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AAPL Shares Hit New All-Time Closing High

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Apr 12, 2001
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Apple shares climbed to an all-time high at the close of Nasdaq trading on Tuesday, rising $10.53, or 3.16 percent, and hitting $343.99 per share. Apple now has a market value of almost $1.491 trillion.

apple-shares-all-time-high-june-9-2020.jpg

Despite a bumpy start to the year, tech stocks have fared well during the global health crisis. Apple saw its stocks fall in February and March due to supplier constraints, store closures, and ongoing curbs on travel and transport, but demand for new devices was buoyed by increasing numbers of people working from home, and that saw Apple's share price surge again in April.

Tuesday's high came on the back of news that Apple plans to announce an upcoming shift to Arm-based Macs at its virtual WWDC event later this month.

Swapping over to its own house-made chips should allow Apple to release updates on its own schedule and with perhaps more frequent technology improvements. Apple should also be able to differentiate its devices from competing products with chips designed by its own internal teams, introducing even tighter integration between hardware and software.

There have been some mixed rumors on when Apple could launch the first Arm-based Macs. Apple analyst Ming-Chi Kuo believes Apple will release MacBook models with its own custom processors in the fourth quarter of 2020 or the first quarter of 2021.

Kuo expects Apple to release several Mac notebooks and desktop computers with custom designed Arm-based processors in 2021, so the custom processors won't be limited to just one machine. Bloomberg has said that Apple is aiming to release at least one Mac with a custom-designed Arm-based processor by 2021.

Article Link: AAPL Shares Hit New All-Time Closing High
 
Article Link
https://www.macrumors.com/2020/06/10/aapl-shares-hit-new-all-time-closing-high/
I sold all of my 2005 position just before the drop.

I briefly thought I was Gordon Gekko before completely missing the V shape recovery.

I still don’t understand how a world so poorer can support the old valuations, but this is the Game.
 
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If you would tell me that the whole covid19 crisis was set in scene by short sellers, I would not doubt you.
 
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bayportbob said:
the profit margin goes way up when the intel chips are gone. shoulda bought it when it bottomed out in march. I talked the talk then but...........
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I bought near the bottom...the return on that $300 has been great.
 
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Red Oak said:
Dropping Intel for their own ARM CPU will save Apple $2-$4 billion a year

Financial impact will be huge
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The power of the chips will also mean people will gravitate toward the Mac Pro's when they finally bring them out. Not to mention the reduced cooling issues And thinner designs.
 
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If it all gets sold on layaway, this stock will end up as stable as a Ponzi scheme....
 
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neuropsychguy said:
I bought near to bottom...the return on that $300 has been great.
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Yep I told my mom to buy a little at 280 and she did. I told her then that after some noise settles, Apple is shooting back to 325, and it did in short time. I was a bit surprised to see it fall to 235 like it did, but that was an ooooold long term support line tho. Iirc it fell all the way to 225. I missed that for myself. Dang. Maybe next crisis time. 😆
 
2013.1 said:
Apple is doing a great job but this is hugely exaggerated
probably due to extensive money printing.
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What exactly are you indicating that is being exaggerated? Please be specific. Seems to me growth is due to a rebound from the Pandemic.
 
djcerla said:
I sold all of my 2005 position just before the drop.

I briefly thought I was Gordon Gekko before completely missing the V shape recovery.

I still don’t understand how a world so poorer can support the old valuations, but this is the Game.
Click to expand...

Not sure where you get 'support the old valuations' from but like a lot of people it seems like the constant bombarding on the news slanted in one direction has led to this thought that we were/are in a real recession. It was a blip on the screen not a long term hit or sustained slide. The unemployment numbers back that up.
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Relentless Power said:
What exactly are you indicating that is being exaggerated? Please be specific. Seems to me growth is due to a rebound from the Pandemic.
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More like how they got through, the money they have in the bank, the fact that they are going to be ditching Intel and making their own desktop class processors, I can keep goin on some other things but these are the starting point for the increase in stock price.
 
Steve121178 said:
Yes, but the many iPhone 6/6s owners out there all over the world just might be looking for an upgrade, finally.
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Why would I upgrade? None of the current Iphones have headphone jacks that 90% of the population demands.

Macs are also going to use weak ARM chips to save a few bucks for the bottom line.

Apple used to be a technology company that meant something to people. Now they're simply a means to squeeze every last dime from an unemployed world.
 
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My company share prices will be skyrocketing as well if I was publishing non-news stories and overpriced items to sell
 
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