Apple shares hit new all-time closing high

Invisible Shield for Apple iPhone 4!Shares of Apple Inc. today rose $6.35, or 2.35%, on slightly above average volume of 23,115,967 shares to set a new all-time closing high of $276.57.

Apple’s previous all-time closing high was $274.16 set on June 18, 2010. Apple’s all-time high (intraday) stands at $279.01, set on June 21, 2010. Apple’s 52-week low is $177.88.

At market close, Apple’s market value stands at $252.66 billion.

The top five U.S. publicly-traded companies, based on full market values, are:
1. Exxon Mobil (XOM) – $310.45B
2. Apple (AAPL) – $252.66B
3. Microsoft (MSFT) – $219.19B
4. Berkshire-Hathaway (BRKA) – 206.70B
4. Wal-Mart (WMT) – $193.28B

Selected companies’ current market values:
• IBM (IBM) – $163.55B
• Google (GOOG) – $153.32B
• Cisco (CSCO) – $125.25B
• Intel (INTC) – $105.62B
• Hewlett-Packard (HPQ) – $91.50B
• Amazon (AMZN) – $66.34B
• Disney (DIS) – $65.35B
• Nokia (NOK) – $37.50B
• Sony (SNE) – $31.08B
• Research In Motion (RIMM) – $25.69B
• Dell (DELL) – $24.15B
• Motorola (MOT) – $19.63B
• Yahoo! (YHOO) – $19.13B
• Adobe (ADBE) – $17.25B
• Advanced Micro Devices (AMD) – $4.15B
• RealNetworks (RNWK) – $391.86M

AAPL quote via NASDAQ here.

32 Comments

  1. Man, what’s happening?! As a stock holder I’m thrilled but is it just all of the positive news lately and upbeat future earnings and sales projections? I’m so used to people NOT believing and constantly underestimating Apple. Maybe they’ve finally learned their lesson? Hope so.

  2. The Apple naysayers on the street are caught in a short squeeze as many had bet Apple would not break past $270. Now they are having to buy Apple shares to cover their shorts, which is driving the stock higher faster than in a normal market. Let the price settle and then buy.
    I put a hold on my automatic investment in Apple after it started back up above $240 and am parking my investment $ in a money market account until the shorts have cleared. I’m a log term hold on Apple, but as a constant dollar investor don’t want to overpay.

  3. Apple is now within 25% of Exxon-Mobile. In other words, if XOM remains stagnant, AAPL needs to grow by about 25% and it will exceed XOM’s market cap.

    Sometime in late February, AAPL was just about in the same position against MSFT. It needed to grow some 25% (with MSFT remaining flat) to eclipse it. It took three months for that to happen.

    We are now entering the holiday quarter of the year. Apple continues to fire on all cylinders, while US economy continues to be ambivalent, and XOM seems to continue its running in place.

    How many here would like to wager that Apple will be the most valuable company in the world before this year ends?

  4. $277.70 as I type this. I feel so much better now than i did back on August 24th. I was down a lot of money then. Now I’ve made enough to pay for all of the Apple toys I’ve recently purchased.

  5. “We are in the $ Money!” ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

    Go Apple go Up!!! Higher baby!!!!!

    401k = Yes! Baby.
    Sweet ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

    Buy AAPL
    $301 soon!
    2011 = $401!!!!!!!!!

  6. Today’s jump is a short squeeze, so don’t think Apple is in a go-go cycle. Our nation, Apple’s best market, is in a deep financial hole and until after the election cycle will be kinda on hold. That’s not finger pointing or political- the market and consumers won’t make big changes in behavior until they know what kind of policy is coming out of D.C.
    November is going to be a very important election regardless of your politics and all that can vote should. Just vote based on knowledge and facts, not punditry and spin from anyone.

  7. …”Just vote based on knowledge and facts, not punditry and spin from anyone.”

    Judging by political diarrhoea that frequently soils MDN pages, there is absolutely no chance of that happening anytime soon…

  8. When Apple passed Microsoft in market cap, I expected the positions to swap a few times before Apple finally took the lead… it didn’t happen, Apple has just streaked ahead.

    Man, I’d hate to be the MSFT team having to front up at the annual meeting to try to explain their 10 year desert-flat stock price, compared to the relentless rise and rise of AAPL…

  9. I think it’s safe to say that Apple has reached critical mass, passed the tipping point, or however that might be expressed. Maybe it’s even reached escape velocity from the recession. It’s the ever-expanding Apple universe!

  10. I didn’t see anyone suggesting hypotheses last week when AAPL was taking a nosedive as to the whys and the wherefores. What’s going on this week is a correction. Wouldn’t surprise me a bit to see the price fall tomorrow. I’m not an analyst mind you, but the money yowled make buying in the trough and selling on the peak is staggering.

  11. Apple is at the top of it’s recent range and a short squeeze is going on. Literally millions of shorts have to cover their bets that Apple wouldn’t punch above $270, so now they have to buy a stock
    they do not want. This is great if
    you are looking to cash out of
    Apple, I made my last purchase of
    stock at about 240 a couple of
    weeks ago. However, after the run up, it will probably drop back some. Then I will buy some more.

  12. Recently I got audited by IRS and one of the things they specifically questioned was the ballooning value of my IRA (which is all AAPL, bought pre-iTunes). Though they denied it, I think that’s what flagged me.

    It was weird, they were skeptical like I was dealing coke or something.

  13. Exxon Mobil seems almost out of reach for Apple. Apple is going to have to sell about 12 million iPads before year’s end to pump up Apple’s stock in the right direction. Right now the stock seems to be creeping up ever so slowly and it might reach $300 by the end of the year if the economy doesn’t go into a tailspin again.

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