Apple shares hit new all-time closing high

Shares of Apple Inc. today rose $6.03, or 3.03% to close at $204.79 on heavy volume of 40,742,913 shares to set a new all-time closing high.

Apple’s previous closing high was $199.83, set on December 28, 2007. Apple’s all-time high (intraday) stands at $208.71, set during trading today. Apple’s 52-week low was $78.20, set on January 20, 2009.

At market close, Apple’s market value stands at $183.40 billion.

For reference, some selected current market values:
• Microsoft (MSFT) – $236.76B
Apple (AAPL) – $183.40B
• Google (GOOG) – $173.97B
• IBM (IBM) – $159.93B
• Cisco (CSCO) – $138.60B
• Hewlett-Packard (HPQ) – $114.26B
• Intel (INTC) – $109.85B
• Disney (DIS) – $54.31B
• Nokia (NOK) – $48.24B
• Research In Motion (RIMM) – $37.43B
• Amazon (AMZN) – $40.34B
• Dell (DELL) – $29.63B
• Sony (SNE) – $29.10B
• Yahoo! (YHOO) – $24.78B
• Motorola (MOT) – $18.82B
• Adobe (ADBE) – $18.23B
• Palm (PALM) – $2.51B
• RealNetworks (RNWK) – $564.74M

AAPL quote via NASDAQ here.

46 Comments

  1. I want to see the sheepheads turn the day the entire media announces that Apple’s market cap surpassed M$ cap. Many people really don’t realize it is that close.
    What will Ballmer say then, when that happens?? He touts marketshare constantly when asked about Apple. What will happen to IE marketshare
    when Apple drops a hidden Safari into iTunes.
    When the giant falls, the giant falls fast and hits hard…people will jump ship
    bigtime…who need a dividend with this kind of growth.
    Marketshare power is draining…market cap power turns heads.

  2. @Geo

    “I want to see the sheepheads turn the day the entire media announces that Apple’s market cap surpassed M$ cap. Many people really don’t realize it is that close.”

    I thought about this too and rather than respond by saying that they were wrong about it never happening, I guarantee you that they will refer to Apple as Apple$ as if the company is money hungry like Microsoft rather than simply selling a great product and reaping the rewards.

    We’re already seeing people saying that Apple isn’t selling a superior product but rather is only the result of good marketing.

  3. This is fabulous, and well-deserved!
    On a sidenote, however, Apple really should do something with that $34B. Keeping most of it is fine, but how much unproductive capital should there be, just sitting around uninvested? $40B? $50B? If Apple can’t figure out what to do with that fast-growing pile, maybe its shareholders can! Either invest it, or pay out a dividend!

  4. AAPL on 10/21/2009

    At Open: 199.520004
    At Close 204.919998
    Share Volume 42,024,032

    Intraday High 208.7099
    Intraday Low 199.229996

    The trading price barrier of $200.00 for AAPL has been crossed
    The next minor trading price barrier of $250.00 for APPL should not be an issue.
    The next major trading price barrier for AAPL will be $300.00, If Apple manages to break another sales record for the first quarter ending in December expect the $300.00 price barrier to be broken as well.

    My prediction is AAPL’s will pass the $250.00 by the first week of January if not by Mid December.

  5. @ Original Jake

    Do you realize that even a 3% annual return on $34B is more than $1,000,000,000 in pure profit? With zero effort. I would hardly call that “unproductive.” A billion dollars is more profit than what Dell shows on its bottom line every quarter; soon it will probably exceed Dell’s annual bottom line profit.

  6. And here are the nine companies (currently trading on the US stock markets) that are still larger than Apple (by market cap):

    Exxon Mobil Corporation 352.31B
    PetroChina Company Limited (ADR)  240.47B
    Microsoft Corporation  237.58B
    Petroleo Brasileiro SA (ADR)  220.19B
    BHP Billiton Limited (ADR)  204.30B
    HSBC Holdings plc (ADR)  199.98B
    China Mobile Ltd. (ADR)  199.09B
    Royal Dutch Shell plc (ADR)  195.76B
    Wal-Mart Stores, Inc.  195.27B
    Apple Inc. 183.57B

    So, even the biggest of them all (Exxon-Mobile) is still barely twice the size of Apple.

    Most amazing!

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