Register FAQ / Rules Forum Spy Search Today's Posts Mark Forums Read
Go Back   MacRumors Forums > News and Article Discussion > MacRumors.com News Discussion

Reply
 
Thread Tools Search this Thread Display Modes
Old May 5, 2014, 04:13 PM   #1
MacRumors
macrumors bot
 
Join Date: Apr 2001
Apple's Stock Price Breaches $600 for First Time in 18 Months




Apple's share price has closed above the $600 mark for the first time since October 2012, some 18 months ago. It illustrate a significant recovery for Apple's stock, which hit a low of $388/share in late June 2013.

The price is mostly psychological, made even more so by the fact that Apple will split its stock by a 7/1 ratio next month, dropping the price down to roughly $85 per share at current prices. The stock split is meant to allow more investors the opportunity to invest in the company.

Apple's market capitalization is roughly $518 billion, well ahead of Exxon Mobil's $444 billion. Apple is the most valuable publicly traded company in the world. The company's all time high share price is $702.10, originally hit in September 2012.

Article Link: Apple's Stock Price Breaches $600 for First Time in 18 Months
MacRumors is offline   0 Reply With Quote
Old May 5, 2014, 04:15 PM   #2
iLoveiTunes
macrumors regular
 
Join Date: Feb 2011
YaY.....Look forward to further upside before the split.
iLoveiTunes is offline   0 Reply With Quote
Old May 5, 2014, 04:15 PM   #3
JayCee842
macrumors 6502a
 
JayCee842's Avatar
 
Join Date: Jan 2013
Ughh! Stupid school books, I could have bought some stock instead!!
JayCee842 is offline   7 Reply With Quote
Old May 5, 2014, 04:15 PM   #4
Z400Racer37
macrumors 6502
 
Join Date: Feb 2011
FINALLY I'm making money again.. Gahh lol.
Z400Racer37 is offline   2 Reply With Quote
Old May 5, 2014, 04:17 PM   #5
SusanK
macrumors 6502a
 
Join Date: Oct 2012
I like this rumor
__________________
If you keep your eye on the profit, you’re going to skimp on the product. But if you focus on making really great products, then the profits will follow.

-Steve Jobs
SusanK is offline   4 Reply With Quote
Old May 5, 2014, 04:17 PM   #6
thasan
macrumors 6502a
 
Join Date: Oct 2007
Location: uk
Quote:
Originally Posted by Z400Racer37 View Post
FINALLY I'm making money again.. Gahh lol.
finally, I'm getting rid of the "negative sign" in my book
thasan is offline   3 Reply With Quote
Old May 5, 2014, 04:18 PM   #7
LostSoul80
macrumors 68000
 
LostSoul80's Avatar
 
Join Date: Jan 2009
Finally a news article that isn't about mockups.

Although... Can we have more mockups? Please?
__________________
Automatic Fans: UltraFan
LostSoul80 is offline   1 Reply With Quote
Old May 5, 2014, 04:20 PM   #8
Z400Racer37
macrumors 6502
 
Join Date: Feb 2011
Quote:
Originally Posted by thasan View Post
finally, I'm getting rid of the "negative sign" in my book
Tell me about it lol.
Z400Racer37 is offline   0 Reply With Quote
Old May 5, 2014, 04:20 PM   #9
DanielDD
macrumors member
 
Join Date: Apr 2013
I'm looking forward to see Apple at 385$ a share again. After the split
DanielDD is offline   6 Reply With Quote
Old May 5, 2014, 04:21 PM   #10
Donoban
macrumors 6502
 
Join Date: Sep 2013
Yeah baby! Show me the money.
Donoban is offline   1 Reply With Quote
Old May 5, 2014, 04:22 PM   #11
Traverse
macrumors 65816
 
Traverse's Avatar
 
Join Date: Mar 2013
Location: My Own World
And will bottom to $350 after Apple announces record profits that fall short of Wall streets' unrealistic trillion dollar iPhone 6 estimates.
Traverse is online now   8 Reply With Quote
Old May 5, 2014, 04:23 PM   #12
Alumeenium
macrumors regular
 
Join Date: May 2013
incremental updates, don't raise the share price

lets have a stock split instead to get more mom and pop investors

Ichan was really pushing Cook for this

I find Apple's lack of product innovation disturbing
Alumeenium is offline   3 Reply With Quote
Old May 5, 2014, 04:28 PM   #13
Rogifan
macrumors G3
 
Rogifan's Avatar
 
Join Date: Nov 2011
Is there anything more to this than just rotation? Apple is up about 7% YTD, Google is down around 5% and Amazon is down over 20%.

----------

Quote:
Originally Posted by Alumeenium View Post
incremental updates, don't raise the share price

lets have a stock split instead to get more mom and pop investors

Ichan was really pushing Cook for this

I find Apple's lack of product innovation disturbing
What did you do between 2001 and 2007?
__________________
"I have a very optimistic view of individuals. As individuals, people are inherently good. I have a somewhat more pessimistic view of people in groups." -- Steve Jobs , Wired interview
Rogifan is offline   4 Reply With Quote
Old May 5, 2014, 04:32 PM   #14
IJ Reilly
macrumors P6
 
IJ Reilly's Avatar
 
Join Date: Jul 2002
Location: Palookaville
Quote:
Originally Posted by MacRumors View Post
The price is mostly psychological,
Oh, my brain hurts.
__________________
*The season starts too early and finishes too late and there are too many games in between.
Bill Veeck
IJ Reilly is offline   0 Reply With Quote
Old May 5, 2014, 04:33 PM   #15
MellowFuzz
macrumors regular
 
Join Date: Sep 2013
Expect it to fall again if WWDC keynote ends with no new product categories.
MellowFuzz is offline   1 Reply With Quote
Old May 5, 2014, 04:35 PM   #16
IJ Reilly
macrumors P6
 
IJ Reilly's Avatar
 
Join Date: Jul 2002
Location: Palookaville
Quote:
Originally Posted by MacRumors View Post
The company's all time high share price is $702.10, originally hit in September 2012.
Ow. Ow. Ow. You can stop now. Please?
__________________
*The season starts too early and finishes too late and there are too many games in between.
Bill Veeck
IJ Reilly is offline   0 Reply With Quote
Old May 5, 2014, 04:35 PM   #17
Crosscreek
macrumors 6502a
 
Join Date: Nov 2013
Location: Margarittaville
Better pray for the second coming of Jobs.
Crosscreek is offline   1 Reply With Quote
Old May 5, 2014, 04:39 PM   #18
ronwasserman
macrumors regular
 
Join Date: Mar 2008
Location: Los Angeles
 
Quote:
Originally Posted by iLoveiTunes View Post
YaY.....Look forward to further upside before the split.
Yes! It'll be very strong.
ronwasserman is offline   1 Reply With Quote
Old May 5, 2014, 04:45 PM   #19
IJ Reilly
macrumors P6
 
IJ Reilly's Avatar
 
Join Date: Jul 2002
Location: Palookaville
Quote:
Originally Posted by ronwasserman View Post
Yes! It'll be very strong.
Your guarantee, or our money back?
__________________
*The season starts too early and finishes too late and there are too many games in between.
Bill Veeck
IJ Reilly is offline   0 Reply With Quote
Old May 5, 2014, 04:47 PM   #20
HenryDJP
macrumors 68020
 
Join Date: Nov 2012
Location: United States
Quote:
Originally Posted by iLoveiTunes View Post
YaY.....Look forward to further upside before the split.
It won't do anyone any good but the ones who already have Apple stock, and even for those who have it your hopes won't help them much either. The idea of the split is to make the stock more affordable for more casual investors to purchase. At $600 it's already about $86/share if the split were to happen today. There's still another month or so before the split. If the stock price rises too high then smaller investors won't buy after the split leaving the existing Apple shareholders with a very slow climb. They/you won't lose money but you won't gain much/any either.
HenryDJP is offline   0 Reply With Quote
Old May 5, 2014, 04:49 PM   #21
TallManNY
macrumors 68000
 
TallManNY's Avatar
 
Join Date: Nov 2007
Nice

I noticed this earlier today. It is a nice round number to hit. Doesn't seem over priced at all. I'm looking forward to that dividend in a few days as well. It is just a bit, but it has a greater psychological effect on me than stock price gains. It is irrational, I know, but I like making gains through reinvested dividends. Because then I own "more".
__________________
Mid-2011 3.1GHz i5 iMac (6970m); Late-2007 Macbook; HP Spectre (Win 8.1)
BBRY Q10; iPhone 5; iPad Mini-R
Apple Stockholder (a nice dividend, stock buybacks and cutting edge innovation? yes please!)
TallManNY is offline   0 Reply With Quote
Old May 5, 2014, 04:50 PM   #22
mono1980
macrumors 6502
 
Join Date: Feb 2005
Location: Lansing, MI
I can't wait for WWDC so it can plummet again.
mono1980 is offline   2 Reply With Quote
Old May 5, 2014, 04:52 PM   #23
pedromcm.pm
macrumors 6502
 
Join Date: Mar 2014
Location: Porto, Portugal
Quote:
Originally Posted by Alumeenium View Post
incremental updates, don't raise the share price

lets have a stock split instead to get more mom and pop investors

Ichan was really pushing Cook for this

I find Apple's lack of product innovation disturbing
I wonder... Clearly having the best laptops, workstations, tablets, competitive pro software, amazing consumer software and investing more than everybody on infrastructure (that was lacking, I admit), not to mention entering and dominating new spaces like SoC design and innovative futurist features like a perfectly functional fingerprint scanner isn't enough.

Now, if only Apple had the most successful phone in the world...

Thank God Samsung is thriving with those YoY declines in profits, just like everybody else.

But I agree with you. Apple is getting their MOJO back, a new industry will be disrupted BUT:

With their talent and resources, they could be way more aggressive. I would love if Apple was a LITTLE more like some competitors. Some industries are really bad, they need Apple to reignite innovation (TV, Cars, content and Global distribution, invest in renewable energy to the point where you can sell and profit from it, etc).

However, that won't provide as much fun as Apple releasing a search engine to punch Google in the face.

Sorry for the long post. Can't wait for the split.
pedromcm.pm is offline   0 Reply With Quote
Old May 5, 2014, 04:55 PM   #24
dannyyankou
macrumors 68000
 
Join Date: Mar 2012
Yay AAPL!
dannyyankou is online now   1 Reply With Quote
Old May 5, 2014, 04:57 PM   #25
IJ Reilly
macrumors P6
 
IJ Reilly's Avatar
 
Join Date: Jul 2002
Location: Palookaville
Quote:
Originally Posted by HenryDJP View Post
It won't do anyone any good but the ones who already have Apple stock, and even for those who have it your hopes won't help them much either. The idea of the split is to make the stock more affordable for more casual investors to purchase. At $600 it's already about $86/share if the split were to happen today. There's still another month or so before the split. If the stock price rises too high then smaller investors won't buy after the split leaving the existing Apple shareholders with a very slow climb. They/you won't lose money but you won't gain much/any either.
The impact of a split is so small that you couldn't measure it with a micrometer.
__________________
*The season starts too early and finishes too late and there are too many games in between.
Bill Veeck
IJ Reilly is offline   0 Reply With Quote

Reply
MacRumors Forums > News and Article Discussion > MacRumors.com News Discussion

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Similar Threads
thread Thread Starter Forum Replies Last Post
Apple Stock Price Hits Lowest Levels Since 2011, Falls Below $400 MacRumors MacRumors.com News Discussion 573 May 2, 2013 01:35 PM
Apple's Stock Price Breaks Through $700, Sets New All-Time Records for Price and Market Cap MacRumors MacRumors.com News Discussion 318 Mar 12, 2013 05:10 PM
Sold Out in 1 Hr, Lol, Guess Apple's Stock Stock Price Tomorrow. Jazwire iPhone 1 Sep 14, 2012 03:26 AM
Apple Stock Price Marks All-Time Closing High Ahead of New iPhone Rollout MacRumors MacRumors.com News Discussion 184 Aug 22, 2012 03:26 PM

Forum Jump

All times are GMT -5. The time now is 08:07 PM.

Mac Rumors | Mac | iPhone | iPhone Game Reviews | iPhone Apps

Mobile Version | Fixed | Fluid | Fluid HD
Copyright 2002-2013, MacRumors.com, LLC