Not very likely. Right now there is over $100 per share just in cash, with a P/E of only around 10. They would have to fall at about quadruple the rate of RIMM over the next few years to even approach a $200 share price.
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Apple's Market Capitalization Hits $500 Billion, Stock Up 34% in 2012
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Not very likely. Right now there is over $100 per share just in cash, with a P/E of only around 10. They would have to fall at about quadruple the rate of RIMM over the next few years to even approach a $200 share price.
$90 is absurd. That would make them less valuable than the short-term cash they have on hand. It's on a 15 PE. You're talking as if the current price overvalues the company or expects them to dramatically improve earnings to justify their valuation.
Imagine how Microsoft must feel. They purchased $150M of Apple stock when it was well below $10 to help Steve get it back up and running when he returned. Id' love to know what % increse they've seen.
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I believe that MSFT hit $604B in December of 1999.
Anything is possible, but just remember that they have over $100 per share (about 18-20%) is in cash alone, and it is likely is they they'll add more to it in the short term. So in the unlikely event that they do mess up, it can drop, but probably not that low.
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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.
Trying to time the market there. Not a very good idea. Though with Apple, I've been tempted to do the same as I used to think there was a consistent dip in the stock after major announcements (like man, the iPad is just a big iPhone, is that all they've got . . . and stock goes down). It seemed like the traders were only going to buy after an announcement that they understood and they didn't understand that what Apple was announcing was really pretty incredible.
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After owning a bunch of pc's and a couple of macs i know which is by far better value. The macs may of cost a little bit more but they certainly last longer and had not even close to as many problems as the pcs that i have had. Overpriced? Not by a long way!
ericinboston said:
After owning a bunch of pc's and a couple of macs i know which is by far better value. The macs may of cost a little bit more but they certainly last longer and had not even close to as many problems as the pcs that i have had. Overpriced? Not by a long way!
I don't trade stock...and frankly am not a fan of the Stock Market Casino.
I've seen and been at plenty of companies for the past 30 years that are $10 one year and $300 a few years later and back down to $15 years later.
For those of you who want to day trade and lock your money into 1 company or daydream about hitting the lottery/Apple stock lottery...great. Have fun.
Am I wrong or have we seen a rollercoaster ride a few times in Apple's history? Will it nosedive next year? Who knows....it's up to Apple to make money.
Let's also remember that in this high tech environment, Apple CLEARY does not sell to businesses. Apple sells to consumers. Fine. Great. Apple is a consumer electronics company. But unlike Bose and Sony (for example) Apple sells zippo to businesses. Therefore, Apple is (for better or worse) 100% reliant on consumers.
Apple has a few products and sells 100% to consumers...in my book that's either a great bet or a bad bet...depending on the year. iTunes and iPod is 10 years old. <yawn>. iPhone is on version 4 (I see iPhone following the same boring steps as iPod gen 4 and newer). iPad is coming on 3 and I am excited for this. Mac is not Apple's concentration but Apple is happy to make a hefty profit on those who like a sexy-looking computer. And let's face it, Mac will never have any kind of high marketshare (say 25% or higher) mainly because it simply does not live in the business world (please don't chime in about your 5-person company that is all Mac), does not have business applications, and fails to have any kind of business-class support/tech support.
I'm not spelling doom and gloom...but just getting people to think a bit more about what Apple has (as far as we know) in its product line and Apple's extremely high value right now.
Wow, if they kept that stock all the way until now, it would worth $7.8 billion. That is at the point were it would actually be a not insignificant amount of Microsoft's market cap.
Yes, probably starting Friday March 16 at 6pm if history is any guide.
Apple is up $140 per share since Jan. alone. Mind boggling until you realize Apple is managed better than any other company in the world right now and its track record doesn't look to slow down in the near term for sure.
And that was during the Dot Com bubble! Apple's doing this in a ****ty economy!
Apple's cashpile of nearly 1 billion is so much, yet seems so small compared to 500 billion... Just count the zero's on this puppy... --> 500,000,000,000 
EDIT: Never mind this post, I'm stupid. XD
EDIT: Never mind this post, I'm stupid. XD
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Actually, MSFT hit its peak right before the market collapse at 492b, adjusted price of 58.72. IIRC
Edit:
MSFT: $117.438, 4.195B Shares December 24, 1999 Mkt Cap: $492.065B
CSCO: $79.375, 5.39B Shares March 24, 2000 Mkt Cap: $427.83B
INTC: $72.938, 5.0B Shares August 25, 2000 Mkt Cap: $364.69B
Edit Again: I derped, I used 1999-2000 prices but present day shared outstanding.
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Possibly some of the worst analysis ever.
There is no possibility of $90 per share in 1 to 3 years unless iOS is proven to cause cancer when you look at it. Apple will come back down to earth when it no longer has a dominate position in the smartphone market. As long they can make a compelling smartphone that they can sell at a great margin, they will make boat loads of cash.
The only way the TV market can be the win for Apple that iPad, iPhone and iPad have been is if they can make such a good product that they can sell that at a high margin as well. So far, all they've been able to do is sell $100 hockey pucks.
Apple's cashpile of nearly 1 billion is so much, yet seems so small compared to 500 billion... Just count the zero's on this puppy... --> 500,000,000,000
Apple cash stock pile is 100 billion, not 1 billion.
Apple's cashpile of nearly 1 billion is so much, yet seems so small compared to 500 billion... Just count the zero's on this puppy... --> 500,000,000,000
Uhh, Apple's cash pile is 100 billion. Same number of zeros.
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I should sell my single share!!
I should sell my single share!!
Enough with the FUD about Microsoft saving Apple! Apple was NOT near bankrupt when Steve came back. They were in big trouble, no doubt about that, but not anywhere near insolvency. Microsoft's purchase of non voting stock did NOT "save" Apple. It was a small token to show continued support as well as continuing to develop Office for the Mac. $150 million was pocket change for both companies at the time. Gates and Jobs also resolved the patent issues festering between them. Steve Jobs saved Apple, not Bill Gates.
500 more to go.
Till Apple is worth 1 Trillion Dollars!!!! Mwwwwuaahahahahahahahaha!