Apple shares hit new all-time high – again

Shares of Apple Inc. today rose $2.111, or 1.35% to close at $158.45 on volume of 27,849,177 shares to set a new all-time closing high.

Apple’s previous 52-week high was $157.41, set yesterday. Apple’s 52-week low is $72.60, set on October 11, 2006.

At market close, Apple’s market value stands at $137,794,616,450.

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. Apple has risen 41.5% since Goldman’s “sell” recommendation.

38 Comments

  1. Was yesterday’s high set in intra-day trading? I don’t see how the stock rose over $2 when the high yesterday was only $1.04 less than today’s close. What was the closing price yesterday? What was today’s intra-day high?

  2. The convention is, take the stock price at previous day’s market closing and compare it to the price at today’s market closing. Yesterday, it closed at $156.34; today, it closed at $158.45 (as stated above). That marks the $2.11 difference. Intra-day, pre-market and after-hours trading is not tracked for statistical purposes, although it is often reported on when it breaks out of the overall market trends.

  3. Here’s what the nay-sayers still don’t get – Apple controls the whole ecosystem: 1) their OS; 2) their hardware and 3) their own stores. Not one of the big guys – MS, HP, Dell, Sony, Nokia, Verizon, et al has that capability. It’s too late for any of them to even attempt to enter all three arenas.

    This is a classic B-school case study in vertical integration!

  4. The potential challenge and benefit of an expanding Market Cap:

    “It is possible for stock markets to get caught up in an economic bubble, like the “dotcom mania”, and excess speculation, like any asset class such as gold or real estate. In such events, it is normal for companies to become valued on past momentum extrapolated into the future plus justified by a convincing story as well as success, until it goes wrong and the world mean-reverts, causing significant losses. Conversely, stock markets will usually be the primary transmission mechanism for most of the pleasant surprises that occur in the world’s economy.”

    While Apple continues to successfully produce on the bottom line, their continuing success is vulnerable to external factors beyond their control. It’s these “external factors” where competition usually directs FUD and other negative media, hoping to create an air of uncertainty, fear and/or instability.

    Apple is no longer “under the radar”. Their expanding operation may require a new business approach over the next three years for marketing, production and customer satisfaction efforts to maintain their effectiveness. Otherwise, a stumble (e.g iPhone marketing issues) could quickly become a fall.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.