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.

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