I sold mine August 2015. I'm fairly disappointed in myself for Not thinking long term. But Glad to see it's rising and doing well.
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Apple's Stock Reaches its Highest Price Ever
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I sold mine August 2015. I'm fairly disappointed in myself for Not thinking long term. But Glad to see it's rising and doing well.
The normal convention when referring to such things is to do so in split-adjusted terms. So there isn't really a need to clarify that a single share of the stock might have actually sold for a higher dollar amount at some point in the past, e.g. before a stock split.
In terms of market cap? Microsoft never reached a higher market cap in absolute dollar terms, but on an inflation-adjusted basis it did reach a higher market cap.
Apple has itself had a higher market cap than it does now. But it's returned over $90 billion to shareholders since that time. That returned capital plus its current market cap would be higher than its market cap from about 2 years ago.
My parents still love bringing up that they wish they took my advice when I told them to buy 1k shares when it was at a low in the late 90s around ~$16. That would be worth $3.7 million now.....
Apple is slowly becoming the type of company that Steve used to criticize years ago when he announced a new product.
actually, no, as stated in the article, the last time they hit an all time high was at 133.29 (split *7=933) in 2015 (after the split yes, but the stock split is usually calculated in automatically in charts and performance comparisons). I never remember the stock reaching over $800 (and that's just a guess how high it might've gone). The split happened at closing at $645.57 opening at $92.
And remind me: which of those companies had an in-house chip design with double the performance of the nearest competitor? Mapping services, cloud services, their own OS, and industry standard creative applications?
If most of the posters here had an ounce of vision to look beyond the odd spinning drive still sold in a Mac and a few belated product refreshes, they'd see just how impressive a company Apple are.
AAPL's previous intraday high (of $134.54) came after the stock split, so it wouldn't have been above $800 then.
Interesting. Though I think back in 1999 Microsoft had a PE of over 70 at one point. Apple has never been close to that.
You're welcome.
To be fair, now that I think about it I suppose in some contexts it would make sense (or at least wouldn't hurt) to clarify that an all-time high is based on split-adjusted historical prices and, perhaps, to explain what that means. The OP did touch on that concept.
$1000 is not unheard of.....have you seen the price of Berkshire Hathaway A shares lately?
Stock is high because they've been lazy... it costs a lot to develop new products and support them. Or in reality... Tim Cook actually knows what he's doing. Growth has slowed some but is consistent. They will become the first Trillion dollar company and it isn't a bubble. New products create bubbles...
I believe he was quoting Steve Ballmer from this video back at a Microsoft Conference.