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.
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!
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.
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.
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.
One of the top three reasons I recently quit my job was so I could roll my 401k over to E*trade and put it all on AAPL baby!
(not counting the 14% put into an emerging markets infrastructure mutual fund for safety!)
Apple always made good product, and i am totally trust on apple.
http://leanspaacai.org
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.