Apple shares hit new all-time closing high

Today in Nasdaq trading, shares of Apple Inc. (AAPL) rose $1.17, or 0.89%, to hit a new all-time closing high of $133.29. Apple’s previous all-time closing high was $133.00 set on February 23, 2015.

 
AAPL’s all-time intraday high stands at $134.54, set on April 28, 2015.

 
Apple’s 52-week low stands at $89.47.

 
Apple, the world’s most valuable company, currently has a market value of $699.31 billion.

 
The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – $699.31B
2. Alphabet (GOOG) – $572.913B
3. Microsoft (MSFT) – $500.13B
4. Berkshire Hathaway (BRK-A) – $409.35B
3. Amazon.com (AMZN) – $399.02B

Selected companies’ current market values:
• Facebook (FB) – $387.4B
• Walmart (WMT) – $208.27B
• Disney (DIS) – $173.38B
• IBM (IBM) – $170.55B
• Intel (INTC) – $169.66B
• Cisco (CSCO) – $160.48B
• Taiwan Semiconductor (TSM) – $155.39B
• SoftBank (SFTBF) – $85.20B
• Adobe (ADBE) – $58.13B
• Tesla (TSLA) – $45.14B
• Yahoo! (YHOO) – $43.37B
• Sony (SNE) – $39.11B
• Hewlett-Packard (HPQ) – $27.36B
• Sirius XM (SIRI) – $22.44B
• Advanced Micro Devices (AMD) – $12.5B
• Twitter (TWTR) – $11.22B
• BlackBerry (BBRY) – $3.90B
• Pandora (P) – $3.05B
• RealNetworks (RNWK) – $181.52M

AAPL quote via NASDAQ here.

MacDailyNews Take: Whew! It’s been a while, but AAPL made it!

SEE ALSO:
Apple smashes Street; iPhone, Services, Mac and Apple Watch set all-time records – January 31, 2017
Dow hits record milestone of 20,000 on high hopes for Trump administration – January 25, 2017
International Monetary Fund boosts growth forecast for US, citing President-elect Donald Trump’s policies – January 17, 2017
Boosted by Trump rally and Apple, Wall Street parties like it’s 19,999 – January 6, 2017
Wall Street indexes hit record highs as Trump rally continues – December 8, 2016

35 Comments

        1. Typical Fwhatever…giving GOP leadership credit for anything positive and ignoring the negative. Also typical, focusing on the short term and ignoring the fact that it might just be the continuation of a longer term trend. In addition, if the trend above reverses itself over the next few months then you will either never hear about it from Fwhatever, or he will conjure a reason to blame it on “libtards.”

          You are a pox on this forum and this country, Fwhatever.

        2. First doofus, here’s what you said the other day about Cook: “What Cook really fears is that the loss of leftist control over the “news” is “killing people’s minds” to being receptive to the lie that is statist globalism.”
          Now you’re crowing about the stock price – oh, I’m sorry, Trumpf, so-called President, is managing Apple and is the reason they have $200billion+ in cash on their balance sheet. Trumpf has guided the growth in Apple services revenue. Trumpf has managed Apple supply lines and was Jobs’ third hire in 1997 and the person Jobs handed the company to. You are a total effing idiot drone.

    1. And when the market tanks with Republicans all around it will somehow be the “Libs/Dems/Progs” fault in ConservaTard World.

      The natives (Trump Voters) are already getting restless. Jason Chaffetz in Deep Red Utah was already hounded by voters with the chant “Do Your Job. This in the state that threw out the 2nd most Conservative Senator (by voting record) couple of years back because he wasn’t a “True Conservative”.

      When Eddie Munster (Paul Ryan) throws between 20-30 million people off of their health insurance it is going to be open season on Republicans at the polls. Drumpf will be a one term wonder.

  1. Marketcap isn’t as high as it was back then though (still about $50B+ below) due to all the stock repurchases since. Need another 7% or so till they reach parity value.

    1. Market cap is market cap. Repurchases do absolutely nothing to change that. There’s one pie, and it’s market cap is $699B. Shares are just slices of that pie. It does not matter how many there are.

      Conversely, the market cap is what it is *after* all those dividend payouts. So in that sense the cap would be otherwise be that much higher now.

      1. They are not unrelated. Marketcap is literally (stock price * shares outstanding). Stock repurchases ‘retire’ outstanding shares and would normally increase the price of the remaining shares. How do you explain then how the price is at an all time high but the marketcap is at least $50B lower than in Aug.2015? You are correct that dividend payouts reduce marketcap, but if you notice the price of shares are usually reduced by that amount post-dividend.

        Here’s a link for your edification (see Calculating Market Cap):
        http://www.investopedia.com/articles/basics/03/031703.asp

        1. You are right. I made the foolish assumption that they had reached a market cap high, not just a share price number, which as you point out isn’t a particularly meaningful metric. Reading it again it seems obvious now 🙂

  2. So how come when Apple displeases you armchair quarterbacks, you blame Tim Cook, but give him no credit for twice bringing AAPL to these lofty heights? I’m surprised Steve Jobs appointed him instead of you. I’m sure he would have rebelled in you bashing his hand picked successor. Read Dilger’s article today on why Apple doesn’t listen to Tech Pundits business advice, and triple that for you arrogant know it also. Me, I’ll stick with Tim and buy great products that Apple does make and laugh all the way to the bank with AAPL!

    1. I’m still disappointed with Apple and Tim Cook.

      First, while in absolute dollars the closing stock price was at it’s highest ever, just adjusting for inflation and nothing else it’s still lower than its historical high. When you add in the overall market value indicators (S&P, DowJones, NASDAQ, etc.) and where they are today versus where they were then as compared to where APPL is today versus where it was then, then APPL is definitely not looking so great.

      Second, while I and most long term APPL holders are happy to see APPL back up, this focus on Wall Street and pleasing the banks is one of the things I dislike most about Apple and its current management. Apple’s focus needs to be on making the best products and services ever and make those better for their customers than anyone else does. The recent fiasco with dropping Apple displays and going with LG only to find out that the LG displays have major problems is but one of many, many areas where Apple has lost its product focus.

      Unfortunately, Apple is more about making a “great company” and raising the stock price than about making great products and providing the absolute best experience for its customers and users. Apple needs to realign its priorities. Apple needs to take the bean counters and marketers down a notch or two and raise the product developers up several notches.

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