Apple's Stock Price Reaches New All-Time High

[chmania]

No thanks.

You wanted the bells and whistles...

 

[Spinarelo]

If the stock prices could be easily explained, we would all become rich (or, actually, nobody would, because if prices could be predicted, there would be no chance of arbitrage).

Essentially, the market (that is, a chunk of big investors who move the market) thinks that Apple can still grow its profits in the near future, the iPhone sales being only one of the factors why they think so.
Whether they are right or wrong, nobody can know. Also, these oscillations are often provoked by those seeking a very short term gain, trying to buy low and quickly reselling high.

To add to this.... It doesn't really matter if they are right or wrong....Market makers/movers will just take any profits from the stocks inflation before it drops (they will be the cause of the drop with high volume selling)....Leaving retail investors holding the bag.... Wash rinse repeat

 

[danny842003]

And yet Apple’s software is at an all-time low in terms of quality control and user-friendliness.

Tim Cook is at an all-time high in terms of mediocrity and lack of innovation.

Really I haven’t noticed any unfrendliness, is it possible you’re being hyperbolic?

 

[victorvictoria]

That’s the thing: I haven’t used them in a few years, so I no longer have the hands-on experience that drove me to the Apple ecosystem and no updated knowledge about whether they’re now superior. I stay because the experience is good enough to keep me from considering switching back. I’m sure I’m not the only person like that.

Preaching to the choir. For ease of use and reliability, you can't beat a company that makes the OS, the hardware, and tightly integrated apps. And a sea of other apps that have passed inspection in the app store. The Windows/Android market is so fragmented that it's sometimes even hard to know who to call if support is needed.

 

[code-m]

It’s so funny to me how tech bloggers and some finance bros keep mentioning how Apple is behind on AI and it never seems to matter. AI has its uses in enterprise but most people just don’t care about it. I’m a fan of tench, certainly not a deeply invested kind, but I like it as a hobby and I barely use AI because it’s not that useful. It seems pretty clear it’s a bubble whereas Apple keeps making solid hardware that sells.

AI is the new social media fad. Just like social media was hyped to revolutionize everyday life (some better but mostly for the worse) for the average folk so is AI being promoted to do the same. Except it will just be another add-on to the internet like social media, IoT, etc.

People still need hardware devices and stable software (preferences aside) to access the internet and capture special moments and relive them by listening and watching those special moments. Unlike AI it’s helpful in some instances but mainly a distraction (one could say iPhone is a distraction but it’s debatable).

 

[CoMoMacUser]

Preaching to the choir. For ease of use and reliability, you can't beat a company that makes the OS, the hardware, and tightly integrated apps. And a sea of other apps that have passed inspection in the app store. The Windows/Android market is so fragmented that it's sometimes even hard to know who to call if support is needed.

Right. One major reason why I switched to the iPhone about four years ago is OS updates. With Android, you're at the whim and mercy of the device vendor and mobile operator. (I had a Nexus and then a Galaxy.) If your Android is too old for them to invest the time and money to continue supporting, then slowly you lose apps as developers start requiring the new OS for security and other reasons. I don't know if the Android ecosystem has narrowed the gap in this regard.

 

[Neil J. Squillante]

A good reason to always manually verify when it comes to ChatGPT responses. In yours, it is saying that 2 x 2 x 2 x 7 x 4 = 112, incorrectly. I mean just take a calculator and you will see that equals 224. And if you Google, there are a bunch of credible news stories confirming that 1 share of Apple stock before any splits = 224 shares nowadays.

Yes I always do for mission critical information and even here corrected quickly (not that this forum is unimportant — it helped me choose a MacBook Pro over a desktop earlier this year). I have lectured countless people, including in this forum, about relying only on primary sources and never on secondary sources. This is why the firsthand accounts in the forums are so helpful.

EDIT: Oops, I missed your follow-up replies before commenting this!

Thanks Joe!

 

[Graphate]

Yes, Apple is behind in AI. And last time AAPL was this high it was coasting on Apple Intelligence hype.

As soon as that was exposed it plummeted.

[…]

You might, or might not, come away with a different opinion if you take a look at the Apple Intelligence announcement, developer beta, release, and stock peak and crash. Other stocks crashed too like MSFT, so there could be another explanation for the crash.

 

[chmania]

Right. One major reason why I switched to the iPhone about four years ago is OS updates. With Android, you're at the whim and mercy of the device vendor and mobile operator. (I had a Nexus and then a Galaxy.) If your Android is too old for them to invest the time and money to continue supporting, then slowly you lose apps as developers start requiring the new OS for security and other reasons. I don't know if the Android ecosystem has narrowed the gap in this regard.

Are four yearly upgrades enough, considering how rapidly technology evolves these days?

 

[CoMoMacUser]

Are four yearly upgrades enough, considering how rapidly technology evolves these days?

For some users, sure. I would still be using my 11PM if it didn't develop a firmware bug that required me to replace it with a 15PM last year.

That also highlights the hardware aspect: In my experience, Apple batteries have longer service lives. My 11PM was still over 90% after three years. Even my OG iPad still holds a charge like when it was new, although of course there's not much I can use it for these days.

Apple isn't perfect, but overall I'm pretty satisfied.

 

[IJ Reilly]

To add to this.... It doesn't really matter if they are right or wrong....Market makers/movers will just take any profits from the stocks inflation before it drops (they will be the cause of the drop with high volume selling)....Leaving retail investors holding the bag.... Wash rinse repeat

The takeaway for the individual investor is, ignore the market movers and makers, and your lizard brain. All of them will mislead you into making bad decisions. Your goal is to be an investor, not a trader. Buy, hold, diversify. These are the not-secrets to successful investing. Do this, and you will never be caught holding any bags, except of money.

 

[chmania]

For some users, sure. I would still be using my 11PM if it didn't develop a firmware bug that required me to replace it with a 15PM last year.

That also highlights the hardware aspect: In my experience, Apple batteries have longer service lives. My 11PM was still over 90% after three years. Even my OG iPad still holds a charge like when it was new, although of course there's not much I can use it for these days.

Apple isn't perfect, but overall I'm pretty satisfied.

While you were using that 11 Pro Max, you didn't use an Android phone simultaneously, so you can't really compare the difference, can you?

 

[Neil J. Squillante]

The biggest takeaway from this thread Is that @Joe Rossignol and I and probably others turned to an AI chatbot and not Google Search to answer @vartanarsen’s question. Exhibit A as to why Apple needs its own AI text chatbot called Apple Intelligence, not just a voice assistant. The default interface of every AI chatbot is text, not voice. It’s still early. All those Meta hires demonstrates how much AI talent Apple already has. I’m sure Apple is also aggressively recruiting.

 

[cutlub]

Genuinely curious: if money were no object and you were forced to pick, would you rather have Tim or Mark as your boss?

 

[code-m]

The takeaway for the individual investor is, ignore the market movers and makers, and your lizard brain. All of them will mislead you into making bad decisions. Your goal is to be an investor, not a trader. Buy, hold, diversify. These are the not-secrets to successful investing. Do this, and you will never be caught holding any bags, except of money.

Don’t forget Uncle Sam will be right by your side demanding some taxes to pay on those bags of money 🤭

 

[CoMoMacUser]

While you were using that 11 Pro Max, you didn't use an Android phone simultaneously, so you can't really compare the difference, can you?

Only in the first several months after switching from the Galaxy S8 to the 11PM, until one got an OS upgrade.

 

[WebHead]

You might, or might not, come away with a different opinion if you take a look at the Apple Intelligence announcement, developer beta, release, and stock peak and crash. Other stocks crashed too like MSFT, so there could be another explanation for the crash.

How about the announcement of delayed features? I distinctly recall the slide coinciding with the realisation the emperor had no clothes (and I was skeptical from the start that they could turn around Siri that quickly after a decade of inertia).

Still, maybe it was a confluence of factors, or just coincidence.