Apple's Stock Sets First New All-Time High Closing Price in Nearly Two Years

[MacRumors]

Apple's stock set a new all-time high closing price of $133.29 today, eclipsing a previous record of $133 set on February 23, 2015. The stock still remains around $1 off its true all-time high of $134.54 set on April 28, 2015.

Apple's stock has been steadily rising over the past four months, particularly since the company reported record-breaking earnings results, including revenue of $78.4 billion and net quarterly profit of $17.9 billion, in late January. The stock rose over $7 in a single day following the January 31 results.

Apple analyst Brian White of investment firm Drexel Hamilton has persistently said AAPL remains "one of the most underappreciated stocks in the world," and his target price for the stock is $185. Steven Milunovich of UBS and some other analysts have also said the stock is undervalued in recent weeks.

Apple's stock has rebounded significantly since dropping to a 52-week low of $89.47 last May. The price was likely impacted by Apple's comparably lackluster 2016, which marked the company's first year-over-year decline in annual revenue since 2001 after 51 consecutive quarters of uninterrupted sales growth.

Apple is the world's most valuable company with a market capitalization approaching $700 billion.

Article Link: Apple's Stock Sets First New All-Time High Closing Price in Nearly Two Years

 

[Dilster3k]

Apple is doomed I tell ya'll whippersnappers!

 

[Omar_19x]

Doomed

 

[twocents]

Strongest sign yet that Tim is done as CEO

 

[djcerla]

Right in the face of the "Peak iPhone" pundits.

 

[tubeexperience]

You can only run on fumes for so long.

 

[JesterJJZ]

Now give us a real workstation...

 

[Vanilla35]

Even though stocks are meant to make you money, I'd rather invest mine elsewhere.

 

[theBigD23]

Wouldn't that be "intra day" high?

 

[Michaelgtrusa]

That's the innovation! Making profits.

 

[tubeexperience]

Strongest sign yet that Tim is done as CEO

You can only have a CEO without vision running the company for so long.

 

[Rocketman]

My most recent traunch was purchased at $88 and change (various close prices as fills happened). I posted here and suggested other folks consider doing the same. So there was some head's up. Now that portion of the position is up about 50.6% and now qualifies for long term capital gains treatment come May 2017.

The house in congress says they will be substantially lowering capital gains taxes next year, which will increase the overall gain by about 15% due to lower taxation.

 

[shk718]

that's with a ridiculously small P/E ratio of 16. To put in perspective , Google and Microsoft are at 30 and Amazon is at an unjustifiable 170.

 

[julesme]

My most recent traunch was purchased at $88 and change (various close prices as fills happened). I posted here and suggested other folks consider doing the same. So there was some head's up. Now that portion of the position is up about 50.6% and now qualifies for long term capital gains treatment.

The house in congress says they will be substantially lowering capital gains taxes next year.

Nicely done! Unfortunately many people will see today's news and decide to buy Apple tomorrow, when they should have done what you did. Try to buy when everyone else is scared, and hold or sell when everyone is really excited again.

 

[btrach144]

Yet Tim can't figure out how to make a Mac

 

[Plutonius]

Even though stocks are meant to make you money, I'd rather invest mine elsewhere.

Agreed. If I owned APPL I would sell it at this point and then buy again when it dipped.

 

[citysnaps]

That's the innovation! Making profits.

No. Developing innovative products and complimentary services year after year, that people (many being repeat customers) want and can't wait to open their wallets to buy, is what generates huge profits.

 

[djcerla]

You can only run on fumes for so long.

If you believe that 2017 Apple is "running on fumes" you have no understanding of the firm, at all.

Apple is in the process of cornering all the core technologies they will need for the next generation products. Silicon? No rivals. Industrial processes? No rivals. Accessibility? No rivals. Health team? No rivals. Stores and support? No rivals. Maps? Getting better and better. AR and AI? Beefing up the teams with dozens af acquisitions.

Apple will be around much longer than all of us.

 

[DaveOP]

If you believe that 2017 Apple is "running on fumes" you have no understanding of the firm, at all.

Apple is in the process to cornering all the core technologies they will need for the next generation producds. Silicon? No rivals. Industrial processes? No rivals. Accessibility? No rivals. Health team? No rivals. Stores and support? No rivals. Maps? Getting better and better. AR ans AI? Beefing up the teams with dozens af acquisitions.

Apple will be around much longer than all of us.

You have to remember, this guy thinks more RAM in a Mac, and a shiny new form factor for the iPhone is more important than all of those things you mentioned. I am on your side, they are doing some remarkable things that Steve had not dreamed of.

 

[nathan.l.larsen]

That's the innovation! Making profits.

Profits enable R&D, acquisitions, talent recruitment, and investors, all of which leads to innovation.

 

[Michaelgtrusa]

No. Developing innovative products and complimentary services year after year, that people (many being repeat customers) want and can't wait to open their wallets to buy, is what generates huge profits.

Have you studied Apple's money focus as of late?

 

[paul4339]

My most recent traunch was purchased at $88 and change (various close prices as fills happened). I posted here and suggested other folks consider doing the same. So there was some head's up. Now that portion of the position is up about 50.6% and now qualifies for long term capital gains treatment.

The house in congress says they will be substantially lowering capital gains taxes next year.

Congratulations, i did the same around $90, but didn't have the nerve to hang on to it and got out just above $120 ... i hope it tanks in late summer (like in Jul/Aug 2015).

 

[Michaelgtrusa]

Profits enable R&D, acquisitions, talent recruitment, and investors, all of which leads to innovation.

True, but with the QC in recent years what are they spending it on? They should be asking companies to help them innovate not meet profit goals for shareholders.

 

[djcerla]

Agreed. If I owned APPL I would sell it at this point and then buy again when it dipped.

AAPL just broke out, it's going up nicely.

Barring the odd macro crash, the company valuation will probably break the $1 trillion mark by early next year at around $190 a share. Even at that level, it would remain severely undervalued.

 

[BoltmanLives]

If you believe that 2017 Apple is "running on fumes" you have no understanding of the firm, at all.

Apple is in the process to cornering all the core technologies they will need for the next generation producds. Silicon? No rivals. Industrial processes? No rivals. Accessibility? No rivals. Health team? No rivals. Stores and support? No rivals. Maps? Getting better and better. AR ans AI? Beefing up the teams with dozens af acquisitions.

Apple will be around much longer than all of us.

Silicon: Qualcomm/Intel/ARM
Industrial processes: HP+Microsoft
Accessibility: Microsoft
Health: Microsoft
Stores/Support: Microsoft's OEM network same for support.
AR/AI: MIcrosoft Frameworks (Windows Holographic and Bot Framework)

Apl users better not sleep on Microsoft+ OEMs when they really focus on Mobile it won't be pretty for Apl, we already see it in every other sector look at Macs and iPads. Apl has had little real challenge at high end, that will change and change soon.

Keep in mind these "mind blowing #'s" are based on a declining group of humans Iphone globally . Iphone saturation globally has actually decreased and holds at about 12% almost single digits. Last year the stars aligned this year I doubt it.