Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Apple Stock Price Touches $400 During Standard Trading
- Thread starter MacRumors
- Start date
- Sort by reaction score
He said that Apple should give the money back to their shareholders and well... They did.
Well depends if he said that as a shareholder?
In which case that humble pie comes with a big side of cream.
here's the latest financial experts suggestions (as of 7/20, after the release of the latest of aapl earnings):
7/20/2011 Deutsche Bank Reiterated Buy 500
7/20/2011 Barclays Capital Reiterated Overweight 515
7/20/2011 Canaccord Genuity Reiterated Buy 510
7/20/2011 Wedbush Reiterated Outperform 510
7/20/2011 RBC Capital Mkts Reiterated Outperform 500
7/20/2011 Oppenheimer Reiterated Outperform 460
7/20/2011 Ticonderoga Reiterated Buy 666
7/20/2011 ISI Group Reiterated Buy 480
my guess is that appl will go well beyond $430 when next phone is released or when holiday season results (Q1 for aapl, i think) comes out. The only thing 'bad news' i see is apple's own guidance for next quarter and their ability to out do themselves (the last earnings were quite amazing)... but they always seem to under estimate and over deliver.
.
http://en.wikipedia.org/wiki/Ipod - The only reason Apple is still relevant today.
Nope, not really.
Or how about: why did I sell at $150! I guess back then an easy 15K seemed too good to be true, now I feel like an idiot.
You should have just grabbed a few with your pocket money!
I got a bunch back she they were $70 but I always wish I had bought some back when they first went public! As they say, hind-sight is always 20-20. However, even buying three years ago they are way ahead of the stock market so that's good AAPL will reach 1,000 one day
Last edited:
It doesn't matter. Sometimes stocks are split to lower the price in hopes to entice people to buy shares causing the price to increase. I bought shares of AMX a few years ago cause I heard that it may split. Well three years later (earlier this month), they finally did a 2:1 split. So now I have twice as many shares, at half the price each. Now I just need more investors to push the price up.
For anyone feeling left out, if you have a 401k with large cap investments, you most likely own "shares" of AAPL.
I have made enough profit to buy myself a new Macbook Pro over the last 2 months, but it's wiser to buy more stock than electronics that depreciate
There are trustworthy brokerage accounts with trades for <$9. That's $18 total in fees. You could purchase 1 stock, and net $12 (although, it's probably not worth the trouble in that case). The more stocks you buy, the better your return.
Yeah, I kept telling myself to buy Apple stocks back in the 90s (I was a teenager and the brokerage fees were much higher than today). Thanks for the correction, I forgot that Apple split since then; they haven't for a lot of years now.
Even though Apple's stock is fairly expensive, their P/E ratio is 15.X, which is awesome for a tech stock. It's higher than you'd traditionally want but it's still very good, particularly for such a hyped company as Apple.
Touched $404 briefly
Broke through the $400 barrier. I guess all those sell limit orders were fulfilled, and AAPL just kept on sailing ahead.
How much longer until Apple exceeds Exxon as the world's most valuable company? My guess is somewhere between the next iPad release (probably CYQ1 2012) and the end of 2012.
It might even happen sooner than that. Apple's market cap is roughly $370B now, and Exxon's is roughly $412B. And guess whose market cap is growing faster...
Broke through the $400 barrier. I guess all those sell limit orders were fulfilled, and AAPL just kept on sailing ahead.
How much longer until Apple exceeds Exxon as the world's most valuable company? My guess is somewhere between the next iPad release (probably CYQ1 2012) and the end of 2012.
It might even happen sooner than that. Apple's market cap is roughly $370B now, and Exxon's is roughly $412B. And guess whose market cap is growing faster...
Analysts say a stock split does not matter but they do not know what they are talking about! The numbers are the same but from a psychological point of view people tend to buy more shares. For some reason people buy more shares before a split and people will also buy more shares if the price of 1 share is cheaper. The stock market is not always based off of numbers that add up a lot of it is emotion, Wall Street titan favorites, industry politics, and those jumping on the band wagon. Blue Horseshoe loves Anacott Steel!
Also, most personal investors have a set amount of money they can invest in stocks, and if a stock price is lower, you have more flexibility and opportunity to diversify. But if you're only buying Apple stock, then splits don't really matter outside of whether your investment amount is divisible by the share price or not.
Sweet! I hope it doesn't split. Keep the price high! Reminds me of another little tech company who's stock price hovers around 600!
Are you seriously quoting financial 'experts' on here? Can you name a single one or a time when any of them have got anything Apple related correct, never mind accurately predicted Apple's future fortunes?
Please share some more of your financial wisdom, we're all ears!
iPod was just the beginning that made Apple visible and cool. But total iPod sales actually represent just 5% of Apple revenue today. So I'm curious where you get your information from.
And if the whole world does like a company's products, that actually does mean that company's fortunes will rise as a result, and therefore their stock price. So it's clearly THE best reason to buy - at the right time.
I was advising people to buy on 17 April 2003 when the price was at 6.56! I remember it very well. What I can't remember now is what made me make the prediction that very day.
Many of the important indicators were in place: iMac G3 had just been replaced by a very very different iMac G4, iPod was doing well, but iTunes Store hadn't yet opened. OS X was a significant improvement on OS 9 and a massive improvement on Windows.
I had a Titanium PowerBook G4 that drew admiring attention whenever I used it in public. It even got me dates! That was interesting - a computer that attracted women! I knew Apple was onto something. When doing something as geeky as working on a laptop is sexy, the sexiness has to be coming from somewhere. I decided it was from Cupertino. Turns out I was right.
The stock price was at that time undervalued in my opinion. It was ready to rise. It doubled within a year, doubled again and kept going until the 2007 crash, and rode the recession far far better than any of the other tech companies.
What we're seeing today is a perfect storm, a coming together of so many individual factors and well planned decisions by Apple, that it's difficult to list them all.
They have been gifted a terrible opposition though. MS have been utterly clueless for the past 10 years under the direction of Ballmer. All the other Windows PC manufacturers have stuck with the same basic 19th/20th century model, whilst Apple have used every tool at their disposal so very very well.
500 is an easy reach for the price as long as the trajectory continues to rise in the same way it has thus far. But success is based on many factors. Satisfied customers tend to tell X number of people they know. As the number of satisfied customers rises, that X number will multiply logarithmically. If the X factor is only 3, the prospects for future growth are exponential.
One important factor in Apple's favour right now is the Chinese market, which could be responsible for a doubling in sales - all on its own.
Many people are pointing to Microsoft's rise in the early days of personal computing and [wrongly] predicting they will repeat the process. They won't because they are not innovators, and the climate that allowed Gates to buy his operating system on the cheap and sell it via a deal with IBM that was so bad it must go down in history as one of the worst ever, cannot be repeated. Also today, there is far less ignorance to exploit, the market is far more consumer driven, and they have no answers that people want to trust.
What we know today is that all past models in the tech sector are useless, due to these two factors alone: China and Apple. There has never been a market the size of China's before, and there's never been a company like Apple before.