Apple shares hit new all-time closing high

Apple Inc. shares today rose $0.39, or 0.10%, in NASDAQ trading on well-above-average volume of 33,523,138 shares to set a new all-time closing high of $387.29.

Apple’s previous all-time closing high was $386.90 set on July 20, 2011. Apple’s all-time intraday high stands at $396.27, also set on July 20, 2011. Apple’s 52-week low is $235.56.

Apple’s market value currently stands at $358.15 billion.

The top five U.S. publicly-traded companies, based on market value:
1. Exxon Mobil (XOM) – $418.82B
2. Apple (AAPL) – $358.15B
3. Microsoft (MSFT) – $228.49B
4. IBM (IBM) – $223.95B
4. General Electric (GE) – $203.20B

Selected companies’ current market values:
• Google (GOOG) – $195.60B
• Wal-Mart (WMT) – $189.15B
• Intel (INTC) – $120.94B
• Amazon (AMZN) – $96.38B
• Cisco (CSCO) – $89.93B
• Disney (DIS) – $77.00B
• Hewlett-Packard (HPQ) – $75.15B
• Dell (DELL) – $32.29B
• Sony (SNE) – $26.90B
• Nokia (NOK) – $22.74B
• Yahoo! (YHOO) – $17.71B
• Adobe (ADBE) – $14.60B
• Research In Motion (RIMM) – $14.55B
• Sirius XM (SIRI) – $8.68B
• Motorola Mobility (MMI) – $7.43B
• Advanced Micro Devices (AMD) – $4.47B
• RealNetworks (RNWK) – $488.79M

AAPL quote via NASDAQ here.

Related articles:
Apple shares hit new all-time intraday, closing highs – July 20, 2011
Apple shares hit new all-time intraday, closing highs – July 19, 2011
Apple shares hit new all-time intraday, closing highs – July 18, 2011
Apple shares hit new all-time intraday, closing highs – July 15, 2011

12 Comments

  1. This is ridiculous. This is the most undervalued company I know of right now. They grew sales of the iPhone by 142% and sold 9.5 million iPads (almost half as many as iPhones) and this is all the bump we get in share price.

    1. Good call!
      I also like the idea of going slow and steady with patience. It’s probably not so beneficial for the short term traders, but the long haulers probably would appreciate the less turbulent steady growth. There seems to be a lot of hype out there, economy status is still is anybody’s guess/spin; some are already calling it another tech bubble. Apple has survived the previous tech-bust through innovation, insight, leadership and determination; it will triumph over this challenge as well. Steady as she goes.

      Uncertainly has nothing on a company that was born and reared on unprecedented territory.

  2. I’m just thinking it might be not only the most valuable company in the world based on market value, but have zero debt and parity with cash share value to market share value at some point 😀

  3. Apple, this quarter, has blown all metrics in financial performances. It has also achieved a profit that is equal to Google’s entire revenue for the quarter; yet, Wall Street has not showered it enough love but continue to be infatuated with Google’s “miserable” performance in comparison to Apple’s. How thoroughly broken has Wall Street’s system become?

    1. IMO- it has to be hedge funds putting downward pressure on AAPL.

      It takes a huge amount of resources to keep a stock like AAPL down, and some hedge funds would certainly have the capital especially if you couple it with algorithmic black box trading.

      ONe day it will certainly flip – ironically, because of the law of large numbers 😉 I just hope all the shorts lost their shorts!

      1. Well, financial managers are convinced, despite evidence to the contrary, that Apples’ days of growth are behind it. Now that it is so big, they believe, the law of large numbers will affect it, and so we’re getting out of it.

        It’s absurd, of course. No doubt, the “law” will affect it, likely beginning next year, but Apples growth will still be well above any other company near its size.

        I do expect the stock to go up well over the rest of the year. I have, what many people wou,d think to be a fair stake, so I’m concerned.

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