Today in Nasdaq trading, shares of Apple Inc. (AAPL) rose $2.86, or 2.34%, to hit a new all-time closing high of $124.88. Apple’s previous all-time closing high was 122.02 set on February 6, 2015.
Also during trading today, AAPL set a new all-time intraday high of $124.92.
Apple’s 52-week low stands at $73.05.
Apple, the world’s most valuable company, currently has a market value of $727.39 billion. Apple is the first U.S. company to close above the $700 billion mark. The prior record had been held by Microsoft set on December 30, 1999 with a market capitalization of $618.9 billion. Adjusting for inflation to 2015, Microsoft’s market capitalization would be at $876 billion. At that time, MSFT’s P/E stood at 77x. AAPL’s P/E today stands at only 10x.
The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – $727.39B
2. Exxon Mobil (XOM) – $380.61B
3. Google (GOOG) – $364.55B
4. Berkshire Hathaway (BRK-A) – $359.03B
5. Microsoft (MSFT) – $347.68B
Selected companies’ current market values:
• Walmart (WMT) – $278.29B
• Facebook (FB) – $214.15B
• Amazon (AMZN) – $174.21B
• Disney (DIS) – $173.13B
• Intel (INTC) – $159.86B
• IBM (IBM) – $156.78B
• Cisco (CSCO) – $137.71B
• Hewlett-Packard (HPQ) – $70.03B
• Yahoo! (YHOO) – $41.35B
• Adobe (ADBE) – $36.38B
• Twitter (TWTR) – $29.89B
• Nokia (NOK) – $28.60B
• Sony (SNE) – $28.55B
• ARM Holdings (ARMH) – $23.59B
• Sirius XM (SIRI) – $21.27B
• BlackBerry (BBRY) – $5.16B
• Pandora (P) – $3.11B
• Advanced Micro Devices (AMD) – $2.36B
• RealNetworks (RNWK) – $252.00M
AAPL quote via NASDAQ here.
Related articles:
Apple hits new all-time high, becomes first $700 billion company – February 10, 2015
Apple shares hit new all-time closing high – February 5, 2015
Apple shares hit new all-time intraday and closing highs – February 4, 2015
Apple shares hit new all-time intraday high – January 30, 2015
Apple destroys Street with all-time record earnings – January 27, 2015
Man, this is fun!
My thoughts exactly!
Comment from Mr DELL please. 😜
Mr DELLA has returned money to shareholders and retired.
No Dell, you say.
Dell? Hello? Where is Dell?
Perspective…
$122.88 x 7 = $860.16
Remember the naysayers?
Wrong numbers…
124.88 x 7 = $874.16
Where are all those shorts from a year or so ago trumpeting Apple’s doom? Where’s GM (the then frequent commenter here) and all of his oh-so sophisticated and professional investor friends? Licking their wounds, perhaps? Buy and hold was such a stupid strategy according to them. We should all have sold out at $700 in September of 2012. To paraphrase Dr. Phil (whole stole it from Fritz Perls), how’s that working for you now?
Nokia is worth 28 billion? What, pesos?
Hey Mikey! Why so sullen and deafeningly quiet?
Just $10 billon a day, that’s all I ask for, Michael Dell.
How do you like dem apples?!
I saw Mike Dell delivering pizzas the other day.
A lousy 10X P/E. Apple is getting totally stiffed by Wall Street based on common metric value. It would seem to be totally obvious but certainly if Apple isn’t complaining then I suppose there’s nothing to be done about it.
That’s why Carl Icahn has been saying the stock is worth more than $200 now. I could deal with that.
If Apple returned to it’s historic P/E of 35 or so it would be at $500.