AAPL Opened at All-Time High, Shares Have Risen Nearly 150% Since Late March

[MacRumors]

Apple's stock opened at a new all-time high of $138.05 today, eclipsing the company's previous opening record of $137.59 set on September 2, 2020. However, the share price has since trended downwards slightly in intraday trading.

Apple has seen its stock price rise nearly 150% since opening at a 2020 low of $57.02 in late March, a few weeks after COVID-19 was declared a pandemic by the World Health Organization. The company has thrived during the pandemic, seeing strong demand for devices like Macs and iPads as many people work, learn, and socialize from home.

Apple set a September quarter record with $64.7 billion revenue, and its December quarter could be even more impressive, as the entire iPhone 12 lineup launched within the quarter due to pandemic-related delays. In fact, the oft-lucrative holiday quarter could see Apple report all-time high quarterly revenue above $100 billion for the first time ever, according to 27 analyst estimates averaged by Yahoo Finance.

It's worth noting that Apple announced a four-for-one stock split in August, and split-adjusted trading began at the end of that month.

Article Link: AAPL Opened at All-Time High, Shares Have Risen Nearly 150% Since Late March

 

[macguru212]

I tell ya, this fruit company has a bright future!

 

[adamjackson]

I'm an investor but $30 cases and $1500 phones will do that for you.

 

[mjpviv]

Easy monetary policy + near-zero returns on anything not in equities = really high equity prices.

Put another way, if there is only one place to get a return on money, all the money is going to that one place.

 

[jerryk]

Easy monetary policy + near-zero returns on anything not in equities = really high equity prices.

Put another way, if there is only one place to get a return on money, all the money is going to that one place.

Equities are great and so is real estate. Bidding wars for bigger homes since so many now live AND work there. Homes in my neighborhood are being sold off-market and you have to know someone to get in on one.

 

[triton100]

I'm an investor but $30 cases and $1500 phones will do that for you.

No. Making quality products that people love to use will do that for you.

 

[triton100]

Easy monetary policy + near-zero returns on anything not in equities = really high equity prices.

Put another way, if there is only one place to get a return on money, all the money is going to that one place.

What on Earth are you babbling on about. There are 1000s of other companies or assets that people can invest in. It’s not just the stock market.

 

[Bryan Bowler]

Been riding the wave since 2007 and what a great ride it has been!

 

[Baymowe335]

Congratulations to those who listened to me the last 5 years.

AAPL is now trading at split adjusted $550 after trading at $90 a few years ago. Remember when they stopped reporting unit sales and were “done?”

Long AAPL.

 

[TheYayAreaLiving 🎗️]

Easy money for Apple!

 

[adamjackson]

No. Making quality products that people love to use will do that for you.

I figured someone would take the bait. You don't need to defend Apple. I've been an investor since 1997 and I purchased quite literally everything they've ever made since then including their socks, XServe and even the iPod Hi-Fi and eMac.

They maintain incredibly high profit margins on everything they sell which is my point. I only use their cases but if you can't be real and admit their iPhone cases are grossly overpriced, then we really can't have a discussion.

 

[Baymowe335]

What on Earth are you babbling on about. There are 1000s of other companies or assets that people can invest in. It’s not just the stock market.

The stock market is the only game in town if you want the best returns over time.

 

[Baymowe335]

I'm an investor but $30 cases and $1500 phones will do that for you.

Cases are a rounding error for AAPL.

And you have to make a damn good phone for people to spend $1500 on it, so that is credit to AAPL.

 

[Baymowe335]

Equities are great and so is real estate. Bidding wars for bigger homes since so many now live AND work there. Homes in my neighborhood are being sold off-market and you have to know someone to get in on one.

Real estate can be great, but has many costs equities don’t. Real estate can be illiquid, expensive to own, taxed to hell, riddled with fees and expenses, and can get you into big trouble because of the leverage. People also leave out many costs when calculating the return on real estate.

A cash account in the stock market buying high quality stocks/ETFs consistently over time is likely a better bet for most people.

 

[FightTheFuture]

I figured someone would take the bait. You don't need to defend Apple. I've been an investor since 1997 and I purchased quite literally everything they've ever made since then including their socks, XServe and even the iPod Hi-Fi and eMac.

They maintain incredibly high profit margins on everything they sell which is my point. I only use their cases but if you can't be real and admit their iPhone cases are grossly overpriced, then we really can't have a discussion.

Cases and bands are definitely overpriced, but they group accessories with Home and Wearables (Apple Watch, AirPods). I doubt much of their revenue growth is from cases.

 

[triton100]

I figured someone would take the bait. You don't need to defend Apple. I've been an investor since 1997 and I purchased quite literally everything they've ever made since then including their socks, XServe and even the iPod Hi-Fi and eMac.

They maintain incredibly high profit margins on everything they sell which is my point. I only use their cases but if you can't be real and admit their iPhone cases are grossly overpriced, then we really can't have a discussion.

My friend I am more than happy to cease this discussion with you ha ha ha. Or should I say ho ho ho. But for the record Apple charge a premium on their products because of the quality, craftsmanship and r n d. They don’t magic these products into existence.

 

[triton100]

The stock market is the only game in town if you want the best returns over time.

Hardly. Do some more research. There are plenty of other options. And I’m not even talking about bricks and mortar.

 

[yellow8]

AAPL = BTC

 

[Baymowe335]

Hardly. Do some more research. There are plenty of other options. And I’m not even talking about bricks and mortar.

Haha, untrue. Do your own research. We are speaking generally.

 

[Baymowe335]

AAPL = BTC

Terrible analogy and zero understanding of either.

 

[Mike_Trivisonno]

Apple has come so far since the dark days of the Sculley Regime. That guy almost drove the company into the ground.

 

[triton100]

Haha, untrue. Do your own research. We are speaking generally.

Well I’ll give you a little tip seeing as it’s Xmas. Artwork. But yea like you say I only speak untruths. 🤪

 

[Baymowe335]

Well I’ll give you a little tip seeing as it’s Xmas. Artwork. But yea like you say I only speak untruths. 🤪

Amazing advice.

 

[cmaier]

Easy money for Apple!

You know apple doesn’t get any of that money, right?

 

[Serban55]

Now Jesus, has another middle name