Apple shares break through $150

Shares of Apple Inc. (AAPL) today broke solidly through the $150 mark.

Apple is currently trading at $150.83, up $2.55, or 1.72%, on volume of 26,316,301 shares.

Apple’s market value currently stands at $131,167,952,030. For reference, Dell is worth of $63,718,772,700 is less than half that of Apple’s and HP is within whispering distance at $132,777,672,300.

The company’s 52-week high stands at $149.85, set yesterday.

41 Comments

  1. I’m a late comer with only 69 shares bought in March.

    (I tried to play the market for a year before March, but somehow kept buying high and selling low, hoping to buy in lower to sell high and then having the whole thing jump to new highs.)

    Still, with 69 in at $93, Google tells me that I’m $3,963 to the good on an initial investment of $6,400.

    That’s free money right there. Plus quarterly earnings.

    Just wish I’d had $640,000 to put in in March… Suddenly I realize how people make tall cash in this business (and realize the bitter fact that it takes money to make money).

  2. I just checked the market cap on Yahoo finance and AAPL has now passed HPQ.

    http://finance.yahoo.com/q/co?s=AAPL

    IBM is market cap at 159B and in between AAPL now and passing IBM they will reach 50% of the Evil Empire (M$).

    When you compare market share and actual volume of sales it is easy to see why Apple is the darling of investors, it is sooooo profitable while still retaining very good customer loyalty and satisfaction from established and new customers.

    Coooool

  3. @shogun: “Still, with 69 in at $93, Google tells me that I’m $3,963 to the good on an initial investment of $6,400.

    That’s free money right there. Plus quarterly earnings.

    Just wish I’d had $640,000 to put in in March… Suddenly I realize how people make tall cash in this business (and realize the bitter fact that it takes money to make money).”

    One thing you can do with most brokerage companies, at least with eTrade.com, is to leverage your holdings and actually buy slightly more than double your shares, just like you had the money in the bank. Yup, there is the interest, but it pales in comparison to the profit if things go up. Just watch the downside, and go to town, at least with a stock like aapl.

  4. I have been selling my Apple stock and this is the reason.

    Apple is getting over balanced and ready for a fall.

    They are taking entirely too much on and starting to slip, heck they have been slipping for awhile now.

    Steve Jobs is busy wheeling and dealing with the various devils of the industry, but at home the quality control, innovation, and attention to detail has flown the coop.

    Apple is not listening to what people want.

    They are getting even greedier than before.

    They are ready for burnout, and so is the customer base they live on.

    Their star rose too fast and their crash will be even faster.

    I’m out of Apple.

  5. I bought in at $53.77 almost 2 years ago with the goal that I double my money within 2 years. I’ve achieved that goal, and would almost have tripled my money if the damn US dollar wasn’t tanking. I’m in Canada, so when my money increases in value, my US investment loses value. I’ve probably lost 10-12% because of the exchange rate. Thankfully AAPL’s performance makes up for it. For now at least.

    In the meantime, I guess I’ll take advantage of the cheaper shopping south of the border!

  6. Gotta love people who say as Stock Trader says above that he’s selling his shares.

    I hear that from time to time from people who think it’s too high (e.g. back before it hit $100)… how much did these people leave on the table?

    The only thing one has to worry about is external influences such as the market in general, not Apple internally (excluding say Steve Jobs’ dying)… Apple have never been better. Yes, it’s time for a cosmetic upgrade on most of their computers, but Apple lacking innovation? I don’t think so… what’s the iPhone UI? Show us all a more innovative UI, especially on a phone.

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