Apple's Stock Price Breaks Through $700, Sets New All-Time Records for Price and Market Cap

[nick_elt]

Share a thought for Ronald Wayne, the co-founder who sold his share back to jobs and woz for...........$800!!!!! Ouch!

[gatortpk]

Originally Posted by chriscrk

Remember when the iPhone 5 was going to be a failure?

Interesting how we all think the iPhone 5 is a success (and it is), but no one (in the general public) actually has one. I own one, but I still won't see it till Friday.

[Greg.]

Originally Posted by cameronjpu

You might want to check that first number again.

I just took the average (the middle value of the three models on the Apple website). Just a back of the envelope calculation, brah.

[Apple Corps]

[QUOTE=radcliff;15737101]This would all be great except for one small detail in the article:
Apple is NOT the most valuable company in the world. It's on second place...

It is, as the article clearly states, the most valuable publicly traded company

[patent10021]

Originally Posted by cvaldes

Barring some world catastrophe, AAPL isn't going to shed a third of its value.

Interesting that you bring that up. I'll give you 2 possibilities that have essentially already started.

Reactor 4
WWIII

[Prallethrin]

Originally Posted by Rogifan

Is Google's stock price nuts too? Their stock price is higher than Apple's. And Amazon's PE is over 300. I'd say Amazin is more nuts than Apple.

I don't know man. The stocks just keeps going up and up for "no reason" - not very significant reasons to justify the jumps IMHO.

That said, I know crap about stocks - I only know that the stock price of a company depends on what people thinks it's worth. This is just my layman view of things. Maybe this is how stocks work. /shrug

I like Apple and all - definitely getting an iPhone 5 (to replace my ageing 4). Given the way Apple's stock keeps raising, a lot of people investing must really like them.

[xofruitcake]

Originally Posted by flopticalcube

S. it made a new high on weaker momentum, volume has fallen since April. The MACD has diverged. That is a taste of the things I am looking at.

I agreed with everything you said, except that there are pleny more good news to drive the stock price.. Ipad mini still have to come and it will be a blockbuster too.. Apple is rumored to build up 5m a month capacity for Ipad mini. The implication to me is that we should see a $249 version of Ipad mini (otherwise the 5m capacity is way aggressive)..

http://www.padgadget.com/2012/09/18/...inese-factory/

[alias99]

Originally Posted by IJ Reilly

B

[/COLOR]

Only for people who don't understand the first thing about equity investing. And those people should stay as far away from the stock markets as possible. They are far better off buying an index fund or ETF.

This is true and I agree.

You initially reacted by stating that its not more affordable which isn't true and that was the point I was trying to make.

Like I said I agree with 99% of what you say.

[Frobozz]

Originally Posted by Chlloret

Same here. Invested in 2003 and bought 1000 shares AAPL, against the advice of the banker, at $13 a share. Shortly after, they split, I now have 2000. My Investement of $13000, coming from my grand mother that passed away, even paid me a few thousend dividend last month.
I'm going to decide after 10 years, very soon, what to do. I'm 61, a nice age to retire.......

FANTASTIC! That's great to hear. I think there are a lot of people who bought around that time– Jobs was back, after all–*and held for a long time.

Hope you have a happy retirement!

[Josh220]

Anyone planning on investing before the iPad Mini event hits?

[flopticalcube]

I did try and warn people. Looks like it wants to make its way to the 200 dma currently @ $581. Next week's earnings will make all the difference, I think. I'm still thinking about that gap @ $425.

[Anuba]

It will be interesting to see how the 5 is doing. Apple went for form factor as the main selling point, but all I hear is "meh, nothing special"... people's expectations were high on the tech side of things. They can't specify what that would be, they just want "new" and "moar!". The original iPhone was such a leap that everyone has come to expect no less than a revolution every time, and if the latest iPhone can't be used as a jet pack and can't shoot laser beams or teleport coffee to your table, it's "meh".

[flopticalcube]

Ok. Earnings miss. 200 dma @ 585 is next. If that doesn't hold... $525?

[flopticalcube]

Touched the 200d sma. Time for a bounce? Volume seems light, however.

[Unspeaked]

Originally Posted by cvaldes

Barring some world catastrophe, AAPL isn't going to shed a third of its value. It's already undervalued as it is vis-a-vis their industry competitors.

So Apple was at $701 when you posted that. It's at $558 today.

Not quite a third, but still a 20% drop...

[Dooger]

Originally Posted by Unspeaked

So Apple was at $701 when you posted that. It's at $558 today.

Not quite a third, but still a 20% drop...

He doesn't post on here anymore. Think he picked up his ball and took it home when he realised his precious stocks (along with his grand predictions) were tanking.

[Apollo231]

Originally Posted by IJ Reilly

Both of you should hang on to that crystal ball! Everyone is great at predicting the past. But predicting the future -- now that's worth something.

I wonder what the price of the Apple stock is now? Lol everything that goes up, comes down, when you hear people surprise of how high the stock was, then you needed to worry and cash in. On the other hand, the Google stock is way higher now than what Apple ever was but you don't see anybody being surprise about that :P

[BaldiMac]

Originally Posted by Apollo231

On the other hand, the Google stock is way higher now than what Apple ever was but you don't see anybody being surprise about that :P

Because it's not significant. Apple's market cap is still 50% higher than Google's. Google just has fewer shares.

[IJ Reilly]

Originally Posted by Apollo231

I wonder what the price of the Apple stock is now? Lol everything that goes up, comes down, when you hear people surprise of how high the stock was, then you needed to worry and cash in. On the other hand, the Google stock is way higher now than what Apple ever was but you don't see anybody being surprise about that :P

I don't worry about what other people do. The point I made multiple times in this thread and others of its kind is that worrying about other people is what leads investors into making bad decisions.