In Nasdaq trading today, shares of Apple Inc. (AAPL) rose $24.38, or 5.15%, to $497.48, a new all-time closing high. During trading today, Apple also reached a new all-time intraday high of $499.47.
Apple’s 52-week low stands at $201.00.
Today’s trading volume for AAPL shares was 81,892,259 versus Apple’s average trading volume of 36,780,934 shares. Apple’s PE Ratio currently stands at 37.73.
Apple currently has a market value of $2.127 trillion, making it the world’s most valuable company.
The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – $2.127T
2. Amazon (AMZN) – $1.645T
3. Microsoft (MSFT) – $1.612T
4. Alphabet (GOOGL) – $1.073T
5. Facebook (FB) – $760.663B
Selected companies’ current market values:
• Berkshire Hathaway (BRKA) – $513.470B
• Tesla (TSLA) – $382.038B
• Walmart (WMT) – $372.826B
• Disney (DIS) – $230.346B
• Adobe (ADBE) – $226.987B
• Netflix (NFLX) – $217.116B
• Intel (INTC) – $209.588B
• Cisco (CSCO) – $178.392B
• SoftBank (SFTBF) – $109.447B
• IBM (IBM) – $109.710B
• Advanced Micro Devices (AMD) – $98.398B
• Sony (SNE) – $96.899B
• Spotify (SPOT) – $50.766B
• Dell (DELL) – $44.790B
• Twitter (TWTR) – $31.057B
• Nokia (NOK) – $27.749B
• Hewlett-Packard (HPQ) – $26.068B
• BlackBerry (BB) – $2.643B
• Fitbit (FIT) – $1.710B
• Sonos (SONO) – $1.524B
• RealNetworks (RNWK) – $48.986M
Apple all-time high (AAPL) via NASDAQ here.
MacDailyNews Take: Apple has gained some $127 billion in value in one day. IBM, established 109 years ago, is worth $110 billion.
Baby’s gonna get a brand new pair of shoes!!
I retired again today.
Thanks for the laugh. Yeah baby!
[This never gets stale]. October 6, 1997: Michael Dell makes an infamously bleak appraisal of Apple’s fortunes. Asked what he would do with the struggling company, the founder of Dell Inc. says he would “shut it down and give the money back to the shareholders.”
Has anybody seen Monkey Boy ?
There is something historically satisfying about the idea of Apple buying IBM. What would Apple get out of the deal though? They still make PowerPC chips, right? Is that any use? Maybe Apple would be taken more seriously in business, but they would have to abandon some of the silly obsessions in their product line for that to work. Nobody needs their cash register to be a millimeter thinner /w brushed aluminum.
Ha! I see what you did there!
For some reason, MDN won’t let me post a factual multi-paragraph historical perspective on Apple’s rise from its first day of trading to today (119,529.0%), even when I try to break it into smaller chunks, instead consigning it to “Your comment is awaiting moderation” purgatory. Another longstanding and popular Mac news website accepted it immediately, so what’s going on here?
Simply amazing share gains by Apple. Each day brings surprises I never thought would happen. Today, for the first time, Apple’s P/E surpassed Microsoft’s P/E. Only by a small amount, but still… Wall Street has this love of The Cloud and any company that has cloud computing is like having the Holy Grail. Unlimited growth potential they say and the company gets a free pass. A half-a-dozen companies competing for the cloud market and they all get upgraded for unlimited growth potential. It’s just a given that all companies will do equally well.
Anyway, it was quite surprising to see Apple get a fitting P/E for the potential it has with Services on such a huge customer base. Thank you, Tim Cook and crew.
Holy smokes. Tesla passed Walmart in market cap value. That’s just crazy. Are consumers really buying that many Teslas? The SuperCharger station in my neighborhood is never full. I think there are about 16 spots and usually only half are being used, but maybe most people charge them at home. I really missed big on not owning Tesla when I had the chance.
Tesla not profitable and the Koreans and Germans are coming on.
To think, mere weeks ago I was wondering if AAPL could make $400. Apple is obviously way more deserving than Tesla, but it all reeks of irrational exuberance for tech. Hope it doesn’t come crashing down with a thud.
Fundamentals don’t support the insane valuations.
After the wave of small business bankruptcies really crashes on the shoals, banks and billionaires will yank back their cash from Tesla and Tech to buy up all the real assets they can snatch.
(Correction: I selfishly do hope it comes crashing down so I can finally get on board after passing up too many opportunities in the past!)
You’re fooling yourself. Buy what you can now and get onboard instead of wishing you woulda coulda shoulda. When the day comes that the stock price dips, you can buy in again and then watch it all go up again. Always waiting for a bargain means you’ll never realize normal gains.
It’s always pissed me off that aapl would trade at a P/E of mid-teens though out all the years they would set records. People now “it’s overvalued”. I’m sorry, with the balance sheet Apple has, 35x isn’t that high. If anything, Apple should trade at a premium compared to its peers.
Anyway, I keep thinking about the number of shares I will have post split and what the value will be as we march to $200.
The day short term trader doesn’t like dividends or spits just buybacks.
Being long Apple with splits over time will make you rich.
The 2 to 1, 7 to 1 and 4 to 1 splits have share, wise put me into the stratosphere, that and being long.
The introduction of Apple Silicon is huge when combined with the latest split.
Yeah, Apple silicon is going to be big. I keep hoping the car (titan project) comes online for another revenue stream.
I am aware of three economies in the US: The Wall St. economy where Apple presides, the Main St. economy where my hardware store struggles, and the River Bottom economy where the bottle and can collector endures.
As the first goes upward and it and its participants are admired and considered virtuous, the second stagnates and it and its participants are disrespected, while the third goes downward and it and its participants are demeaned. The members of my extended family participate in all three, willingly or not.
There is something terribly wrong when there is an unreasonably high level of disparity — economic, political, medical, transportation, and access –– between the 1st and the 3rd. The disparity is growing.
To wit, I see more homeless encampments along the paved river trails on which I ride my pricy carbon bicycle every other day for approx. 25 miles. These miles allow me to examine the encampments: They are growing in size; are combining into bona fide communities; developing their own infrastructure: One main path runs through the community with smaller, less used paths shooting off to tents or trailers.
Some encampments are fortified into domains with gates, barricades, or surrounded by Medieval-style berms constructed with objects that you and I discard: cracked plastic buckets and toys, warped cardboard boxes, fallen tree limbs, gutted computers, piles of soil and leaves, decrepit living room furniture. There are “DO NOT TRESPASS and STAY OUT signs and guarded by barking dogs and fully tattooed and emotionally broken local dukes who emerge to challenge visitors.
What looks like a two story structure rests on wood pallets on which the first story is built upon with 2” x 8’ tree stakes or found or stolen 2x4s, corrugated roof metal, pieces of discolored plywood, various weathered boards, and bamboo window blinds whose strings are broken for walls. The second story is smaller whose roof consists of a huge blue tarp — a ubiquitous material used for covering along the river bottom — attached along a taut fiber or metal rope that is stretched and supported by tightened fiber or metal rope anchored to four or five dominant trees.
The “driveways” are parked with bicycles some with trailers attached, motorized vehicles such as cars, 4-wheel off-roaders, or motorized bikes. There is an occasional RV, pickup, or car.
Within the past year, four unsheltered folks took up residence inside cubbyholes in the crotch of a street overpass. It provides perfect protection from rain, wind, and sun. Rumor has it that friction between the neighbors had one set fire to the adjacent residence. The local fire department put out the fire, showing the need for city services. The Flood Control Department sealed the compartments with plywood.
What I witness during the miles that I ride are a continual reminder that the inherent structure and operation of extreme market forces create, perpetuate, and increase these villages of desperati.
Yep, and this reality of what you’re picturing seems to be increasing in various/numerous cities. It’s a hot button topic in my Texas city.
It seems like we agree the Fed’s creation of market cycles has an undesired effect of increasing the chasm. Up until the covid induced crash and the Fed’s response of hyper infusions, I frankly never thought this was the case.
Side note; if you’ve not seen, there’s an incredible piece on youtube by Seattle’s news group/KOMO, about their encampments. It was made over a yr ago, but elucidates a number of characteristics of the “problem” of which I was not aware. The word “homeless” being a misnomer, was one. 100% of the people on their streets were defined as chemically addicted…to some degree and to some substance. Surprisingly, mental illness was given an estimate of 50%. Law enforcement is another misnomer…but I won’t detail here.
“Seattle’s Dying,” is the title of the expose. Long, but worth the time.
Yes, the artificially manufactured disparity is on purpose and is nationwide. A more appropriate title could have been something like, “Market Forces are Dismantling Seattle.”
KOMO is owned by the right-wing Sinclair Broadcast Group and that “expose” is a disgrace. It demonizes the homeless but does nothing to explain the reasons behind the problem (John Dingler’s post above did a better job) or what steps are being taken or could be taken to address it. It’s not an “expose,” it’s a hit piece, and its target is not the problem of homelessness but individual homeless people themselves. It’s disgusting.
Humans need to demonize so you don’t have to care, the actual unemployment rate hasn’t been less than 20% ever in modern America.
The gig economy isn’t a good economy, nor is the right to work anti union themes, if you have kids the clock starts ticking in junior high school and by 18 they had better have a plan on what they going to do how they are going to do it, the best class I ever took was a personal finance class in junior college it helped me be open to investing.
It’s hard to believe you actually watched the KOMO expose.
The entire expose was focused on the “reasons” (drug abuse dominates) and “solution” (treating for drug abuse). Some were actual people freed–yes freed–from the bondage they lived under, while on the streets. Forgive me as I assume that these people weren’t hypnotized by the diabolical new entity and forced to speak according to KOMO’s radical right paradigm. Some of the ex-homeless/drug addicted spoke while incarcerated & post incarceration…thankful for their arrest as they envisioned death would have been their lot, had it not occurred. Yes, I know…anecdotal(s), but there’s not a sliver of “hit-piece” in their words.
Yes, part of the solution was enforcing the law (bad cops being mean to homeless?) and this was part of the process focused on the drug abuse solution. The enforcement of the law assists those abusing drugs and it assists those that are experiencing physical harm and property damage as a result of the encampments. Drug abuse is noted as the most significant component of the problem…causing people to remain on the streets and to law break to maintain their habit. The MAP program was clearly highlighted as a solution and had a <10%% recidivism drug abuse rate. How anyone could watch the expose and not see the laudable solution is nothing but befuddling.
I tried to imagine how one could actually perceive it as a “hit-piece” on the homeless. The only example was a section where a man was interviewed (willingly) and he spoke of defying the system (legal). It appeared he came to this conclusion because of his frequent arrest/release #’s. He was latter videoed destroying public/private property and resisting arrest. Per my perspective, it wasn’t ridiculing the person, but I’ll acknowledge I’d be embarrassed if I was shown in a public trash receptacle resisting arrest after committing felonious property damage. Maybe that was the “hit” in the piece?
Your opinion begs the question(s), should the behavior of one sector of society be allowed to infringe on the safety and well-being of another? Should one person be allowed to break laws that another person needs to abide? Is the concern of one experiencing property loss/damage, or physical harm not justified, even as a result of another’s sub-optimal situation, or faulty (drug induced) decision making? Is an act of violence, or destruction committed by one, having less, upon one having more, justified? Are the people living in the encampments below the expectations of some level of excellence, or have they reached their life’s highest order, in your mind?
Btw, It’s very telling when someone says an article, opinion, statement is automatically wrong because of where the source resides on the political spectrum. Besides a well-worn presumptive practice, it’s just simply a lazy way to attempt to make a point. It’s fueled by the type of prejudicial bias you claim that’s driving KOMO’s report.
Ronner, with all due respect to your thoughtful reply to my comment about your recommendation of “Seattle’s Dying” (no sensationalism in that carefully chosen title), the comments section of MDN is just not the place to discuss this complex issue (especially not in this thread). If, after reading your comments and mine, someone wishes to watch the piece, that’s fine. Please allow me, however, to clarify that my dislike for Sinclair is not because of “where the source resides on the political spectrum.” (And maybe I should have phrased my characterization in my first comment differently.) It’s that Sinclair is not an honest broker of news. It has a very clear right-wing agenda that it pushes (not a sin in itself), but it twists its coverage to conform to its agenda. It does not follow the facts to arrive at a conclusion. It arrives at a conclusion and seeks out and cherry-picks facts to support it’s foregone conclusion. The New Yorker did a long and detailed piece on Sinclair’s operations a couple of years ago, and I’m sorry I don’t have a link handy to share, but I’m sure you can find it if you want to. So, yes, absolutely, you must consider the source. When it comes to covering the news, there are good guys, not-so-good guys, and bad guys. Sinclair is one of the bad guys.
In the noughties I invested 15K in AAPL. Now it is worth 908K. Un-frigging believable. Thank you Apple and Mr. Cook for making my retirement fund a lot more healthy.
Yes, congratulations. I hope you hit $1M real soon. (Then you’ll be my friend, right?) Seriously, congratulations.
Congratulations, I’m politely working on my design department to think of saving and investing a little most won’t however, but I’m still working on it.
Market must have gotten a boost from the Dem Convention.
At times like this we might spare a thought for the financial genius Carl Icahn, who in April 2016 sold more than 45 million shares of Apple when they were priced at just under $105.
OK, I’ve thought about him and am still laughing, maybe you are too.
Carl Icahn is a very rich day trader he doesn’t care about the companies he trades in, just the short term profit he can make from them. A bigger house flipper.
The Carl is very much like the people who ran (owned) Commodore (Amiga) many years ago.