Apple shares hit new all-time intraday, closing highs

Shares of Apple Inc. today rose $0.50, or 0.21%, on lighter-than-average volume of 11,619,04 shares to set a new all-time closing high of $242.29.

Apple’s previous closing high was $241.79 set last Friday, April 9th. Apple’s all-time high (intraday) stands at $243.07, set during trading today. Apple’s 52-week low is $115.76.

At market close, Apple’s market value stands at $219.71 billion.

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) – $324.40B
2. Microsoft (MSFT) – $265.92B
3. Apple (AAPL) – $219.71B
4. Wal-Mart (WMT) – $206.82B
5. Berkshire Hathaway (BRKA) – $198.69B

Apple vs. Microsoft Market Cap:

Via Wolfram|Alpha. More info here.

Selected companies’ current market values:
• Google (GOOG) – $182.12B
• IBM (IBM) – $166.74B
• Cisco (CSCO) – $151.90B
• Hewlett-Packard (HPQ) – $126.35B
• Intel (INTC) – $124.51B
• Disney (DIS) – $69.61B
• Amazon (AMZN) – $62.77B
• Nokia (NOK) – $55.99B
• Research In Motion (RIMM) – $39.32B
• Sony (SNE) – $36.67B
• Dell (DELL) – $31.19B
• Yahoo! (YHOO) – $24.53B
• Adobe (ADBE) – $24.70B
• Motorola (MOT) – $17.16B
• Beleaguered Palm (PALM) – $1.02B
• RealNetworks (RNWK) – $605.42M

AAPL quote via NASDAQ here.

22 Comments

  1. I have a bottle of champagne waiting to be opened.

    Just as soon as Apple’s market cap hits $270B, I’ll tip my glass to Monkey-boy. ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

  2. I find it fascinating that Microsoft has something like 92,000 full time employees. Apple has approximately 31,500 employees. This is not a direct tie-in to overall productivity, however it is a significant difference in the two companies.

    Just a thought.

  3. Essentially flat today, but at least AAPL was slightly positive on a day when MSFT was slightly negative.

    And PALM is back up to $6 on takeover rumors. I should have gone with my gut feeling and bought a bunch when it went under $4. I thought it might go lower before the “for sale” sign went up.

  4. @auren

    A hefty chunk of that is retail, APPL is a lean mean code machine. Oh and hardware too, err, and design, and marketing, ok genius as well, yeah and the finest line up of VP’s in world company history.

    It’s so easy when you think it out. ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

  5. People who still make “Laura Goldman” jokes don’t seem to recall that APPL dropped more than $30 BELOW her recommended sell price (to under $80 a share). Hearing her name used to make me laugh and feel smug; now it makes me cringe. So stop it already… there are plenty of more recent analyst stupidity to joke about.

  6. I still get a good chuckle out of Laura Goldman quote, it just doesn’t feel complete without mentioning her. A tradition almost that hasn’t run out of gas just yet.

    And for defending her, well she made the call when Apple was poised to grow big and it did. It only crashed a long time later along with the Market and hedge fund manipulation. She was none the wiser as she came out swinging when Apple finally went down below her initial prediction point. So, yeah, not a lot of sympathy for her from my end. But if everyone else wants to move on from that, I won’t spoil the party.

  7. @ krquet

    > And for defending her…

    I’m certainly not “defending” her. The actual reasons for her sell call were absurd. However, the previous purpose of bringing up her quote as Apple was heading to $200 (the first time) when she said to sell at around $110, was to make the poster and reader laugh and feel smugly superior to the stupid “pro” analyst. Sure, AAPL is even higher now, but some folks seem to conveniently forget the detour to under $80, during the perfect storm of financial crisis and Steve Jobs health rumors.

    But I’ve reconsidered. Hearing her name will henceforth (as least for me) be a reminder that even mighty AAPL can drop more than 60% in market cap over the course of a bad year, even as we are now anticipating and posting happily about the day when Apple’s market cap exceeds Microsoft. Compared to a 60% drop, 20 to 30% drops are likely, for whatever currently unanticipated reasons. So I’ll use someone bringing her name back up (to feel smug) as a note of caution, which is will be quite useful as AAPL is hitting all-time highs once again (and we are back to joking about “Laura Goldman”).

  8. I love what’s been happening to my HUGE cache of 54 AAPL shares. And I’m the biggest Apple fan I know. But let’s not forget Micro$oft pays a dividend, and Apple doesn’t.

    Question to those who know how to find out – what would Microsoft’s cap be if they had retained all their earnings, like Apple does?

  9. It’s idiotic to defend Laura Goldman. Apple went down due to macroeconomics. Laura’s call was based upon Apple’s fundamentals, not the markets. So, crediting her for making a call that any monkey could have lucked into, is nonsensical. Why do you persist?

    Apple had no bumps in the road when looking at their earnings, there is no valid reason to give her any credit.

  10. @ken1w

    As KenC points out AAPL stock price declined based on overall market issues, not based on AAPL performance. If you look closely, you’ll see that Goldman’s sell call came in mid-May of 2007, 1 month prior to the original iPhone release, and the stock was at aprox 105.00. The next time it was below that price was in Oct of 2008, almost 18 months later. Between those 2 times it peaked at about 200.00 at the end of Dec 2008.

    So, if you had instead bought AAPL on the day she called for a sell and held it until the end of Dec 08, you would have made about 90% on your investment. Unless you are suggesting that she was instructing us to hold AAPL for 17 months and then sell it, I think you’ll have to agree that she gave poor investment advice at that time, and that her call to sell was a tad premature.

  11. In case you all missed it, and I can’t really blame you if you did, Microsoft had a major press event today. They announced their ‘kin phone. This is the major mobile phone strategy, code named Pink, lead by Roz Ho after the acquisition of Danger and the abandonment of the Sidekick (as well as jumping ship from T-Mobile to Verizon). This is something that they’ve been working on for years (almost longer than their target audience has been alive!)

    Certainly, that bumped their stock…oh wait…they lost another 185 million in market cap today.

    ‘kin failure!

  12. The MS stock price will begin to fall when declining sales of Win 7 are reported (early adopters have it), sales of net-books increase but are lower than expectations (due to iPads), large education sales of iPads blossom in July/Christmas and the exorbitant cost keeps most people away from Office 2010 (remaining on 2003/2007 or free alternatives or lost iPad sales to iWork or as Google Docs becomes a viable alternative for many).

    Microsoft has become the next ‘Big Blue’.

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