Apple shares hit new all-time intraday and closing highs

In Nasdaq trading today, shares of Apple Inc. (AAPL) rose $40.28, or 10.47%, to $425.04, a new all-time closing high. During trading today, Apple also reached a new all-time intraday high of $425.66.

Apple logoApple’s 52-week low stands at $192.58.

Today’s trading volume for AAPL shares was 91,201,476 versus Apple’s average trading volume of 34,664,412 shares. Apple’s PE Ratio currently stands at 32.24.

Apple currently has a market value of $1.842 trillion. (Saudi Aramco’s (2222.SR) market value is currently $1.934 trillion by our conversion.)

The top five U.S. publicly-traded companies, based on market value:

1. Apple (AAPL) – $1.842T
2. Amazon (AMZN) – $1.578T
3. Microsoft (MSFT) – $1.552T
4. Alphabet (GOOGL) – $1.013T
5. Facebook (FB) – $723.726B

Selected companies’ current market values:

• Berkshire Hathaway (BRKA) – $483.397B
• Walmart (WMT) – $366.539B
• Tesla (TSLA) – $266.639B
• Intel (INTC) – $202.996B
• Netflix (NFLX) – $215.603B
• Adobe (ADBE) – $213.125B
• Disney (DIS) – $211.297B
• Cisco (CSCO) – $198.870B
• IBM (IBM) – $109.523B
• SoftBank (SFTBF) – $126.179B
• Sony (SNE) – $94.373B
• Advanced Micro Devices (AMD) – $90.907B
• Spotify (SPOT) – $47.926B
• Dell (DELL) – $44.33B
• Twitter (TWTR) – $28.56B
• Nokia (NOK) – $25.654B
• Hewlett-Packard (HPQ) – $25.139B
• BlackBerry (BB) – $2.657B
• Fitbit (FIT) – $1.746B
• Sonos (SONO) – $1.743B
• RealNetworks (RNWK) – $59.265M

Apple all-time high (AAPL) via NASDAQ here.

MacDailyNews Take: Today was quite the memorable day for Apple shareholders! To the moon, Alice, indeed. Congrats, shareholders! Prost, everybody! 🍻

UPDATE 8:18pm EDT: Fixed order of the Top Five. Thanks, Johnny Appleseed!

44 Comments

  1. Apple didn’t just make a new high. This was an awesome, phenomenal, seismic event in the market. Apple increased it’s market cap by about $180B today! This at a time when the economy is contracting at a record pace.

    1. Yes, great to see AAPL riding high but the underlying economic conditions give me pause. Telecommuting and Fed injections could be creating an artificial boost, and if the proverbial does hit the fan, Apple’s luxury goods might become unaffordable for many.

      1. You mean unaffordable for many more? Because a friend just bought a new Windows laptop for $349 and Apple has nothing in THAT range 🙂 There’s a lot of folks on fixed incomes that haven’t been able to buy Apple stuff in awhile.

        1. They can’t buy it a Mac right away, but if you save up you can, and a 349 PC computer will be dead in 2 years and that person will buying it again as most cheap PC people do over and over again.

  2. I had to come back to MDN to share in the celebration. AAPL’s closing price today means, despite all the travails of this year, the stock is up 44.7% since its 2019 close of $293.65. (For all of 2019, AAPL was up 85.95%.) And look at that P/E ratio! Remember when it was in the teens? Wall Street is waking up to AAPL. It’s the 23rd all-time high of 2020. Anything can happen between now and Dec. 31, but wow! (My wife and I would have gone out to celebrate, but we want to stick around to spend that extra money.)

  3. I honestly can’t believe it. Apple has a P/E of 32+. I think the last time it was ever that high was in 2008. That was in the wonderfully new iPhone era. Now, Apple seems to be doing nearly everything right. I’ve said it before but Apple has exceeded my wildest expectations of an investment. I really got lucky by choosing to buy Apple stock starting in 2004. I wish I had put the money of all the Apple products I bought starting in 1984 into Apple stock but I knew nothing about the stock market at that time. Soon, I’ll have a good five figures of shares once the 4 for 1 split takes place. I don’t know how some analysts keep doubting Apple and are still giving price targets below the current share level.

    A couple of years back, I had my doubts about Tim Cook’s leadership when he was being called Pipeline Timmy. The stock had taken a beating and it didn’t seem as though any new products were coming out of Cupertino. I thought Apple had peaked and that it was as good as it was going to get. I was well ahead in share price gains, so I just accepted the fact. I was so, so wrong. I have never sold any shares and comfortably live off Apple dividends.

    I can’t wait until Apple Silicon Macs arrive and I’m absolutely certain they will carry Apple into a new era with a very tight ecosystem. One app that can run on four platforms is simply genius. I’m sure Apple is going to throw the rest of the computer industry into a tizzy as more companies try to jump to ARM, especially if Apple Silicon MacBooks have high processing power and extra-long battery life.

    Best of luck to all fellow Apple shareholders. It seems as though Apple will continue to shine even without Steve Jobs.

    1. actual Steve Jobs is still shinning bright! Good lives and good ideas extend beyond life on this earth. But Tim and company get huge props for keeping the flame burning bright.

    2. I know this is certainly not going to be a popular comment on Apple’s historic stock day and that’s fine.

      Tim is a great caretaker CEO. In my view, we NEED a CEO in the mimic mold of Steve Jobs to move Apple light years forward particularly on the creative front, not just the balance sheet, sorry Tim…

      1. There is some truth in this. Cook has proved a steady hand but most of Apple’s success has come from the pieces Jobs put in place. If only he was still here to see his plan come together. 😢

        1. @Johnny Appleseed appreciate the thoughtful comment.

          Yes, major tear up present day Apple for what Steve and others started and never got to see his creations absolutely RULE the tech and business world like never before!

          “Steve an adopted child by Clara and Paul Jobs, Steve Jobs named by his adoptive parents.”

          — WIKI

          “Jobs was born to Joanne Schieble (later Joanne Simpson) and Abdulfattah “John” Jandali, two University of Wisconsin graduate students. The couple gave up their unnamed son for adoption.”

          “The garage where he started Apple with Steve Wozniak has been named as a historic site.
          Located in Silicon Valley, the modest house at 2066 Crist Dr. in Los Altos, Calif., was the place where Jobs and Wozniak, along with others, churned out the very first Apple computers. Built in 1952, the 61-year-old house is not only the birthplace of Apple, but also the childhood home of Jobs.”

          — MASHABLE

          👊🏻👏🏻👍🏻😎

      2. Steve Jobs went on his final medical leave over nine years ago, in January 2011. He resigned in August. Tim Cook has been CEO ever since, and had been Acting CEO for six months in 2009. It is getting seriously bizarre to claim that Apple has been coasting on old ideas for nine years, during which time its market capitalization has grown from $400 billion to $1.8 trillion and revenue is up around 250%.

        1. Ask MDN, it’s been a slow awakening. Most of Apple’s revenue comes from incremental updates to products Jobs introduced: iPhone, iPad, Mac and services.

          1. Yes, spot on! “Incremental updates” to products Cook did not create and dutifully watched the balance sheet shoot to the moon!

            I appreciate your factual honesty responding to a person that repeatedly falsely pimps his hero on the basis of politics and not reality… 👍🏻

        2. Apple is not coasting on his ideas but make no mistake Steve job’s core philosophy and idea frame work are still leading the way. Steve Jobs was a genius and his vision is extending way past his physical life. And now we see his wisdom in choosing Tim Cook to run Apple over someone like Jonathan Ives. At the time, I thought giving “boring” Tim control of Apple was one of Steves biggest mistakes, but now I see I was wrong. If you are a great musician, it might be better to leave the care of your music with someone who has no “imagination” that they can pickup or worse “fix” the music you have created. Someone like Ives left unchecked would be more likely to toss out/alter the score and try to make his on mark. But Tim stays on script, its almost as if Steve is still in the house. Tim has been an excellent care taker of Steve’s vision and Tim has even excelled in ways that Steve would have struggled with. Tim is doing a great job of protecting Steve’s legacy while excelling at logistic management which is why Steve originally hired Tim.

          Now if Apple can phase out dependency on cheap CCP China production then they will be unstoppable. I think Apple should keep some production in China but really just enough to serve the China market. But Apple should keep their flagship technology hidden from CCP China until they “play fare” and quit the marxist plan for world domination. I want China to be better…

          But apple is smart to move important chip design in house and use TSMC to make the new silicon.

          https://azbigmedia.com/business/tsmc-brings-1600-jobs-to-arizona-with-new-12b-factory/

          The facility will utilize TSMC’s 5-nanometer technology for semiconductor wafer fabrication

          “This announcement is fantastic news for Arizona and America, and bad news for China,” Sen. Martha McSally said. “Communist China has long sought to dominate the global semiconductor supply chain, which would create an overreliance on Beijing to create semiconductor chips that power everything from 5G to sophisticated weapons systems. … enhance key manufacturing like this domestically as it impacts our national security. Today’s announcement by TSMC brings us closer to that goal. Arizona is a great place to live and work and I welcome TSMC to our amazing state.

          https://fortune.com/2020/06/22/taiwan-semiconductors-apple-contract-huawei/

          “This is good for Apple. If Apple switches to designing its own chips for MacBooks—like it has done for iPhones—then it can design a chip with better and more targeted performance than those provided by Intel,”

          Unlike Intel, which designs and manufactures its own chips, TSMC only manufactures chips. With that narrow focus, TSMC has become the world’s largest and most advanced contract manufacturer for chipsets.

          Apple has reportedly tapped TSMC to provide cutting-edge five-nanometer chips for the upcoming iPhone 12, too. Only TSMC and Samsung are capable of making 5nm chipsets, which are revolutionary for their small size. Intel will begin manufacturing less-advanced 7nm chipsets next year.

          connect the dots !! Apple lessening depencede on CCP

          1. “But Tim stays on script, its almost as if Steve is still in the house.”

            Interesting contradiction because Steve is dead. The only “script” reality involves Cook is renting the house Jobs built.

            “Tim has been an excellent care taker of Steve’s vision”

            Yes indeed, a most excellent CARETAKER CEO! ⭐️⭐️⭐️⭐️⭐️

            “Tim has even excelled in ways that Steve would have struggled with.”

            Name one!

            Whenever you are ready…

      3. I think Tim is much more than a just “a great caretaker CEO,” and I’m generally pleased with his performance. (The rise in AAPL stock price since Tim took over sure helps in that judgment.) I don’t disagree that “we NEED a CEO in the mimic mold of Steve Jobs,” but, realistically, where do you find such a person? Steve was a unicorn. He founded the company and imprinted his DNA into it and stormed the market, the industry, and the world by the force of his personality. He surrounded himself with smart people (and alienated more than a few) and made his dent in the universe. Even if someone with those same qualities appeared on the scene, it’s nigh impossible that he would ever be considered for the leadership of (currently) the world’s second most valuable company. Steve was a rebel. Steve loved rebels. Rebels start their own companies, they don’t run other people’s companies. Steve started Apple University to train the next generation of Apple leaders — to try to infuse as much of that “crazy ones” type of thinking into the company as possible. Tim’s a great guy, but he’s not one of the crazies. He should milk the iPhone for all it’s worth and move on to the next insanely great thing. But it’s unlikely, even if that’s what he’s doing (and I suspect he is), that he would ever say that in public.

        1. “I think Tim is much more than a just “a great caretaker CEO,”

          In what way, specifically?

          Agree he is a good person, but he has removed valuable features while raising prices to please the board, not the customers.

          “I don’t disagree that “we NEED a CEO in the mimic mold of Steve Jobs,” but, realistically, where do you find such a person?”

          Scott Forstall road kill carnage of the insecure Cook reign he and Ive forced out…

  4. Connect the dots …

    CCP China wants to invade Taiwan and take world class tech by force. Trump stands with Taiwan demands TSMC stop business with Huawei and CCP china. TSMC makes advance chips for F35. And China wants that tech… TSMC says if we loose business from china we will loose so much money. Trump talks with Tim. Now apple exclusive new Chips for Apple silicon from TSMC. starts a new factory in USA. CCP finds door locked and pissed. So CPP threatens to invade Taiwan. Trump sends 2 aircraft carrier groups to south china sea …

    https://www.thedrive.com/the-war-zone/27106/trump-admin-will-reportedly-approve-sale-of-new-f-16s-to-taiwan-and-china-will-absolutely-freak

    https://www.cnbc.com/video/2019/11/20/trump-visits-tim-cook-at-apple-mac-pro-plant-in-texas.html

    https://www.cnbc.com/2019/10/05/tim-cook-donald-trump.html

    https://www.businessinsider.com/tim-cook-trump-administration-helped-apple-break-the-indian-market-2020-3

    https://www.businessinsider.com/tim-cook-trump-administration-helped-apple-break-the-indian-market-2020-3

    https://www.businessinsider.com/tim-cook-trump-administration-helped-apple-break-the-indian-market-2020-3

        1. This probably going to shock my old sparring partner GoeB, but I agree with his comments on keeping China at arm’s length technologically. It’s a regime that simply can’t be trusted.

          1. But I hasten to add that my agreement on this point does not translate into my “supporting President Trump doing the right thing.” It’s only a matter of time (or money) until Trump flip-flops on the issue. If China let Trump build a hotel in Beijing, Trump would open the floodgates to Chinese tech.

            1. Old partner, good to hear from you. I don’t think for a nano-second President Trump would build a hotel in China. The Don is tightening tariffs and putting more pressure on China than any president in history. After the brutal lockdown in Hong Kong, I don’t hear the Tibetan activists chanting all Chinese lives matter…

          1. You just described the Democrat Party. If President Trump were in it for himself, why has he declined a yearly salary for four years approaching two million dollars?…

            1. I already did. The answers are in the Forbes article I already linked, and which you obviously did not read,

              To this point in their respective terms, Obama had played 78 rounds of golf; Trump has played 193. Because Obama mostly golfed on day trips from the White House, except for summer vacations in Hawaii where he grew up, the cost of the Trump trips is three times higher than Obama’s to this point in his first term. To put that in perspective, the Trump golf budget has exceeded his salary by almost 400 times and has been twice the annual budget for the Peace Corps.

              Another difference is that Obama did not pocket any part of his golf expenditures. 190 out of 193 Trump trips have been to Trump-owned properties. Each of the 24 trips to Mar a Lago has resulted in a minimum of $20,000 in US payments to Trump Enterprises. That does not certain other government payments, private expenditures by the captive audience of government employees and press, or the value of the publicity. The expense of the trips to Bedminster and the other properties in the US and Scotland has been at least comparable.

              I hope that answers your question.

            1. Please post the link on how many golf trips President Obama took at taxpayer expense while accepting a salary of close to FOUR MILLION DOLLARS while President Trump declined a yearly salary.

              Whenever you are ready FAKE Conservative..,

  5. Me: (100% AAPL in investment portfolio since 2002)

    Financial Planner(s): You have to diversify!!

    Me: show me a better, safer investment.

    Financial Planner(s):

    1. Ha ha! That’s my story, too! (Though I started a few years earlier.) For everyone who got in back then and held on, that’s an average return (not counting dividends) in the neighborhood of 30% per year, as of Apple’s new all-time at the end of July.

    2. This is funny. I’ve had 100% AAPL since probably 2000 and added more in 2008. 5-6 years ago this TD Ameritrade advisor calls me and starts the “diversify” talk. I told him I picked a broker based on not needing my hand held trading.

      Fast forward to Thursday afternoon, I got a call from an advisor. He wanted to know if there’s anything they could do to help me. He noticed I was “all in” on AAPL. That they were taught about diversifying but it seems that my choice was a little better. “Congratulations”.

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