Apple's stock (AAPL) hit an all-time high this morning, passing $500 based on rumors of an iPad 3 announcement in early March and their recent $46 billion in revenue, 37 million iPhone sales quarter.
Apple stock sat at $457 at the beginning of February, jumping nearly $50 in less than half a month. This isn't usual for the technology market, but Apple has been an exception to the rule in this case.
Apple's current market cap sits at $466 billion -- the most valuable company in the world. The question is -- how high can it still go?
Source: Google Finance
Andrew Wray is a Salt Lake City, Utah based writer who focuses on news, how-tos, and jailbreak. Andrew also enjoys running, spending time with his daughter, and jamming out on his guitar. He works in a management position for Unisys Technical Services, a subsidiary of Unisys Corporation.
I should of bought more shares when they were at $100 few years ago :/
My biggest regret in life. Not buying 1000 shares like i wanted to pre Steve jobs come back. Ugh
Oh well, chances are I would not have held onto them this long anyway. Either that or I would have ended up in a gutter all high on crack and cleaning products
This would actually be news if Apple paid dividends to investors or their portfolios. They don't. That practice ended when Jobs returned full time because according to him, "They couldn't afford to."
It's nice looking at that big number but unless your one of the chosen few all you have done is give Apple more money interest free. They don't need it.
Couldn't agree more with what he ^^^ said.
Apple are actually a bit enslaved by all this : if they either do dividends, charity or bring production back to the US, their shares will fall over and that's not the mission of a private company.
With Tim Cook running the show, the purpose is to make as much profit as possible by running the company well and avoid any waste.
Normally this is the kind of performance we expect from a small or medium company which later collapses under it's own weight as it gets bigger, but Apple apparently knows how to avoid this... very much like they run some projects with just a few engineers like the now legendary port of Safari from Iphone to Ipad.
My prediction : the end -of the run- is not near, pretty much like Windows didn't end after 5 years either. The difference is that Apple sells hardware as well as software... Google just about started to understand this.
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