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Apple's Stock Price Breaches $600 for First Time in 18 Months
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I noticed this earlier today. It is a nice round number to hit. Doesn't seem over priced at all. I'm looking forward to that dividend in a few days as well. It is just a bit, but it has a greater psychological effect on me than stock price gains. It is irrational, I know, but I like making gains through reinvested dividends. Because then I own "more".
I didn't check how the markets did today, but given that AAPL goes ex-dividend on Thursday, some of this action could be related to the payout.
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Not sure I understand your point.
Splits are fundamentally of no real importance. The only type of investor who might be affected is one who couldn't afford to buy even a single share at the pre-split price. Imagine how influential that sort of investor is on the market. A drop in the ocean.
Wasn't there a time when you had to buy 100 shares minimum at a time? These days, can't you buy just 1 share if you want? Otherwise, I don't see how splitting AAPL will "make it more affordable to small investors". Berkshire-A I can see splitting, since it's $189,000 per share.
It's curious they decided to split stocks right after WWDC, seems like they are positioning themselves for a potential stock boosting announcements. That, coupled with the affordability of the stock, should be quite a climb ahead IMO.
You never had to buy round lots, but it was difficult (and more expensive) to buy and sell odd lots (meaning, anything not held in multiples of 100). Now with all electronic trading, this isn't an issue.
Even BRK didn't split; BRK.A is currently going for nearly $190,000/share. They did introduce a secondary issue (BRK.B) that is priced now at just over $125.
Yeah, I agree totally! I mean it's only reasonable to expect revolutionary product innovations every thirty minutes or so from Apple, since all other companies has done so much more than Apple when it comes to product innovation.
$190,000 a share! I corrected my previous post.
Yes, the 100 share round lot thing. That was a good reason for stock splits in the past, but splits continue even though it's not relevant anymore.
Yes, the 100 share round lot thing. That was a good reason for stock splits in the past, but splits continue even though it's not relevant anymore.
Hmm. Pay rent this month or buy one Apple stock...potentially become next Wolf of Wallstreet...
Hmm.
Hmm.
Don't be so sure you little Universe Traveler.
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Get ready. The price is going to move North quickly once selling commences after the split.
The above is the authors hypothetical opinion.
I do think the split is being timed for some WWDC-related announcements, but it's hard to say exactly. I can imagine Apple announcing the iWatch to developers at the conference so they can get started on software for it before release next fall. I can also imagine Apple not doing any such thing and approaching a few selected developers (Nike) under NDA, though that's probably already started happening regardless.
Or who knows, maybe Apple just feels like splitting the stock.
It is nice to see AAPL over $600 again.
Also, am I wrong, or did Tim Cook hint that we'll actually see more than one new product category or service this year?
Or who knows, maybe Apple just feels like splitting the stock.
It is nice to see AAPL over $600 again.
Also, am I wrong, or did Tim Cook hint that we'll actually see more than one new product category or service this year?
One of the stocks that shows off how stupid markets are. Compare Twitters market value/income ratio to Apples. Apple on the other hand are cranking out the coin each quarter, yet without constant demonstration of growth the analysts moan. It's astonishing that the stock dropped back so low as it did recently and only when Ichan invested for it to start jumping back up.
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u know mate, these whiners should work in proper R&D
i find it disturbing that most of these probably sit in some dark, basement room and moan every few mins about innovation
Whoever bought below $400 last year is sitting pretty right now, and with more expected gains, it'll only get better.
I do like where Apple is going, into the medical field. It's a huge field that (surprisingly) computing has left largely untapped. There's just so much to do here, especially in an age when smart devices are becoming so small and convenient to carry.
I think it's building up to an "iPhone moment" where I think "Why haven't anyone done it like this before, it's so obvious?" Can't wait for the next-gen EarPod and iWatch presentations. If Apple also don't delay these launches too much more, Google & Samsung will have no way of catching up since they don't seem to be in this field... yet. Google is closest with Google Glass but it's still not nearly the same thing since it doesn't actually interface with health. So if Apple doesn't mess things up, they WILL get a quite impressive exclusive here. It's not just a form factor or user interface Samsung can copy and Samsung Gear may look conservative in comparison. I think their stock is reacting to this now, as the situation is starting to sink in among investors.
I think it's building up to an "iPhone moment" where I think "Why haven't anyone done it like this before, it's so obvious?" Can't wait for the next-gen EarPod and iWatch presentations. If Apple also don't delay these launches too much more, Google & Samsung will have no way of catching up since they don't seem to be in this field... yet. Google is closest with Google Glass but it's still not nearly the same thing since it doesn't actually interface with health. So if Apple doesn't mess things up, they WILL get a quite impressive exclusive here. It's not just a form factor or user interface Samsung can copy and Samsung Gear may look conservative in comparison. I think their stock is reacting to this now, as the situation is starting to sink in among investors.
having a "successful" phone means jack squat in a market that is 150% over saturated with smart phones.
Mobile will continue to plateau, because everyones phone is already "good enough" for texting and the "app of the month"
too bad Apple is betting the farm (57% profits) on flat lining tech
Yes, but when to sell?
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Only 2 to 3 billion people have phones. I thinks the goal is 7 - 8 billion. For Google for sure. There is lots of room to grow.
Smartphones are replacing computers and maybe even tablets as the way to get on line.
Anything under $800 is a no-brainer. With the Asians' love of big screens and Apple releasing a 4.7" iPhone in Sep and a 5.5" in March (IMO), Apple will sell 150-180 million iPhones over 6 months. That's right, at-the-minimum 150 million. Forget about any other new product or service for a second. Just on iPhone growth alone Apple will earn $8 a share in fiscal 2015. Analysts will never understand the pent-up demand for a bigger iPhone until the numbers come out. By then Apple will be $120/share and still undervalued. They'll still only trade at a multiple of 12 ex-cash.
Companies don't spend $70 billion on buy-backs if they think their stock is 20-30% undervalued.
Companies don't spend $70 billion on buy-backs if they think their stock is 20-30% undervalued.