Apple's Stock Reaches its Highest Price Ever

[Carnegie]

Apple can easily break the $150 threshold this year. Some analysts have the company breaking $200 in 2018, lead by the iPhone 8 and services revenue.

If the Trump administration is able to get Apple to repatriate its overseas money this year, it could break $200 this year.

Dividend payouts aren't bad either, just make sure you put them into a DRIP!

How much per-share value do you think a tax holiday (on as-yet unremitted foreign earnings) would reasonably represent? Let's say the the rate was 10% on all as-yet unremitted foreign earnings (with no foreign taxes paid credit) and that Apple (re)patriated meaningfully all of its as-yet unremitted foreign earnings. Or even if the rate was 5%, what per-share value do you see that representing for Apple?

It would certainly matter, but I don't think it would justify a large share price increase - nothing like $20 or $40 per share. On the other hand, a significant decrease in the (U.S.) corporate tax rate - to, say, 15 or 20% - would represent a pretty significant increase in Apple's future earnings potential and thus might justify a a substantial increase in its stock price.

 

[mi7chy]

Can we all say stock buyback manipulation?

http://www.cnbc.com/2017/02/14/dont-be-fooled-by-apples-record-high.html

 

[IJ Reilly]

How much per-share value do you think a tax holiday (on as-yet unremitted foreign earnings) would reasonably represent? Let's say the the rate was 10% on all as-yet unremitted foreign earnings (with no foreign taxes paid credit) and that Apple (re)patriated meaningfully all of its as-yet unremitted foreign earnings. Or even if the rate was 5%, what per-share value do you see that representing for Apple?

It would certainly matter, but I don't think it would justify a large share price increase - nothing like $20 or $40 per share. On the other hand, a significant decrease in the (U.S.) corporate tax rate - to, say, 15 or 20% - would represent a pretty significant increase in Apple's future earnings potential and thus might justify a a substantial increase in its stock price.

That might not be the right way to look at it. The question really is if Apple repatriated these profits, how much of it would they be willing to shower on the stockholders? Surely not all of it. Just a wild guess, say they are prepared to declare a onetime dividend of $100B. With 5.35B shares outstanding, that comes out to $19/share. Alternatively, they could double their annual dividend and pay that much out over 7-8 years.

 

[Videomanmac]

in late 1999 Microsoft’s valuation reached some dizzying heights. And that was 17 years ago. On Dec. 27, 1999 Microsoft’s valuation hit an all-time record of more than $613 billion. In today’s dollars that would be more than $905 billion in 2017

Then they went down (~$150B in 2009) and now climbing back up to $497B (after pivot), Apl will go down as their primary product is about to get smashed by Microsoft and OEMs (surface weakening Apl eco first)

Microsoft not Apl will be the first $1T company...Apl is running out of ideas and customers. Plus Buyback at all time high is stupid beyond belief. Everyone knows you buy low, have to wonder if Apl simply was lucky with timing they don't seem very smart.

Nothing to support these highs, house of cards. IPhone has declined yet again when comparing weeks and not getting an extra one to add on, that in a quarter when Samsung had their worst PR ...not good.

APL at $200? LOL what a joke.

Lol wut?

 

[fhall1]

Sold my stock at $120

Unless you sold 1,000 shares - I wouldn't worry about trying to time the exact market top. However, if the stock shoots up to $180 in a couple days......

 

[BoltmanLives]

Lol wut?

Inflation. Math 101.

The question posed earlier here was if Apl in 2017 with this "all time high" approached MSFT in late 90's ..the answer is no.

Why?... $613 billion was MSFT market cap in 1999 at peak add in inflation that equates to $905B market cap today.... Apl is at $709.70B nothing to sneeze at but only 78% what Microsoft was at its first peak. Microsoft today has a share price at $64.57 above their all time High but only a $499.04 Market cap.... both stocks heading higher but if you look at the max charts you clearly see Microsoft's consistent climb from here to a new peak is charted and Apl's not so much.

The first to $1T will be MSFT not Apl. MSFT has hands in all new sectors Apl relying on old. Best cloud/services wins for rest of your lifetime. Software>>>> Hardware
Apl's main product is at-risk to disruption, MSFT's not so much.
Hint : MSFTs main product is NOT Windows going forward in fact Windows is dead in about 2028.

 

[Videomanmac]

Inflation. Math 101.

I completely get that. I am questioning your logic on your statement that "Apl will go down as their primary product is about to get smashed by Microsoft and OEM. Microsoft not Apl will be the first $1T company...Apl is running out of ideas and customers. Plus Buyback at all time high is stupid beyond belief. Everyone knows you buy low, have to wonder if Apl simply was lucky with timing they don't seem very smart."

 

[BoltmanLives]

I completely get that. I am questioning your logic on your statement that "Apl will go down as their primary product is about to get smashed by Microsoft and OEM. Microsoft not Apl will be the first $1T company...Apl is running out of ideas and customers. Plus Buyback at all time high is stupid beyond belief. Everyone knows you buy low, have to wonder if Apl simply was lucky with timing they don't seem very smart."

Whats the question? Do you feel Iphone is somehow immune? I'm telling you the only reason Iphone is High is Android is not good enough to be "the best" that will change once Surface and oems enter the mobile space. Disruption you saw it with the Iphone and you will see it again..soon

Look at Mac and look at iPad "the future of computing" for guidance, soon Iphone in the crosshairs. Things change Iphone had a good ten year run..I hear they are celebrating it. Keep in mind Iphone is not far from single digit market share globally. That's not stellar for a primary product. Apl store network is an anchor not an asset.

Keep one thing in mind, once MSFT wants a market it becomes theirs. Smartphones have been stagnating you all see it..its time. That 70% share is really bad..ouch plus all that's tied to it.

 

[Videomanmac]

Whats the question? Do you feel Iphone is immune? I'm telling you the only reason Iphone is High is Android is not good enough to be "the best" that will change once Surface and oems enter the mobile space. Disruption you saw it with the Iphone and you will see it again..soon

Do you know what the surface is? Surface is not replacing the iPhone. And what do you mean by OEM's entering the noble space? Do you mean Samsung, HTC, etc? They already are...

 

[Mtmspa]

The title of the article should read, Highest since split. Apple stock has been worth far more in the past.

Pre split this would be $945.14. I don't think it ever got that high.

My presplit shares I bought for $218 are doing well.

 

[BoltmanLives]

Do you know what the surface is? Surface is not replacing the iPhone. And what do you mean by OEM's entering the noble space? Do you mean Samsung, HTC, etc? They already are...

Surface will re-define Mobile.... instantly aging out iPhone... see Mac , see IPad

Only thing left is Iphone and co. (services, pay, watch, ipods, glasses) ...its next
Apl knows this. Nothing they can do about it other than try to copy it like they did with Maxipad "pro" and Emoji bar "pro"

Apl simply does not have flexibility anymore, so it simply cannot respond well. Microsoft pivoted thats a huge advantage. Enjoy the stock highs while you can , well deserved. Apl right now could not pivot even if they tried with their user base. look at 7yo springboard on ipad, where is the change? Oh thats right there is none. How many OS's need supported ? Think about that, its sort of insane and puts a lot of stress on developers, who punt to Iphone. Its all Iphone. As Iphone goes Apl goes, sort of convenient the Note blew up and was a PR nightmare...yet no growth if you compare same weeks.

 

[Videomanmac]

Surface will re-define Mobile.... instantly aging out iPhone... see Mac , see IPad

Only thing left is Iphone and co. (services, pay, watch, ipods, glasses) ...its next
Apl knows this. Nothing they can do about it other than try to copy it like they did with Maxipad "pro" and Emoji bar "pro"

Apl does not have flexibility anymore, so it simply cannot respond well. Microsoft pivoted thats a huge advantage. Enjoy the stock highs while you can , well deserved. Ap right now could not pivot even if they tried with their user base. look at 7yo springboard on ipad, where is the change? Oh thats right there is none.

Thanks for the good laugh tonight

 

[BoltmanLives]

Thanks for the good laugh tonight

Your welcome for the lesson in reality. You nervously deep down know what I say to be true. You will all see soon enough.

 

[Mtmspa]

Your welcome for the lesson in reality. You nervously deep down know what I say to be true. You will all see soon enough.

Please tell us this is a joke.

 

[Videomanmac]

Your welcome for the lesson in reality. You nervously deep down know what I say to be true. You will all see soon enough.

No, I am not nervous deep down. I am confident the next iPhone will be simply amazing and your "Surface" will be flopping in the wind.

 

[BoltmanLives]

No, I am not nervous deep down. I am confident the next iPhone will be simply amazing and your "Surface" will be flopping in the wind.

Seriously? OK then , power to them.
[doublepost=1487127523][/doublepost]

Please tell us this is a joke.

Not a joke . Take it as you may.

 

[SuperCachetes]

Who wishes they bought in at $89 some 10 months ago? Up over $45 since then.

Pre split this would be $945.14. I don't think it ever got that high.

My presplit shares I bought for $218 are doing well.

My average buy-in is around $42 post-split. I scratch my head at a fair bit of what Apple does these days, but I am FAR from being in the "Sack Tim" brigade.

 

[IJ Reilly]

Pre split this would be $945.14. I don't think it ever got that high.

My presplit shares I bought for $218 are doing well.

If you're going for the goofy math, why not go all the way? Pre-spilt is $7,560. That's what a share of AAPL would be worth today if they had never split the shares.

 

[44267547]

One potentially nice product does not absolve TC of all his other messes. Plus if the iP8 is everthing as advertised its more on Ive, Riccio, and Srouji. TC is like a witness to history but takes credit for the victories. He has zero imagination when it come to hardware.

Seems fairly obvious without saying Chupa, but I will make my point anyways based off your quote:

Of course Cook takes credit for the companies success, its no different if he takes blame the demise. That's the role of a CEO of a 43 Billion dollar company.

When the Airpods failed to launch on time, Cook had the finger pointed at him and finally responded in late December they would be shipping with in weeks.

When the question arose about the release of when we would see the 2016 MacBook Pro, Cook responded late September and released a vague time frame.

Point is, no one here cares about the middle man. When a product releases, the success or failure is on Cook. We want answers and questions from him. The others are an integral part of the team, but they don't answer the calls, Cook does. So in theory, it goes both ways when Apple is in the limelight, which only one person is at the helm.

Lastly, Cook isn't a design engineer and a salesman that Jobs was. He is an accountant for the Companies financial well being, a negotiator with part suppliers, among many other things.

 

[niploteksi]

I assume UltimaKilo means that a so-called tax holiday of some sort, if passed, would likely see Apple (re)patriate some of its foreign earnings.

Yes, I suppose you are right. I was mostly being snooty since the Chief thinks it's OK for some to evade taxes, but not for all. I'm far from a tax expert... wouldn't they want to have their funds in other places when the tax holiday is over?

 

[sudo1996]

The whole market has been rallying like crazy since Trump won the vote. However, strangely, Nasdaq reports a beta of less than 1.0 for AAPL (not sure how), and AAPL has risen more than the market has during that time, which would suggest there was a lot of unique gain. I vaguely remember some good earnings reports. Could also be because Trump might finally let them bring their huge amount of overseas cash in without tax.

So yeah, AAPL is doing well, very well.
[doublepost=1487146542][/doublepost]

Stock price alone doesn't matter, what matters is stock price X No of stocks = Market capitalization, stock price depends on how many times the stock is split.

Not exactly true. There are stupid psychological effects involved with the stock price. Remember the DOW had a resistance/support bar at 20,000 just because it's a multiple of 10,000, lol.
[doublepost=1487146785][/doublepost]

Sold my stock at $120

I forget what I sold it at, but it was even longer ago. But I don't think it was a bad move. I stopped believing in Apple and was worried that they'd crash one day, so I put my money somewhere safer and lower-maintenance that also makes money, the S&P500; focusing on my school/work and sleeping well at night is priceless

 

[Tech198]

I dunno, but for some reason i link this to Apple tax in Ireland as the reason why its high stock... Probably false..

 

[Constable Odo]

Did you even read the post...? Factoring in the split, it's almost at the unheard of $1000 mark...

It's funny. Apple really isn't worth as much as it was in 2015. I had read an article today about how Apple investors shouldn't get carried away with Apple reaching a market cap of BARELY $700B+. The author was saying how Apple cheated by buying back shares to "dishonestly" boost the EPS. They were saying that even with a share price of $135, Apple isn't even close to its past market cap high. I think Apple's market cap high was around $775B in 2015 with a lower share price, so, yes, Apple isn't close to that number. Currently, Apple's ONLY at a $715B market cap. (A former shell of what Apple once was as a powerhouse company. /s). Once thing is for certain, if a person looks hard enough they can still find ways of how Apple is still doomed as a company or find ways to put a damper on Apple's nearly stellar performance.

I do happen to think if Apple really wanted to put the screws to its competition it certainly could but I imagine the big investors still wouldn't be satisfied. They say that greed knows no bounds and the big Apple investors do think that way. I'm sure that's one of the reasons why Carl Icahn pulled out his money as early as he did. He didn't see returns coming quickly enough. No patience. If they're not making money, then they're losing money and they absolutely hate that.

When you say almost unheard of $1000 mark, you must not have noticed Priceline. That damn stock is hovering around $1600 or so with a P/E of 41. Imagine if Apple had a P/E of 41. Jeez. If you listen to the pundits, they're claiming both Amazon and Alphabet will reach that $1000 mark without even breaking a sweat. It sounds crazy but when those fat-cat hedge funds start getting greedy you never know how far they'll push any stock up just for kicks. Jeff Bezos has so many bromances in high places even if Amazon never turns a decent profit the stock could reach $1000. It seems unfair Apple has to have a P/E of only 16 and Amazon can get away with a P/E of 170. That P/E bias is probably based on love for Jeff Bezos and hate for Tim Cook.

 

[Keane16]

Who wishes they bought in at $89 some 10 months ago? Up over $45 since then.

Topped up around $99/100. Following this company as both a shareholder and customer means I basically buy their products for free.

As always when these peaks happen I wish I bought more and earlier...

Great news for investors, not so much for customers.

Why not for customers? Would love to hear some reasoning.

That's ten words.

Why would somebody love a company?

For me AAPL shares pretty much paid for the deposit on my first property and I enjoy their product offerings - they make my life easier and better. Still not sure I'd go as far as loving Apple, but I do like them a lot as company. And have for decades, although that was severely tested in the nineties and then again early OS X days.

If OP loves the company why bother them? Or better still maybe explain why they shouldn't be able to love something?

 

[Righty McRighterson]

"making it the world's most valuable company by a sizeable margin"

Inaccurate.

You could go with either:

1. making it the world's most valuable traded company by a sizeable margin

or

2. making it the world's second most valuable company after Saudi Aramco (est 1.5-10 tn$)