Apple shares hit new all-time closing high – again

Shares of Apple Inc. today rose $2.95, or 1.58% to close at $189.95 on volume of 28,877,858 shares to set a new all-time closing high.

Apple’s previous all-time high (intraday) of $189.37 and previous all-time closing high of $187.00 were both set yesterday on October 30, 2007. Apple’s 52-week low stands at $76.77, set on December 27, 2006. Apple’s Day High was $190.12 and Day Low was $184.95.

At market close, Apple’s market value stands at $165,698,893,550

For reference, some selected current market values:
• Microsoft (MSFT) – $346,078,491,120
• Google (GOOG) – $220,679,445,000
• Cisco (CSCO) – $201,639,122,220
Apple (AAPL) – $165,698,893,550
• IBM (IBM) – $157,970,460,840
• Intel (INTC) – $157,096,000,000
• Hewlett-Packard (HPQ) – $133,234,244,160
• Dell (DELL) – $69,511,388,400
• Disney (DIS) – $67,253,016,600
• Sony (SNE) – $49,561,986,520
• Yahoo! (YHOO) – $41,660,067,200
• Amazon (AMZN) – $36,997,250,000
• Adobe (ADBE) – $27,484,445,200
• RealNetworks (RNWK) – $1,088,956,440
• Napster (NAPS) – $150,800,000

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 70% since Goldman’s “sell” recommendation.


  1. $200 is about 5% away. For those with (extremely) short memory, there were many days over the past few months when AAPL rose 5% in a single day, without any major relevant event. I don’t see a reason why something like that wouldn’t happen again.

    Indeed, $200 is just few days away, more than likely before Thanksgiving (for non-US visitors, it’s a US holiday falling on the Thursday of the last weekend in November). And if it continues at that pace, $220 before Christmas makes for a natural progression.

    This news just never gets old. What a great time for our favourite company!

  2. “But is this kind of gain sustainable?”

    It is when you consider several things.
    Revenues from iPhones are certainly going to go up as they gain share, and this doesn’t even include potentially lower priced iPhone ‘nano’ style models aimed at gaining entry level users.

    And, when you have only 6-7% of the PC market, you have a lot of room for growth. If this thing gets to 10%, its going to really rock out.

    Then there’s the AppleTV darkhorse and a potential spectrum grab partnering with Google next year.

    Apple has set the table to be able to grow for years to come. Just because the price is near 200$ don’t think that makes it expensive and nearing the end of its run. Keep in mind that considering the stock split a couple years ago, the stock is really nearing $400/share and i think had you said that to someone in 2002 they would have called you a nutty fanboy.

    Just watch the P/E ratio. So long as it doesn’t go much higher, I think the thing will continue to push forward.

  3. Worries about the sustainability of AAPL aren’t unreasonable, but the stock’s been going up steadily for the past four years, with incredible growth this year. I wonder how long they’ll have to keep breaking records and making crazy money before it’s not a bubble.

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