Apple Stock Soared today!

Discussion in 'Apple, Inc and Tech Industry' started by benlee, Oct 23, 2007.

  1. benlee macrumors 65816

    benlee

    Joined:
    Mar 4, 2007
    #1
    Sorry if this was already posted...But I just wanted to point out Apple stock is up over $11 today. Is this the highest increase at market close for them?
     
  2. Brianstorm91 macrumors 65816

    Brianstorm91

    Joined:
    Sep 30, 2007
    Location:
    Cambridge, UK
    #2
    I'm pretty sure I read that this is the highest value of Apple stock ever, greater than that of IBM and of Intel I must add.

    Not sure about your question though, sorry.
     
  3. WildCowboy Administrator/Editor

    WildCowboy

    Staff Member

    Joined:
    Jan 20, 2005
    #3
    The rise actually occurred in after-hours trading yesterday after the earnings released. It actually dropped a couple of bucks from its opening today (and it's down another $2.50 in after-hours trading today). But yes, it's their highest close ever. Even the great AAPL plunge of 2000 is a mere blip in the stock chart now.
     
  4. CalBoy macrumors 604

    CalBoy

    Joined:
    May 21, 2007
    #4
    Ahh, if only I had had the money to invest in it back when it was $36...

    On the other hand, this speaks well for the company, and for the continual challenged to the "old" way of computing (Wintel). Apple is now more than ever a viable competitor, and this week's financial results along with this great increase in stock value, are testaments to that.
     
  5. IJ Reilly macrumors P6

    IJ Reilly

    Joined:
    Jul 16, 2002
    Location:
    Palookaville
    #5
    Probably not. The jump was less than 7%, which is a lot, but unlikely to be a record move. Seems to me it rose closer to 10% after last quarter's results. AAPL surpassing the market cap of IBM is interesting though.
     
  6. phroggie macrumors newbie

    Joined:
    Feb 22, 2007
    #6
    Why aren't people shouting about it...

    ...Apple's market cap is greater than IBM's!

    I thought it was just a fluke when it passed Dull's for a day. Then it blew past it. But then Dull is just an over glorified clone-meister.

    This time it's IBM.

    Wasn't it just yesterday when the doom-sayers were predicting that the IBM PC, IBM PC Jr and that Charley Chaplain clone were gonna drive Apple into oblivion? (Yeah, I know, IBM abandoned PCs long ago.)

    What was it that Michael Dell said about Apple?
     
  7. Brianstorm91 macrumors 65816

    Brianstorm91

    Joined:
    Sep 30, 2007
    Location:
    Cambridge, UK
    #7
    "What would I do? I'd shut it down and give the money back to the shareholders."

    :apple:
     

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