Why is Apple's ticker AAPL?

Discussion in 'Apple, Inc and Tech Industry' started by DTphonehome, Dec 7, 2006.

  1. DTphonehome macrumors 68000

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    #1
    Anyone have any idea why "Apple Computer Corp" has the ticker AAPL? There's only one "A" in the name of the company! Wouldn't APPL be better (I know that it's taken)?
     
  2. Sdashiki macrumors 68040

    Sdashiki

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    #2
    didnt you answer your own question?
     
  3. DTphonehome thread starter macrumors 68000

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    #3
    No...I think Apple has had APPL longer than the other company had APPL. I'm wondering if there's some historical reason that Apple goes by AAPL.
     
  4. Chaszmyr macrumors 601

    Chaszmyr

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    #4
    Steve Jobs made a typo when he sent a memo to the financial advisor.

    Kidding, of course
     
  5. balamw Moderator

    balamw

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    #5
    He stuttered a bit in his early years you know, but he's largely gotten over it. :p

    B
     
  6. IJ Reilly macrumors P6

    IJ Reilly

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    #6
    If it helps any, all ticker symbols on the NASDAQ, the market where AAPL is listed and traded, are four letters in length. Ticker symbols on the NYSE are one, two, or three letters in length.
     
  7. Chaszmyr macrumors 601

    Chaszmyr

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    #7
    Maybe its like companies having names like AAA so they are first on the phone book. AAPL puts apple significantly closer to the top of the list than APPL would.
     
  8. MacsRgr8 macrumors 604

    MacsRgr8

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  9. mcarnes macrumors 68000

    mcarnes

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    #9
    The "A" key did stick a lot on that bugger.

    [​IMG]
     
  10. Squonk macrumors 65816

    Squonk

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    #10
    I was thinking something along these lines as well. AAAA Bail Bonds :p
     
  11. ~Shard~ macrumors P6

    ~Shard~

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    #11
    It just is. The company's name is "Apple Computer Inc." but their symbol is "AAPL". Just accept it. :cool:
     
  12. obeygiant macrumors 68040

    obeygiant

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    #12
    btw is anyone buying apple stock right now? is it a good buy?
     
  13. mkrishnan Moderator emeritus

    mkrishnan

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    #13
    I'm shocked that this thread has not generated a more elaborate conspiracy theory.

    FWIW there is an APPL but it doesn't appear to be a very online company. Or at least I could not locate any news about what it is, what it does, or what its history is.

    So why didn't Apple go for the NASDAQ symbol "JOBS"? :D
     
  14. dejo Moderator

    dejo

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    #14
    I would guess because back in 1980, when they did their IPO, Steve Jobs was not CEO.
     
  15. mkrishnan Moderator emeritus

    mkrishnan

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    #15
    A company this good should be expected to have prescience, man, prescience!!!! :eek: ;) :D

    (it was just sarcasm anyway)
     
  16. dane0 macrumors member

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    #16
    FYI APPL is some company named Appell Pete Corp. A search on the internet will bring up a few stock quotes, but nothing really interesting. Probably some shady form of company channeling money for laundering so the big man won't have to pay any taxes :rolleyes:
     
  17. Unspeaked macrumors 68020

    Unspeaked

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    #17
    Motley Fool has suggested several times in the past that Apple should change their ticker to "IPOD"

    I sort of agree.
     
  18. ~Shard~ macrumors P6

    ~Shard~

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    #18
    I don't - Apple is much more than just the iPod. :cool:
     
  19. rdowns Suspended

    rdowns

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    #19
    If they were to change their symbol- MACS would be my choice. Or maybe RDF.
     
  20. Unspeaked macrumors 68020

    Unspeaked

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    #20
    Not on Wall Street it ain't!
     
  21. mkrishnan Moderator emeritus

    mkrishnan

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    #21
    Actually their notebook computers at least are quite profitable. And they have a much richer mix of product sales in computers than pretty much any other PC manufacturer (maybe tied with Sony, as Sony also doesn't really sell budget fare?). This isn't particularly true, even though the iPod garners a lot of attention.
     
  22. IJ Reilly macrumors P6

    IJ Reilly

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    #22
    I think it's sadly true that the markets still really don't understand anything Apple is doing beyond the iPod. Not so many years ago, AAPL was trading for way under book value -- at a price roughly equivalent to the value of their cash on hand, which valued everything else the company owned, and their business selling Macs, as absolutely worthless. As odd as this was, you'd still have had a hell of a time finding any broker who'd recommend buying even a single share. I don't think the situation has changed appreciably today.
     
  23. ~Shard~ macrumors P6

    ~Shard~

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    #23
    Yeah, pretty sad isn't it... :rolleyes:
     
  24. ftaok macrumors 601

    ftaok

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    #24
    At least according to a book that I read (Infinte Loop), the reason that Apple chose AAPL was to have it listed higher on the NASDAQ alphabetically. It was a Steve Jobs decision.

    How much of it was true and how much is lore is debateable. Kinda like how when Woz was named employee #1, Jobs demanded to be employee #0.

    ft
     
  25. IJ Reilly macrumors P6

    IJ Reilly

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    #25
    This story doesn't sound very plausible, if only because stock tables are not sorted by ticker symbols but by the company's name. As was pointed out, APPL was already taken. This didn't leave many options, except perhaps APLE. Not sure if that one isn't also already in use.
     

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