Apple's Stock Price Rises Above $160 Mark to Set New All-Time High

[MacRumors]

Apple shares are currently trading for between $161 and $162, eclipsing the $160 mark for the first time ever and setting a new all-time intraday high. The nearly 2 percent rise in Apple's stock price gives the company a market valuation of around $835 billion on its path to becoming a trillion dollar company.

Apple's previous all-time high in intraday trading was $159.75, set after its third quarter earnings results beat expectations. Apple's record close is $157.14, which could be topped today after less than one week. Conversely, Apple's 52-week low is $102.53, set September 12, 2016, five days after its iPhone 7 event.

With focus shifting to the so-called iPhone 8 upgrade supercycle expected later this year, AAPL price targets range between $140 and $208.

Article Link: Apple's Stock Price Rises Above $160 Mark to Set New All-Time High

 

[826317]

Those Apple employees who are due a fixed number of shares will be happy about this!

 

[dannyyankou]

I’m sure the HomePod leaks helped.

 

[scrapesleon]

I see it hitting 180 this time next year

 

[0003939]

In before "Apple is doomed" comments.

 

[Dave245]

But I thought Apple was doomed and Tim Cook should be fired because he's no good for Apple

 

[0003939]

I see it hitting 180 this time next year

Possibly $200 too?

 

[MacFather]

Deleted.

 

[0003939]

But I thought Apple was doomed and Tim Cook should be fired because he's no good for Apple

"Apple died when Steve Jobs died. Tim Cook should be fired as CEO!"

 

[Kaibelf]

Those Apple employees who are due a fixed number of shares will be happy about this!

I'm happy about this, and I don't work there. I guess the pundits here on MR who claimed that Apple's on the ropes and Tim is leading the company into oblivion because of the lack of a new Mac Mini might not be expert CEOs in waiting after all.

 

[Dave245]

"Apple died when Steve Jobs died. Tim Cook should be fired as CEO!"

Don't forget the "iPhone 8 will flop" wouldn't want to miss that one

 

[IJ Reilly]

Possibly $200 too?

Possibly $500! But probably not.

 

[44267547]

Timothy Donald Cook is such a underrated CEO.

Cooks achievements and making Apple the most profitable company in the world. Here are some Cook statistics:

The iPhone installed base has grown by 500M users.

The iPad installed base has grown by 175M users, sales have increased by 15%.

The Mac installed base has grown by 50M users.

Apple introduced Apple Watch, the company's first wearable product. Approximately 18M Apple Watches, a device positioned as an iPhone accessory, have been sold to date.

Apple is earning more than $6B per year of revenue through app sales via the App Store.
Apple successfully made the difficult jump from a paid music download model to streaming and is approaching 20M paying Apple Music subscribers.

Apple continues to push forward with Apple TV. The company is approaching 10M units sold since the device was updated in 2015. Apple continues to develop key services including Apple Pay, Messages, and Maps.

https://www.aboveavalon.com/notes/2016/12/6/milking-the-iphone

 

[69650]

I wonder if Apple are buying back their own shares again.

 

[OldSchoolMacGuy]

Glad I bought back when it was ~$3 a share.

 

[BruceEBonus]

Logic doesn't come into it where Apple shares are concerned. Best not to think too deeply as to why. However pride comes before a fall. And Fall comes in a matter of weeks. Whether this speculation and conjecture is misguided will all be revealed soon. Until then if you're a Apple Share owner be very smug- albeit in a very bewildered manner. If not then just act bewildered anyway.

 

[ArtOfWarfare]

My stock portfolio is up 15% in 3 months.

Pretty sure I'm doing better than Warren Buffet at this whole stocks thing.

(Of course, I'm basically just gambling, so I only have $533 worth of stocks that I personally manage. One stock of AAPL. One stock of TSLA. Feels better to own them than to say, "Darn, I knew that'd happen, I should have bought some stock.")

 

[kyleh22]

My stock portfolio is up 15% in 3 months.

Pretty sure I'm doing better than Warren Buffet at this whole stocks thing.

(Of course, I'm basically just gambling, so I only have $533 worth of stocks that I personally manage. One stock of AAPL. One stock of TSLA. Feels better to own them than to say, "Darn, I knew that'd happen, I should have bought some stock.")

Buffets made Billions on Apple as of recently.

 

[krause734]

They can't ride Steve's innovation forever. Let's see some new developments! Thinner and faster is getting old.

 

[44267547]

They can't ride Steve's innovation forever. Let's see some new developments! Thinner and faster is getting old.

They're not riding Steve Jobs Innovation anymore, because Steve Jobs is gone and he doesn't need to be compared to Cook for everything either. You make it sound like Apple products are nothing more then a superficial shell casing that has nothing else
To offer. Both their hardware and software is superior, and that's what Apple does best. They don't have to be the first to release the latest technology, but they usually are the first to refine it in their own unique way.

 

[IJ Reilly]

Thinner and faster is getting old.

Thinner and faster never gets old.

 

[CJM]

Right, I'm definitely buying during the next dip. Though I imagine that'll be only as low as $150.

 

[Rogifan]

They can't ride Steve's innovation forever. Let's see some new developments! Thinner and faster is getting old.

What is thinner and faster about ARKit?

 

[Bonte]

I see it hitting 180 this time next year

Even 340 would seem normal for a company like Apple, but the stock business is a gambling business.

 

[DCJ001]

I see it hitting 180 this time next year

I see it hitting 180 this time next month.
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In before "Apple is doomed" comments.