Apple shares hit new all-time intraday, closing highs

Shares of Apple Inc. today rose $4.38, or 1.64%, on heavier-than-average volume of 27,076,321 shares to set a new all-time closing high of $270.85.

Apple’s previous closing high was $266.47 set yesterday. Apple’s all-time high (intraday) stands at $272.18, set during trading today. Apple’s 52-week low is $119.38.

At market close, Apple’s market value stands at $246.36 billion.

As per NYSE, the top five U.S. publicly-traded companies, based on full market values, are:
1. Exxon Mobil (XOM) – $326.90B
2. Microsoft (MSFT) – $271.53B
3. Apple (AAPL) – $246.36B
4. Wal-Mart (WMT) – $204.98B
5. General Electric (GE) – $203.53B

MacDailyNews Note: See also:
• Apple passes Microsoft to become second-largest company in S&P 500 – April 22, 2010
Microsoft: Hey, wait a minute, our market cap is still larger than Apple’s! – April 23, 2010

Selected companies’ current market values:
• Google (GOOG) – $173.30B
• IBM (IBM) – $168.86B
• Cisco (CSCO) – $157.28B
• Intel (INTC) – $133.09B
• Hewlett-Packard (HPQ) – $126.40B
• Disney (DIS) – $71.35B
• Amazon (AMZN) – $63.85B
• Nokia (NOK) – $47.32B
• Research In Motion (RIMM) – $39.36B
• Sony (SNE) – $35.10B
• Dell (DELL) – $34.26B
• Yahoo! (YHOO) – $24.70B
• Adobe (ADBE) – $19.08B
• Motorola (MOT) – $16.41B
• Advanced Micro Devices (AMD) – $6.56B
• Beleaguered Palm (PALM) – $850M
• RealNetworks (RNWK) – $601M

AAPL quote via NASDAQ here.

32 Comments

  1. And that means, we are about $26B away from MS. Roughly 10%. Approximately one week, if we continue at this past week’s rate.

    Obviously, it is rather unlikely it will happen so fast, but at this point, it surely doesn’t look like it should take next six months either.

  2. I was thinking back over all the denigrating remarks I’ve heard from the vast vanilla landscape of PC sufferers over the years. Come what may, since the first Apple II I sold in 1983, it’s been a great ride.

    And lately, it’s been a hoot!

  3. Wow, this is amazing. My Mom decided to make her first stock purchase ever, and of course I told her to buy AAPL.

    She bought at $95 a little over a year ago when it was on it’s way back up from the recession drop. Not bad.

    Now, when is Wall Street going to hammer us??

  4. Just a few days ago, there was good resistance at $250. Now, we’ve sailed passed $270.

    Fortunately, there’s a lineup of “good news” events stacked up. First, shipping of the 3G/GPS iPads. Then, international sales of iPad will start in May (assuming the U.S. does not buy they all again).

    Then, it will be time for new iPhones. WWDC “keynote” announcements. Somewhere in there will be a refresh for consumer-level Macs, before “back to school” season.

    Then, new iPods (doesn’t sound like a big deal these days). You obviously have the quarterly reports for the June and September quarters, when Apple will no doubt “surprise” the analyses once again. By now, it’s the always strong holiday quarter, to sell lots of everything introduced this year.

  5. Oh my god, Real Networks. I haven’t thought about them in so long. I remember when they were enemy number 1 (okay maybe number 3 or 4…).

    ——RM

  6. By the time AAPL hits $350.00 or $359.37, Apple will have even more cash in the bank and they will pass Exxon and be No. 1. That should happen in less than a year.

    Will the talking heads still be looking down on Apple? Those tiny clueless opinionated village idiots still don’t see it coming. Just like the 400% increased capacity in that 1 billion dollar server farm that they don’t know exists and never ask about. (Listen to the quarterly report. It never came up. A billion dollar expense and asset never asked about.)

  7. The world is now full of believers. Ken1w talks about resistance, a technical trading term, but in a more individual and human way, Apple indeed seems to have finally broken through a psychological resistance. Those of us that still think of Apple in the old Mac vs PC ways are becoming a minority. As a consumer electronics company, Apple has caught on fire as the brand to own.

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