Apple shares hit new all-time intraday, closing highs

In NASDAQ trading today, Apple Inc. (AAPL) shares gained $21.48, or 3.78%, on well above average volume of 50,045,831 to set a new all-time closing high of $589.58.

Apple’s previous all-time closing high was $568.10, set yesterday.

Apple’s all-time intraday high is $594.73, also set today. Apple’s 52-week low stands at $310.50.

Apple’s market value currently stands at $548.95 billion.

The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – $548.95B
2. Exxon Mobil (XOM) – $405.01B
3. Microsoft (MSFT) – $274.42B
4. IBM (IBM) – $237.40B
5. GE (GE) – $209.56B

Selected companies’ current market values:
• Wal-Mart (WMT) – $209.29B
• Google (GOOG) – $200.01B
• Intel (INTC) – $137.02B
• Cisco (CSCO) – $108.66B
• Amazon (AMZN) – $82.75B
• Disney (DIS) – $79.97B
• Hewlett-Packard (HPQ) – $48.19B
• Dell (DELL) – $30.92B
• Sony (SNE) – $21.66B
• Nokia (NOK) – $18.29B
• Yahoo! (YHOO) – $17.73B
• Adobe (ADBE) – $16.65B
• Motorola Mobility (MMI) – $11.98B
• Research In Motion (RIMM) – $6.77B
• Sirius XM (SIRI) – $8.58B
• Advanced Micro Devices (AMD) – $5.43B
• RealNetworks (RNWK) – $0.35B

AAPL quote via NASDAQ here.

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37 Comments

  1. AAPL is up over 55% in the last 3 months and the P/E is only at 16. That’s insane!

    Basically, AAPL is climbing like crazy and is still very cheap. Especially for a company positioned to grow revenue 100%+ y/y for the next couple years.

    Why would you buy any other stock? I just wish I had more money to put into it. I’ll have to check my couch cushions.

            1. He swears that Windows 8 will change all that and put Microsoft back in its rightful place. He vows to take back all the desktop PC market share lost to Apple, while somehow forgetting that the desktop PC has lost its relevancy.

      1. SOB,
        The point, which apparently you did not see, is that the 2x was true only briefly, lost in the afternoon decline (in which Apple lost twelve points off the peak), and regained shortly before closing.

        Glasses, anyone?

      1. By the end of this week Apple would zoom past Google in share price. It’s just another $26! How unbelievable is it when hardly less than 1 year ago Google was $670 and Apple was $280. When Apple reaches $1,000 Google would have retreated to $500. Google would rue the day when it became greedy and decided to do rough justice by stabbing its best friend in the back.

        Google is getting its comeuppance. It has many fierce enemies, both big and small. If it has not betray Apple, life for Google might be a lot more bearable.

  2. It’s not just that they’re 2x the value of MSFT now, but keep in mind that MSFT is still the 3rd most valuable company in America! That just shows how enormously valuable AAPL has become!

  3. The closing price the previous day is not the same price that the stock opens at the next day. There is also after hours trading and pre-open trading too. All of that plus rumors affect the next day opening price.

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