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Apple Stock Hits All-Time High on Earnings Strength
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With the recent market drop, this likely presents a good buying opportunity,
especially now that we're headed into the holiday quarter.
There's a lot more that can affect APPL.
- China Mobile getting NON-WLAN based iPhone's; more expensive than those imported from other countries that HAVE WLAN (due to restrictions recently lifted after manufacturing begun). HUGE opportunity missed and may hurt initial sales: leaving a BAD taste in the wallets of those on contract getting one there - and affecting future sales this summer/fall of 2010.
- Nokia patent infringement case (multiple patents) is going to be expensive and lengthy to affect users.
I'm sure there is more that'll balance it off. As the market picks up collectively and drops collectively, stock price is affected, also note there is a potential of a stock split - but this I have no clue on.
PS Does Apple Inc. offer a quarterly dividend?
AAPL is not only at a 52 week high, but an all time high. While it may be a good long term investment, the golden rule of really making the market is buying low, and selling high. Quote me on this: AAPL will see $150 again before it sees $300. Look at charts. Peaks and valleys. Unless you plan on buying as a momentum trade, only to tell off when it goes up another 5%, buying at the all time high of the stock is not a good idea.
Warren Buffet would never buy AAPL today.
Warren Buffet would never buy AAPL today.
The last time Apple paid out a dividend was on Nov. 21, 1995. ($ 0.03 per share)
They have had two stock splits since then.
Once on June 21, 2000 and then again on Feb 28, 2005.
They were both 2:1 splits.
Apple really wasn't much of an exciting investment prospect until the ipod and the return of jobs (the post 2000 era). You'll see that its really only been the last 5 or 6 years that made all of those people with AAPL in their portfolio (including myself) some really good and fast $$. Splits don't mean anything to the value of the company, only the price per share. They're basically a non-factor. Look at percentage growth over time.
Anyone THINKING about buying AAPL while its flirting with $200/share should look at this and stop pretending that throwing your money into AAPL is guaranteed to make you money: http://finance.yahoo.com/echarts?s=...=on;ohlcvalues=0;logscale=on;source=undefined
Wait for a valley, don't buy at a peak.
warren buffet also wouldnt chase girls down ocean drive only to meet them in mansion with buckets of ice cream nearby ready to be eaten...
soooo what point are you trying to make?
Actually, no. It's still below its high of what, two years ago? And Apple as a company is in a far stronger position now than it was then with iPhone and Mac sales on the rise and record profits every quarter, despite us being in the pit of the recession. One would rationally think its value should be higher now than it was at its previous peak back then.
This may be true, given the fickle nature of AAPL investors, but I have little doubt we'll be seeing $300. The company is on a roll, and momentum is building, not weakening.
Dear genius,
Please read the thread title. Thanks. All time high means all time high.
Love,
Everybody
Also, look at their P/E ratio. ~30 is pretty high if you're considering long term investments. Their fundamentals are in a little better shape, as I believe the last time they flirted with this high of a stock price, their PE was something more like 40. You have to realize that theres a lot more to their price than their fundamentals. The hype of the tablet is built in to their price. The hype of itunes TV subscriptions is built in to the price already.
I believe apple is an extraordinary company. But are they worth 30 times their earnings just to own a share?
Microsoft GAINED market share this past month with Win7. How does that bode?
By contrast, you could have bought ford last year for $1 and sold it yesterday for $7.50.
750% in a year? yes please.
Thats how you make money in the market, buying low and selling high. Buy AAPL right now if you want to feel some burn before you feel any pleasure.
Cramerica be damned.
Esteemed Einstein,
When you made your comment, AAPL had fallen well short of the high hit when the thread was started. One would assume commentary should be based on current information, even if it conflicts with the thread title. But hey, that's just me.
Don't forget the $30+ billion in cash. And the hype of the iPhone was built into the $200 price two years ago. Now that the iPhone hype has translated to solid sales and profits, you're just going to substitute "tablet hype" and "iTunes hype" to explain the $200 price, completely disregarding the iPhone's transition from hype to success?
Does not compute.
If wishes were fishes...
Probably. Owning AAPL is a roller coaster ride to be sure. That said, Apple still has a tiny share and a tremendous amount of growth potential in both mobile computing and desktop/laptop computing. Would I be buying right now at $200? Probably not. Will I be selling right now at $200? No way.
Now that AAPL is just about to reach the $230 level, it's fun to read some of the old posts.
Especially the ones stating that it's stupid to buy at such a high price as $200.
Especially the ones stating that it's stupid to buy at such a high price as $200.
Now that AAPL is just about to reach the $230 level, it's fun to read some of the old posts.
Especially the ones stating that it's stupid to buy at such a high price as $200.
Amen, the post talking about 52 week highs and chart shapes was especially stupid.
Don't forget that December '08 was around $78 to $80. That's just 1 year 3 months ago. Wish I had bought it then