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.

  7. Lyndon, don’t feel bad. At least you have some shares, and at an amazing price by today’s value. My SO bought a few shares of AAPL just before the iPhone intro, and while it’s waaaay too early to mess with, we’re pretty happy. Maybe enough to get a new Mac with next year!

  8. Well, I’m glad I called it. I sent an email to MDN last night telling them to watch AAPL as it was on the verge of passing HP in market cap, which would make Apple the most valuable personal computer company in the world. Historic day for Apple. I don’t think they were ever the most valuable personal computer company even in the early to mid-80s.

    Incredibly, you could have bought as recently as April for about $90.

    Personally, I think there is some large market buying due to “windowdressing”, ie mutual fund managers are buying to dress up their quarter end reports. If they’re not in the biggest tech stock of the last 3 years, the mutual fund owners get upset.

  9. In fact, “Stock Trader” is “Stock Boy”! Remember him a year ago last summer? He was going to short AAPL then at $50 and clean up. Well, he’s cleaning up now . . . pushing a mop and bucket around at the local Mickey Dee’s!

    YOU’RE A MORON, “STOCK BOY/STOCK TRADER”! You are drowning in the sea of your own stupidity, and I am throwing you a cup of water!

  10. My overall AAPL gains crossed 100% today (109, actually), even with the most recent buys averaged in. My first buy is up over 1,200%.
    I think I can officially say that I’ve cleaned up.

    And it ain’t over yet.

    -c

    MW: ‘period’

  11. Well, some two months ago, we had already surpassed HP once, during the big pre- and post-iPhone surge (HPQ was around $127B and AAPL hit $149 with around $130B). The sub-prime mortgage fiasco of August dragged AAPL back to $120s for a while, giving back the Largest Computer Company title to HP. Obviously, not for long (which anyone knowing Apple at the time knew anyway). Well, we’re back.

    It is quite possible that AAPL might retreat again and cede the title once again to HP; still, it will again be not for long (much like it wasn’t for long when the same thing happened in January 2006 with Dell). Next target should be Google and IBM. Once we clear that hurdle, we’ll take another deep breath and work our way towards MSFT. I say, two more years (Christmas 2009 will be an important one on many levels).

  12. @ Predrag

    Sounds about right to me. I think a $280BN market cap isn’t completely out of the question by Macworld ’10. And that’s assuming MS doesn’t shrink (though it’s so flat-lined I doubt it will move in either direction.)

    -c

    MW: ‘power’

  13. My largest block of AAPL holdings scored a 25 bagger. My most recent block of investment in AAPL — just prior to the iPhone going on sale — is up over 20%. I’m now have a real chance to outrun my massive medical bills, because AAPL is putting my finances on the good side of what engineers call the power curve. I’ve been into the seven figures ($) for a while and now I am in even deeper.

    Apple haters are also in deeper — deeper rage.

  14. Apple is a $200.00 stock waiting to happen.

    The iPhone isn’t even selling globally yet. Leopard hasn’t even dropped yet. Where are those new Cinema Displays? What about the new “Macbook Thin”? We’re still months away from the holiday season. Intel’s Penryn chips hit the streets in January. The new iPods and the iTouch have only been in stores a few days.

    What other surprises await us at Macworld ’08?

    Are you kidding me?

    Let these anti-Apple fools spout all they want. As for me and my house, we’re buying Apple!

    Peace.
    Olmecmystic ” width=”19″ height=”19″ alt=”cool smile” style=”border:0;” />

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