Apple's Stock Reaches its Highest Price Ever

[MacRumors]

Apple is having a good Valentine's Day, as its shares traded above $134.54 today, eclipsing a previous all-time intraday high set in April 2015.

Apple's market value has now surpassed $700 billion, making it the world's most valuable company by a sizeable margin. Google parent company Alphabet is second largest with a market cap of around $575 billion, followed by Microsoft at around $500 billion and Berkshire Hathaway at around $412 billion.

The milestone comes just one day after Apple's stock recorded its highest closing price ever of $133.29 on Monday. Following Apple's first annual revenue decline since 2001, its stock been steadily rising over the past four months, buoyed by record-breaking earnings results at the end of January.

When adjusted for a 7-for-1 split in June 2014, Apple's stock is trading at roughly $942, approaching the $1,000 milestone that was considered wishful thinking when some analysts predicted it years ago. Apple is also slowly but surely on track to become the world's first trillion dollar company.

Apple analysts Brian White of Drexel Hamilton and Steven Milunovich of UBS, and former analyst turned venture capitalist Gene Munster, are among a larger group of observers who believe Apple's stock remains undervalued and is likely to rise. AAPL is up over 50% compared to its 52-week low of $89.47 in May 2016.

Update: Apple's stock price ultimately closed at a record $135.02 after hitting $135.09 a few minutes before the close. The stock has continued to rise slightly in after-hours trading.

Update 2/15: Apple's stock price closed even higher at $135.51 after hitting $136.27 in intraday trading, a new all-time high.

Article Link: Apple's Stock Reaches its Highest Price Ever

 

[v0lume4]

Honestly amazing. Holy smokes. I don't care if you have an iPhone, Android, Mac or PC. That's really just insane.

 

[dumastudetto]

I have four words for you: I love this company.

 

[StevieD100]

coming soon, forcasts that
1) the Samsung S8 is the phone to end all phones. No one need ever look elsewhare for a phone. All that came before it a little more than archaeoligical relics.
2) Apple will struggle to sell 10M phones in the next quarter.
And in Wall St
The people who shorted apple down to $100 will make a killing.

In other words people, it is a bubble. Those in the markets who hate/ get paid to hate Apple will make sure that it pops very soon. Sad fact of reality but I'd love to be proved wrong.

Perhaps if some of those magical, courageous products that Tim C keeps talking about actually see the light of day then it may stop/delay the bubble bursting.

 

[EdT]

There are things that Apple is doing right. There are things that Apple is doing wrong. There are things that stock portfolio managers are taking that are probably illegal.

 

[routine_analyst]

Focusing on the wrong bullet points for what makes Apple successful, yet again. PROFIT PROFIT PROFIT PROFIT PROFIT (oh and we have the best products in the pipeline....).........

 

[WiseAJ]

and its still undervalued

 

[djcerla]

Still ridicolously undervalued, but champagne anyways.

 

[Joe Rossignol]

Who wishes they bought in at $89 some 10 months ago? Up over $45 since then.

 

[paulywalnuts23]

The title of the article should read, Highest since split. Apple stock has been worth far more in the past.

 

[CarpalMac]

Great news for investors, not so much for customers.

 

[Bubba Satori]

I have four words for you: I love this company.

That's ten words.

Why would somebody love a company?

 

[Paul Dawkins]

Calm before the storm?

 

[CarpalMac]

Who wishes they bought in at $89 some 10 months ago? Up over $45 since then.

Certainly wish I had bought South32 10 months ago!

https://www.google.co.uk/finance?cid=1124000552310719

 

[tubeexperience]

When Apple made CEO an accountant instead of an innovator, there's going to be a crash and it's going to be a big one.

Tim Cook = Steve Ballmer

 

[now i see it]

The Dow is at it's highest ever. So is Boeing (almost). All the stocks are going crazy up. It's "investor frenzy" based on what?
Apple hasn't "done" anything to create this peak. It's still Apple as usual with "exciting products in the pipeline"...zzz

 

[Crzyrio]

The title of the article should read, Highest since split. Apple stock has been worth far more in the past.

They have taken that into account. This is the highest the stock has been ever.

Pre split the price would be $945 which is never reached prior

 

[Tubamajuba]

Yes, but Apple hasn't done every single thing I wanted them to do in exactly the way I wanted them to do it, and they make some products that I don't like- so their success is a lie and they're going to be a failure until they listen to me!

There, now dozens of people don't have to waste their time typing that up.

 

[profets]

The title of the article should read, Highest since split. Apple stock has been worth far more in the past.

What do you suggest?

 

[brendu]

When Apple made CEO an accountant instead of an innovator, there's going to be a crash and it's going to be a big one.

Tim Cook = Steve Ballmer

I hear this a lot and I don't really disagree but the difference to me is the way their companies are setup and the people Tim had under him. Most of them were hand picked by Steve Jobs and do most of the work at Apple that I care about (hardware and software development). Apple under Tim is a much healthier and forward thinking company than Microsoft was under Ballmer.

 

[dannys1]

Sack Tim. He's doing his job properly.

 

[macTW]

If you (wrongly and blindly) give Tim Cook the blame for issues, at least give him the credit for the success.

 

[UltimaKilo]

Apple can easily break the $150 threshold this year. Some analysts have the company breaking $200 in 2018, lead by the iPhone 8 and services revenue.

If the Trump administration is able to get Apple to repatriate its overseas money this year, it could break $200 this year.

Dividend payouts aren't bad either, just make sure you put them into a DRIP!

 

[guzhogi]

Who wishes they bought in at $89 some 10 months ago? Up over $45 since then.

Wish I had bought in at $0.53 (adjusted) in 1980…
(From http://www.dividend.com/dividend-education/the-complete-history-of-apple-aapl/).

 

[macTW]

The title of the article should read, Highest since split. Apple stock has been worth far more in the past.

Did you even read the post...? Factoring in the split, it's almost at the unheard of $1000 mark...