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Apple Shares Continue to Surge as Record-Breaking Market Cap Passes $720 Billion

Incredible... I remember when Apple was just a computer maker, an ignored little competitor to Windows. Those of us with Macs liked them better than PCs and wanted to use only a Mac from then on, while PC users laughed them off as toys or inferior machines. As Apple moved into the iBook era with the cool look of those colorful clamshells and flashy Pixar iMacs, Apple was finally being recognized as a worthy alternative to PCs but people still figured that they would never surpass Microsoft since the most useful software was still being written for Windows. They still weren't "real" computers. Then when the iPod came along, they started to catch a label as a "hipster" brand that only the hipster rich kids needed to buy, while those of us who stuck with them truly understood the fact that they made a superior product....

And now... they are the most valuable business in the world.
 
IJ Reilly said:
It should be trading for exactly for exactly how much it is trading. This is reality. Anything else is at best a theory.

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Why did the split have any affect on your investment decision?
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It should be trading for whatever it will trade for in the future. Anything else is the current market failing to correctly predict the future value.
 
"Apple is doomed under Tim Cook"

28c2e6a055a31049ede23a9af9fbcf31.jpg
 
JPIS said:
Apple's up 68% since Feb.3 last year. :eek:

Let's say it goes up only 50% from today's share price; that will put it around $186.35 in a year. Oh, that would be $1,304.45 pre-split. YES!!

I say it can do it. :apple:
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Yeah and remember when Icahn was urging the company to aggressively buy its own shares? And where are we today? Apple has more cash in the bank than it had a year ago, it still doesn't know what to do with the money, and it missed out on a 68% increase. Or remember folks urging the buybacks 4 years ago?

Yes, Apple has conducted the largest corporate share buy back in history. But as of right now it looks like Icahn's advice was correct and that Apple was too tentative.
 
TallManNY said:
It should be trading for whatever it will trade for in the future. Anything else is the current market failing to correctly predict the future value.
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Same difference. The markets take into account everything known about a stock in current pricing, including anticipation of the future. Anyone who says a stock should be selling for something different right now, is simply engaging in a fantasy. Either that, or they believe they are wiser and more informed than the entire rest of the market combined (also a fantasy). Either way they should either act on that belief or keep their opinions to themselves. But as you and I know, the vast majority of posters here who comment on AAPL being either over or underpriced are not putting any of their money on the line.
 
CJM said:
It was rather low 6-8 months ago. I should have bought in.

Well really I've been saying that for years and never have. Even a couple of weeks ago it was 117.
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Yes, I bought a few a year ago and they've done very well. I should have bought a lot more!
 
dannyyankou said:
I can't help but notice that Yukari Kane, author of "Haunted Empire", has been quiet for a long time.

https://twitter.com/yukarikane
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Is she sleeping with the fishes?

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TallManNY said:
Yeah and remember when Icahn was urging the company to aggressively buy its own shares? And where are we today? Apple has more cash in the bank than it had a year ago, it still doesn't know what to do with the money, and it missed out on a 68% increase. Or remember folks urging the buybacks 4 years ago?

Yes, Apple has conducted the largest corporate share buy back in history. But as of right now it looks like Icahn's advice was correct and that Apple was too tentative.
Click to expand...

I agree with you there, though I have a feeling you will regret mentioning Icahn.
 
...... And climbing......


Full disclosure, I am currently holding a long position in AAPL.
 
We need to have a party here on MacRumors when Apple break the 1 Trillion market cap.
 
the8thark said:
We need to have a party here on MacRumors when Apple break the 1 Trillion market cap.
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While I think it will be a while until they reach the 1 trillion market cap, a party would be nice.

Can it be a shareholders only party?
 
If you factor in inflation, is this more than Microsoft's peak value in the 90's?
 
duaneu said:
Nice, I bought some shares when it was in the low 300's.
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Yeah, mid $200's here. I was nervous then...

The only thing I dislike about this pop is that it lessens the DRIP I get from the dividends payout tomorrow.

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the8thark said:
We need to have a party here on MacRumors when Apple break the 1 Trillion market cap.
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That day happens at $172/share. :eek:

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IJ Reilly said:
I agree with you there, though I have a feeling you will regret mentioning Icahn.
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I liked the work he did with those little pictures on the screens that represent programs.

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IJ Reilly said:
But as you and I know, the vast majority of posters here who comment on AAPL being either over or underpriced are not putting any of their money on the line.
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My favorite measure of a company's wealth is P/E ratio, and I'm comfortable with 16:1 ratio for tech companies.

AAPL has proven me right in the last 4 years (since I've been a shareholder), and that worries me that I'll become overconfident and think that I "know how this whole thing works". Every time that happens, I regret it.
 
for no double apple is sire when it come to IT, previously i was not a bog fan of apple but with the passage of time i should say that apple rocks now
 
JeffyTheQuik said:
That day happens at $172/share. :eek:
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Putting it like that, makes the $172 value looks rather achievable relatively soon if Apple keep going the way they are.

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IJ Reilly said:
Same difference. The markets take into account everything known about a stock in current pricing, including anticipation of the future. Anyone who says a stock should be selling for something different right now, is simply engaging in a fantasy. Either that, or they believe they are wiser and more informed than the entire rest of the market combined (also a fantasy). Either way they should either act on that belief or keep their opinions to themselves. But as you and I know, the vast majority of posters here who comment on AAPL being either over or underpriced are not putting any of their money on the line.
Click to expand...

Individuals are less knowledgable than the market I agree. But they are also less biased.
 
neuropsychguy said:
Other than my education, Apple stock has been the best investment I've ever made.
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By ROI %, buying Macromedia stock at $3 before they were bought out by Adobe was the best investment I ever made but after the 7:1 stock split my Apple stock is making me very happy!
 
Cycle_of_Market_Emotions3.png


Judging from this thread and general market commentary I would say we're squarely between "excited" and "elated".
 
Originally bought 140 shares and then another 20 way back when for a little under $14K. After the 2-1 and 7-1 splits I'm up 1,935% at the closing bell.

A believer I am.
 
JeffyTheQuik said:
My favorite measure of a company's wealth is P/E ratio, and I'm comfortable with 16:1 ratio for tech companies.

AAPL has proven me right in the last 4 years (since I've been a shareholder), and that worries me that I'll become overconfident and think that I "know how this whole thing works". Every time that happens, I regret it.
Click to expand...

PE is a measure of valuation, but even so, what the markets consider to be "right" for any given company is going to be based less on their sector and more upon their earnings growth rate, current and anticipated.

Nobody knows how the whole thing works. Even going down that road leads to madness. If you invest with your own objectives always in mind, and don't try to time or otherwise outguess the market, you will be a much happier investor.

AAPL investor since 1997, BTW.

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the8thark said:
Individuals are less knowledgable than the market I agree. But they are also less biased.
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Markets are a collective opinion, so by definition, they can't be biased.

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the8thark said:
Putting it like that, makes the $172 value looks rather achievable relatively soon if Apple keep going the way they are.
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That's 39% over today's closing. I think some of us are getting a little giddy.
 
Hate to bust your bubble, but it's not going to happen.

bawbac said:
Last surge before the collapse.
The Apple Watch will start a chain reaction of questionability about Apple products that people will go elsewhere for the same performance & experience at a lower cost.

Just like last time Steve left, it's only a matter of time before Apple kills his legacy.
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Steve's legacy lives as far as creative genius, but Tim Cook has managed better growth from Apple since Jobs' death. Doubt that? Check it out via the charts, or any financial reporting organization.

In fact just today, CNBC was discussing that very fact.

Are millions going to rush out & buy the watch on Day One? Probably not, and Apple isn't hanging the entire company's future on that either. Give it time!

Look at the hugely slumping Android sales this past quarter vs the increase in iOS. No contest & it's going to continue like that especially with Apple's cash reserves to do what they wish. :apple:
 
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