Apple's Market Capitalization Hits $500 Billion, Stock Up 34% in 2012

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Feb 29, 2012.

  1. macrumors bot

    MacRumors

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    #1
    [​IMG]


    Apple's stock has hit yet another psychological milestone today, pressing through to reach $500 billion in market capitalization. Apple passed the milestone in after-hours trading yesterday, but has just now passed it in regular trading as the trading day opens.

    [​IMG]


    At the end of January, we noted that Apple had seen a remarkable 50-point gain during the first month of 2012 that saw the company's stock price increase by nearly 13%.

    Amazingly enough, Apple's stock growth has only accelerated in February as anticipation for the iPad 3 and optimism over the company's continued strong financial performance has attracted investors. As Apple hits the $500 billion market cap milestone and is currently sitting at over $507 billion, it is now up over 34% in the first two months of 2012.

    Article Link: Apple's Market Capitalization Hits $500 Billion, Stock Up 34% in 2012
     
  2. macrumors 6502a

    Joined:
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    PA
    #2
    I f'ed up by selling around $445 after the earnings report hoping to cash in a little and buy back in after a correction. Well that never happened and I got back in at $500... Missed out on a couple G's but I guess it's better than nothing or a loss.:rolleyes::apple:
     
  3. macrumors 6502

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    Gahanna, OH
    #3
    500 more to go. :D
     
  4. macrumors 68000

    1080p

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    Planet Earth
    #4
    I wish I had spent money on APPL stock instead of buy their products. I'd be richer today. :apple:
     
  5. macrumors G4

    Joined:
    Oct 23, 2010
    #5
    Congratulations. There is still a way to go before Apple becomes the most valuable company of all time, but that is certainly possible (I think Microsoft was worth over $600 billion at one time).

    Hopefully the iPad 3 will be the next big step toward that milestone.

    ----------

    I had an option exercise earlier in the month when it was at $507. I had only enough to keep half the shares (I had to sell the other 50 shares to cover the margin). That said, I won't complain about a few hundred dollars given how well the stock has done for me in the past 6 months.
     
  6. macrumors 6502a

    Joined:
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    Illinois
    #6
    If I had invested in 2005 I would be sitting on close to 300k in stock right now. Excuse me while I go cry into my coffee.
     
  7. om1
    macrumors newbie

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    #7
    Yeah, but if everybody would do that we'd end up with no Apple goodies and a stock value of 0.
     
  8. macrumors regular

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    Aug 14, 2010
    #8
    psychological milestone?!
     
  9. macrumors 6502a

    Kaibelf

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    Chicago, IL
    #9
    Blah blah blah Apple's a flop now that someone new is in charge Blah blah blah Android has more activations so they must make more money Blah Blah Blah Foxconn news is tanking the company Blah Blah Blah the iPhone4S won't sell, it's only a minor upgrade blah blah blah Samsung is the world's best company ever in the history of man blah blah blah it's only for hipsters and creative people blah blah blah they don't even make products with a stylus blah blah blah ..... oh...... 500 billion market cap?..... um..... carry on then. :rolleyes:
     
  10. macrumors 6502

    Menopause

    Joined:
    Feb 26, 2011
    #10
    Wow! For everyone who bought stocks when Apple was $150 or so and didn't sell them yet would be very, very happy!
     
  11. macrumors 6502a

    Kaibelf

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    #11
    150? Try 25 bucks! Ah, if only. :eek:
     
  12. macrumors member

    Joined:
    Jun 18, 2003
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    Texas
    #12
    I'm happy...Just wish I bought more. Split adjusted price for me was $31.51 Back in 2004.
    Trying to decide when to let some go now. Every milestone makes me feel like I should sell a little and diversify but Apple is the only company I enjoy following close enough to understand the fundamentals.
     
  13. Moderator

    dejo

    Staff Member

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    #13
    The average price point for my AAPL stock is $14.85. Hee hee hee...
     
  14. macrumors 68000

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    Mar 15, 2010
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    America(s)!
    #14
    Sold a bunch at $90 :(
     
  15. macrumors newbie

    Joined:
    May 21, 2009
    #15
    I got in at 180...but I only bought 10 shares!! Oh well, it's been a fun ride and I should not complain one bit. Go AAPL!
     
  16. macrumors 68000

    Joined:
    Jan 13, 2008
    #16
    Interesting that a company who simply produces 1 model of tablets, 1 model of phones, a few models of mp3 players, and a few models of overpriced computers has a market cap this high.

    Apple will need to continue innovating and selling more than just 10 SKUs of products to hold this kind of value. I personally think the stock is extremely inflated. Sooner or later Apple will need to introduce some new products to hold this high value...the iPod line has been oversaturated for years...that's 25% of their product line...the iPhone and iPad can't carry Apple forever...and my guess is the iPhone has 2-3 years left before everything on the cell market is very similar to the iPhone (Android). If nothing rivals the iPad over the next few years, ok, cool....but then Apple is a company that banks its business on 1 product.

    Don't get me wrong...I like Apple...they are obviously on top of the world right now....but it could come right back down to reality ($90/share) in 1-3 years in my opinion as iPhone and iPad competition increases and if Apple doesn't expand its overall Apple product lineup. I am interested in seeing what Apple has in store for tv...if they do it right, that could make Apple some big cash for 10-15 years all by itself.
     
  17. foodog, Feb 29, 2012
    Last edited by a moderator: Feb 29, 2012

    macrumors 6502a

    foodog

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    #17
    MSFT hit its peak in Dec 2007 at 350 Billion
     
  18. macrumors 68020

    applesith

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    Jun 11, 2007
    #18
    Yes, businesses must continue to innovate to make more sales.
     
  19. macrumors 68040

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    somewhere else
    #19
    What does the stock symbol for Appell Petroleum Corp have to do with this discussion?

    :) ;) :p
     
  20. neuropsychguy, Feb 29, 2012
    Last edited by a moderator: Feb 29, 2012

    macrumors 6502a

    neuropsychguy

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    #20
  21. macrumors member

    Joined:
    Jun 18, 2003
    Location:
    Texas
    #21
    I agree with you here. If they do the TV thing right then I don't want to miss the opportunity. If they miss on the TV there will be some regret in not selling sooner.
     
  22. macrumors Penryn

    rdowns

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    Jul 11, 2003
    #22
    You'd be even richer had you bought AAPL.
     
  23. macrumors 68040

    iSee

    Joined:
    Oct 25, 2004
    #23
    Don't quit your job to become a day trader.

    It's arguable about how long Apple can keep up its amazing increases in sales and profits, but $90/share is an insane number baring something like a world war.

    Apple's P/E at today's share price is ~15.
     
  24. Taz Mangus, Feb 29, 2012
    Last edited: Feb 29, 2012

    macrumors 68020

    Taz Mangus

    Joined:
    Mar 10, 2011
    #24
    I think Apple will hit $600/share within the next two months. Once iPad 3 starts hitting the shelves and is another record success, the stock will easily hit $600/share and beyond. In the last 30 days the stock has risen about $100/share.

    I have bought the stock when it was $4x, $1xx, $2xx, $3xx, $4xx. I look at Apple as a long term investment.
     
  25. macrumors 6502a

    nylonsteel

    Joined:
    Nov 5, 2010
    #25
    re original article

    next stop 1 trillion
     

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