view of the stocks I hold: though I love Apple, and own a bunch of their products (and would NEVER buy a PC), I’m perfectly willing to short it should it the stock tumble.
“Apple has not increased in value so much because of Piper Jaffray pumping it: investors aren’t that stupid.”
Yet you can’t be stupid enough to believe that Piper Jaffray pumps the stock for some separate altruistic reason like they “believe” in the company.
They have a very strong vested interest in the value of Apple stock increasing, or at least convincing other people to buy or sell Apple stock. When things go against them, do you think they don’t talk up the stock?
Put it this way, would you take the advice of a used car salesman about how good the car he wants to sell you is?
Because make no mistake, when you place a buy or sell order for AAPL with your brokerage, sometimes it’ll go to Piper Jaffray.
I understand and acknowledge that. Of course Piper Jaffray profits from Apple’s rise, and of course they aren’t being altruistic when they review a stock. But if Apple fell, Piper Jaffray would also make money making a market for the sell orders, so it’s not as if they stand to gain only from a price rise.
Whatever the reason for their optimistic view of Apple, they’ve been correct thus far. And, again, anyone who listens to the analysts (whether from Piper Jaffray or another company), rather than doing their own research, is headed for trouble.
goooo AAPL
but, i sold all at 132 last week.
here is the dirty little secret about stocks: its all a paper gain until you realize it. remember that.
i bought AAPL twice: at 8.00 and at 17.00 and have cheered it on over the past 2 years.
there is no bigger mac fan boy than mois.
but apple is apple and AAPL is AAPL. i reached the amount that i wanted to have and sold it. sold it all.
now i will need to find something else to do with time i used to check the stock price every day. that is a small problem.
but the money is in the bank.
oh, one more thing: if any of you think that it will continue to go up and up, think again. as some have said: the large brokerage firms make the market, not what steve says on the podium. remembe that.
@ niji, Well done! a person who stands by their conviction!
Now spend some of that money to fix your shift button so that your i’s are I, also invest in a spell checker while you’re at it.
Any money left over just mail a money gram to me & I will convert it into the finest Camel’s Milk you’ve ever had. I will throw in a complimentary case of Camel’s Milk Cheese if your money gram is over three digits before the decimal point!!!!!
If the digits are in the five figures,……I will filter the Camel’s Milk with a special (registered trade mark filter I cannot mention) that will stop you blowing incredible hitherto unknown sounding farts!!!!!
“Apple addicts will gobble up every last iPhone that goes on sale this Friday at 6 pm. But will the iPhone dominate the telecom market the way the iPod has dominated the music market? I doubt it. Why? Because I believe consumers prefer ‘better’. A convergence product like the iPhone can only offer up ‘good enough’ ….the iPhone will not be a long-term success. What we will see instead is further divergence not convergence.” Laura Ries, June 2007
“I bought Laura Ries when she was high …not good.” anti-creative cretin, July 2007
camel’s milk:
http://www.camelgate.com/milk_products.php?language=0
Making outlandish claims about what might happen and what product might revolutionize the world (or might even get released) is something that MS supporters do at every press release.
Surface is the future!!! Is it now? You mean like Cairo was the future? Or tablet PCs? Or Origami? Or the iPod killers running PlaysForSure? Or the iPod killer that DIDN’T run PlaysForSure?
Apple tends to create a product and show you exactly what it does. I fail to see how this is ‘hype’.
Hype is short of hyperbole, which Wikipedia defines as “…a figure of speech in which statements are exaggerated. It may be used to evoke strong feelings or to create a strong impression, and is not meant to be taken literally.”
Hype is when Microsoft states (which they have) that “Zune Creates a Social Network”, which it in no way does.
The iPhone, by contrast, was shown in very simple adds, doing exactly what it does, and millions of customers currently agree, according to various polls (and my personal experience).
Analysts that understand Apple look at these products and gauge how many Apple will likely sell, and these numbers are most often lower than reality later proves. No estimate came anywhere near a million iPhones in a week. Not one. Other companies would kill for these numbers, but yet those same low-balling analysts are viewed as unrealistic cheerleaders and manipulators.
This is what has kept AAPL, if anything, artificially low for the last 4 years. Every earnings statement has caused a sell off (until this year) because most still felt that Apple had played its last ace, and the party soon was coming to and end.
And here, in this thread, the story continues, as desperate short-sellers and bored Windows enthusiasts unleash their tissue-tigers while those of us sitting on top of unprecedented gains just smile, one more time, and quietly add to our positions.
I have heard SpankTheMac’s message every quarter, after every product release and earnings statement, for years. And at no time before now has Apple been a better company or AAPL been a better stock. Never. Those of us that held on in the past did so because we Believed, but belief is no longer necessary. The fact is in your hand, in millions of hands, and it’s making history right before your eyes.
-c
MW: ‘quite’ (a lot)
@ ChrissyOne, That was a very somber posting! whats up? are you mellow? Simple adds get you incremental conclusions, simple but effective ads get you incredible market share!
Ps. Surface will end up creating a scarface at M$ as someone is bound to be mauled by their stock holders for it! As for the low-balling analysts…..see “Ball-mer/sillie” does that add up?
Chill sister!
@ niji,
Damn you! revealing trade secrets like that is akin to hitting below the belt!
Like the bit about making Camel’s Milk Cheese Camel! Imagine a whole Camel made of Cheese? the mind boggles!!! Just enough to stop one from farting!!!!
The next hypodermic needle has been loaded and is ready to be injected into AAPL’s botty to give it another boost! Check it out here…….
http://forums.appleinsider.com/showthread.php?s=&threadid=76518
“Piper Jaffray would also make money making a market for the sell orders, so it’s not as if they stand to gain only from a price rise”
But they LOOSE on whatever they’re holding.
“so it’s not as if they stand to gain only from a price rise.”
And it’s not as if they always give good news. Do you find that strange?
A company who makes money from price moves in a stock should not be trusted to always comment fairly on it’s prospects.
Loose = Lose. Ahem…
Of course all people involved in a financial scenario deserve scrutiny. But that does not mean all are guilty– though it may not seem so, there are people who work with integrity. I’ve been following what they’ve said about Apple for a long time. Whoever writes their public statements is Apple aware. A lot of investment houses are blatantly negligent in their ignorance, but because the mainstream generally is clueless, too, no one notices but us geeks.
I kinda’ wonder exactly what your point is, though you say a lot. Your basic point seems to be “people should think and be aware.” Well duh. Now what? Don’t you have some homework to do? You still need practice constructing relevant commentary.
Peterson, is that you?
Ladies and gentlemen:
Here is part of an email I received from an iPhone product specialist:
(my name redacted):I did get a response back from Engineering. They state they are investigating widespread cases of low audio output from the built-in speakers of the iPhone….
I hear recalls are a real bitch…Short now!
Spoke to an iPhone specialist on Fri – he said that Apple engineering is evaluating a widespread problem regarding the speaker output in iPhones. Recall anyone? Time to short AAPL!
“Your basic point seems to be “people should think and be aware.”
No my basic point is, in the financial arena, don’t trust the advice of somebody who stands to profit from you taking that advice.
e.g.
Don’t trust somebody handling the IPO for a company to analyze that company.
Don’t trust somebody handling a bond issue for a company to analyze that company.
Don’t trust somebody who makes a market in a company to analyze that company.
Don’t trust somebody touting for any merchant banking business from a company to analyze that company.
Don’t trust a financial advisor who makes his money from comissions on the products he sells you.
If they’ve built your trust, good for them. On the days they need to push you in the direction they want, they’ll be successful.
@ NoEndOfFoolishness
You’re right. We should trust anonymous postings on the interweb. Thank god you’re here to set us straight.
Apple makes like such cool products you know, that you’ve just got to buy the stock, because you know I really Love My Mac and My iPod yeah totally like it just keeps going up.
“Thank god you’re here to set us straight.”
Well if it makes sense to you to listen to the advice of somebody who makes their money when you buy and sell Apple stock, then there’s really not much more to say, except that I have a bridge for sale…
@ WeFoundTheGreaterFool
I didn’t listen to anyone’s advice to buy Apple. Actually, everyone told me to buy Dell when I first bought Apple in 2001. Compare the two charts to find the meaning behind the unique smirk I wear when people try to give me investment advice today.
I’d say you’re an idiot, but you’re not.
You are, however, a liar and a tool. Enjoy the rest of your dead thread.
-c