Apple’s previous closing high was $232.39 set yesterday March 29, 2010. Apple’s all-time high (intraday) stands at $237.48, set during trading today. Apple’s 52-week low is $102.61.
At market close, Apple’s market value stands at $213.86 billion since financial sites all use the latest published share count for Apple: 906.8 million shares outstanding as of January 15. However, Apple’s actual diluted share count, as per its latest 10-Q, was 919.783 million shares, which means that the company actually has a market cap of $216.93 billion. For the lists below, we’ll use what the financial sites use.
Apple went public on December 12, 1980 and closed with a market cap of $1.431 billion. Apple’s all-time low market value was $630.9 million on July 8, 1982.
The top five U.S. publicly-traded companies:
1. Exxon Mobil (XOM) – $316.56B
2. Microsoft (MSFT) – $261.10B
3. Apple (AAPL) – $213.86B
4. Wal-Mart (WMT) – $212.74B
5. Berkshire Hathaway (BRKA) – $201.98B
Selected companies’ current market values:
• Google (GOOG) – $180.20B
• IBM (IBM) – $167.27B
• Cisco (CSCO) – $152.5B
• Hewlett-Packard (HPQ) – $124.90B
• Intel (INTC) – $123.46B
• Disney (DIS) – $68.08B
• Amazon (AMZN) – $60.72B
• Nokia (NOK) – $57.14B
• Research In Motion (RIMM) – $41.62B
• Sony (SNE) – $38.98B
• Dell (DELL) – $29.31B
• Yahoo! (YHOO) – $23.26B
• Adobe (ADBE) – $8.70B
• Motorola (MOT) – $16.65B
• RealNetworks (RNWK) – $640.56M
• Beleaguered Palm (PALM) – $634.32M
AAPL quote via NASDAQ here.
Building…………………….
Apple’s P/E is 23 vs 16 for M$. EPS is 10 vs 1.8 for M$
Based on that aapl is hugely undervalued.
It will all come crashing down Monday morning when some analyst reports he couldn’t buy an iPad over the weekend because they are all sold out and claims that is an indication that Apple cannot keep up with demand and therefore will miss their sales numbers AND claims that will also upset a whole mess of potential buyers who will take their money and buy a competing product (which of course we know there isn’t one, but why let fact confuse anything).
Always surprising to see RealNetworks still kicking. Yikes!
Amazin1:
and if it doesn’t, it will be a bona fide breakout and a positive sign of realization
@Doggone: P/E says nothing about the value of a company only the price of its stock. With a P/E of 23 compared to Microsoft’s 10, it means that people are willing to pay more than twice as much to buy a dollar of Apple’s earnings as they are to buy a dollar of Microsoft’s earnings. The P/E by itself is not an argument that AAPL is undervalued. The value of a company is its market capitalization, which takes into account both the price and the number of its shares.
This is news I never get tired of hearing. Go AAPL!
New fleet of MBP’s next Tuesday, stock hits 345, yay.
Know a trend but don’t count on it.
Translation: maybe AAPL will tank on Monday, maybe this time will be different.
Indeed. That’s like saying nothing. Then again, that’s the most wise thing to do.
Click.
With every passing day, they get closer to MSFT.
AAPL is now worth around 81.9% of MSFT’s market cap, when – mere months ago – the figure was around 66%.
Whilst both a compliment to Apple’s stellar management and product development, it’s also an indictment of Ballmer’s management of MSFT and that company’s inability to define a clear vision of what it needs to be in this decade.
The train keeps on chugging!
Laura Goldman… paging Laura Goldman….
Shouldn’t have sold mine at 80. I did buy at 40 though.
@chabig
Actually I was referring to the fact that the EPS is 10 for aapl vs 1.8 for M$ , whereas P/E is very similar for the two companies.
Correct me if I’m wrong, but doesn’t that mean that on a per share basis Apple is generating 6 times more earnings than M$.
So if performance (i.e profit) is used as a factor for share valuation, then appl are outperforming M$ 6:1.
So in the 30 years since it has gone public Apple has a Market Cap growth at an average rate of about 18% per year. Not bad. Not bad at all.
@ Macromancer
Stop with the Laura Goldman reference already; it’s a new decade and a lot has happened since her sell recommendation. For example, she made her recommendation in 2007 when AAPL was in the $110-120 range. AFTER her recommendation, AAPL went up to $200 (hence the ridicule), but then tanked to under $80, due mostly to the financial crisis. $80 is well below her recommended sell price. So technically, she was right, but for all the wrong reasons.
It’s time to find some other analysis to laugh at… (which thankfully MDN points to every week)
” width=”19″ height=”19″ alt=”smile” style=”border:0;” /> But don’t laugh too hard, because AAPL will no doubt have significant dips in the future. When “everyone” thinks AAPL is headed for $300 (or $500 after $300 is breached), start worrying and picking a time to take profit on at least a portion of your shares.
You freaked me out for a second. Adobe is missing a digit. It should be $18.70 Billion, not $8.70 Billion.
Oh…in the spirit of MDN, it should be $8.70 Billion, but it *is* $18.70 Billion.
@ron
I’ve been kicking myself for not buying at $80!
When Apple passes Microsoft, heads are going to SPIN!
They will not be able to stand it.
It’s hilarious to compare Apple to Dell. A real pity Michael didn’t buy stock – he would’ve done A LOT better. The things U said are your worst enemies. They really got crammed down his throat!
More Chairs! NOW!
I doubt if any heads will spin when Apple passes Microsoft. They are going to spin it in some way that Apple’s value is still less than Microsoft’s. Probably using some long-term debt ruling or some other vague reasoning. There is already a spin that Wal-Mart is still currently worth more than Apple so market cap isn’t everything. It’s going to take a share price of $290 or so to overtake Microsoft so it seems as if it won’t happen until late into this year or early next year unless the iPad is a huge success.
I’m happy to see Apple where it is today because I didn’t think it would reach $230 by mid-year and it’s already at $235. I only hope it stays that high for awhile and no major pullbacks take place before it reaches $250.
“But don’t laugh too hard, because AAPL will no doubt have significant dips in the future.” Ah, another solid-gold prognostication from an anonymous expert here on the web.
As Yogi Berra once said, “It’s tough to make predictions, especially about the future.”
Here are several memorable predictions of yore:
* Radio has no future. Heavier-than-air flying machines are impossible. X-rays will prove to be a hoax.” William Thomson, Lord Kelvin, British scientist, 1899
* Television won’t last because people will soon get tired of staring at a plywood box every night.” Darryl Zanuck of 20th Century Fox, 1946
* Atomic energy might be as good as our present-day explosives, but it is unlikely to produce anything very much more dangerous.” Winston Churchill, 1939
* It will be years — not in my time — before a woman will become Prime Minister.” Margaret Thatcher, 1969
* We don’t like their sound, and guitar music is on the way out.” Decca Records, when rejecting the Beatles in 1962
* I think there is a world market for maybe five computers.” Thomas Watson, president of IBM, 1943
* This ‘telephone’ has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us.” Western Union internal memo, 1876
One must not be TOO sure of anything, eh, ken1w?
It is times like this when I look back and smile at this one….
“”Last week the FCC finally approved the iPhone and it should be on the market by June. I am putting a sell on Apple, the company that created the iPhone,” Laura Goldman writes for McClatchy-Tribune News Service.” May 21,2007
http://macdailynews.com/index.php/weblog/comments/13675/
MDN… Stop publishing the same news over and over again. I think I have read this same article 4 Times these past days. The only difference is Apples share price…