Apple Stock Price Marks All-Time Closing High Ahead of New iPhone Rollout

MacRumors

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Original poster
Apr 12, 2001
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Apple's stock price closed at an all-time high of $636.34 today, passing the prior all-time closing high of $636.23 set four months ago on April 9th. The next day, April 10th, the stock hit an intraday high of $644 and the company's market capitalization breached $600 billion before falling back. Apple's stock price is up nearly 60% on the year, outperforming the NASDAQ by more than 3:1 and the Dow Jones Industrial Average by more than 6:1.




Growth in Apple's stock had been slightly weaker for the past month in the run-up to weaker-than-expected earnings for the third quarter, but new reports of a September launch for the next iPhone as well as a smaller, cheaper iPad Mini have been pushing the price higher.

All shareholders of record as of Monday's close also received a cash dividend of $2.65 per-share today, the first dividend payment to Apple shareholders since December 1995.

Article Link: Apple Stock Price Marks All-Time Closing High Ahead of New iPhone Rollout
 

mrtravel123

macrumors regular
Aug 9, 2007
198
2
Let the stock keep climbing. More growth is coming.

The poor quarter is only because of the delay in the iPhone. Nothing more. Apple is still a great investment.
 
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mertyz

macrumors regular
Sep 21, 2011
197
3
And some people were thinking they would never beat their best :)
 
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JDee

macrumors 6502a
Aug 31, 2008
535
11
Ireland
It can only stay that high for so long. There is an end to every good thing. Of course it won't rocket down - it just can't get much more expensive.
 

portishead

macrumors 65816
Apr 4, 2007
1,114
2
los angeles
It's great that a lot of passionate Apple users own stock in the company, but remember, that doesn't give you any entitlement to pretend like they owe you anything individually or need to listen to your opinions. Like starting out a post with "As a stockholder...". Other than that rant, I am glad Apple is doing well.
 

basesloaded190

macrumors 68030
Oct 16, 2007
2,693
5
Wisconsin
Let's not get ahead of ourselves here. The only reason it's up this high is because the overall market is up on better news from Europe.
 

jlgolson

Contributing Editor
Jun 2, 2011
379
4
Durango, CO
It can only stay that high for so long. There is an end to every good thing. Of course it won't rocket down - it just can't get much more expensive.
Why not? It's trading at a very reasonable sub-15 P/E. Google is trading near 20. Could easily rise to 20 or 25 or an even higher P/E, not to mention we will see a big rise in earnings this year.

Correction.

Steve would of let this happen. :apple:
Correction. Steve would have let this happen.
 

KdParker

macrumors 601
Oct 1, 2010
4,793
992
Everywhere
Well that is just great, but apple hasn't even told when we can pre-order or sent out invitations fore the media event yet.

Why would stock soar now?
 

Anti-Lucifer

macrumors 6502a
Mar 9, 2012
776
2
those that think this has anything to do with any news of any sort are out of your mind. The stock market is a legal gambling casino. There is no ifs ands or buts about it. It makes no sense in regards to stocks going up or down except the rich people who dump money to buy and sell owns all of you.

It's just like gas prices - there is no rational explanation for it's increase or when it falls down in price if at all.

Stock market is played by every rich million and billionaire on this planet - which includes many billionaire chinese investors (aka gamblers) as well.
 

VinitaBoy

macrumors newbie
Dec 2, 2007
12
0
Easily Answered

Well that is just great, but apple hasn't even told when we can pre-order or sent out invitations fore the media event yet.

Why would stock soar now?
Because veteran market traders buy on RUMOR and anticipated sales, not NEWS and actualized sales figures.
 

lifeinhd

macrumors 65816
Mar 26, 2008
1,389
7
127.0.0.1
Haha, I read the headline and freaked out for a minute, thinking "what??? They intro'd the new iPhone and I missed it?????"

lol
 

ngenerator

macrumors 68000
May 12, 2009
1,835
0
USG Ishimura
those that think this has anything to do with any news of any sort are out of your mind. The stock market is a legal gambling casino. There is no ifs ands or buts about it. It makes no sense in regards to stocks going up or down except the rich people who dump money to buy and sell owns all of you.

It's just like gas prices - there is no rational explanation for it's increase or when it falls down in price if at all.

Stock market is played by every rich million and billionaire on this planet - which includes many billionaire chinese investors (aka gamblers) as well.
Yep