Apple's Stock Approaching $500 Mark After Becoming $2T Company

[MacRumors]

Just two days after becoming a $2 trillion company, Apple continues to experience impressive momentum on the stock market, with shares in the company rising around four percent in intraday trading as of writing.

Apple's stock price is quickly closing in on the $500 mark and has more than doubled since bottoming out at $224 in late March. Despite the global health crisis, the company set a June quarter revenue record of $59.7 billion, buoyed by strong Mac and iPad sales as more people work, learn, and connect with others from home.

Apple recently announced a four-for-one stock split that will take effect for shareholders of record as of August 24, with split-adjusted trading to begin on August 31. This move will not directly affect the company's valuation.

Apple is one of several companies that has seen its stock price surge since March, alongside the likes of Tesla, Amazon, Microsoft, and Google.

Article Link: Apple's Stock Approaching $500 Mark After Becoming $2T Company

 

[Scipster]

This is.... EPIC!!

Good job Apple!

 

[newyorksole]

Unreal. And a split on Monday. Let’s goooo.

 

[omenatarhuri]

Man, I remember when it was 700 last time and thinking that it's too big to grow

 

[Red Oak]

Biggest Ponzi scheme on the planet. Steve would be proud.

You're a member here since 2012 with over a thousand posts but never bought any Apple stock? Very sad

 

[JosephAW]

I remember back around 1997 when SJ came back someone asked me what tech stock to buy. I told him SJ is back apple's stock should double now from $14 a share. He bought $1000 worth then.

 

[TheYayAreaLiving 🎗️]

This is amazing!!!!

 

[IllIllIll]

Biggest Ponzi scheme on the planet. Steve would be proud.

Looks like someone is regretting not buying AAPL when it was $100/share.

 

[Baymowe335]

Biggest Ponzi scheme on the planet. Steve would be proud.

Learn about stocks and try again.

 

[AngerDanger]

Wow, it doubled in five months!

Biggest Ponzi scheme on the planet. Steve would be proud.

Oh, ****, my iPhone!

 

[Baymowe335]

The story is playing out as I hoped when I bought the shares all those years ago.

Hope you guys listened all those times I told you the numbers tell the story. This one wasn’t hard.

 

[PBG4 Dude]

Looks like someone is regretting not buying AAPL when it was $100/share.

I regret not buying them in 2002 when they were trading around $12-$14/share. That was before the 7:1 and 2:1 splits, so that would be a split adjusted cost of ~$1/share today. :-(

 

[Neepman]

Looks like someone is regretting not buying AAPL when it was $100/share.

I bought at 81 , I ain't complaining. Except about the current crop of products....

 

[GigabitEthernet]

It's absolutely nuts, Apple is making me rich!

 

[eoblaed]

Biggest Ponzi scheme on the planet. Steve would be proud.

Oh, ****, my iPhone!

View attachment 946338

It's like the Thanos-snap of the modern tech world! Hope my phone doesn't vanish like yours!

 

[MacFather]

The greatest turnaround in business history.

 

[IllIllIll]

I regret not buying them in 2002 when they were trading around $12-$14/share. That was before the 7:1 and 2:1 splits, so that would be a split adjusted cost of ~$1/share today. :-(

So do I. Didn't get in until 2007 at a split-adjusted price of $17.1786/share. Looking forward to 8/31 when the next split will net me 30000 shares from that initial 2007 investment.

 

[jerryk]

I first bought in the 90s on a whim. Working in Cupertino then in an ex-Apple building. We had ex-Apple employees that had options priced higher than the going market rate at the time, $14 or so. Lots of jokes at the office about using stock certificates as toilet paper.

 

[macmyworld]

What goes up...must come down. If you are enjoying the run up, pick a spot to take some money off the table.

 

[IllIllIll]

What goes up...must come down. If you are enjoying the run up, pick a spot to take some money off the table.

Good advice, but not until after the split

 

[bpeeps]

Good advice, but not until after the split

Are you dumping stock after the split? I bought when it hit $250 in March, then it kept going lower and I was like uh-oh what I have I done!

 

[Thomas Hogan]

I started buying Apple stock in the 1980s after Jobs was fired and the stock tanked. I have a publishing company and all my graphic artists used (and still use) Macs, and they would quit before switching to anything else. With that sort of loyalty I figured the stock was worth a lot more than the couple of bucks it was trading for at the time. I've done very well with the stock, and every time my advisor suggests I take some money off the table I say NEVER! Just wish I had bought a lot more.

 

[Eagle-Eye]

Bought 1000 shares on my son's first birthday in April 2003 for about $1000.. thanks Steve and Tim..

 

[djcerla]

The P/E ratio is simply catching up with sector averages after decades of horrible underappreciation.

 

[IllIllIll]

Are you dumping stock after the split? I bought when it hit $250 in March, then it kept going lower and I was like uh-oh what I have I done!

Hell no, I'm holding on to it. I don't see any reason to sell right now or anytime in the near future. Also, I don't want to take the capital gains tax hit if I take profits. Don't need the extra cash right now.