Apple Share Price Breaches $500, Hits All-Time High
Apple's share price pushed through the $500 barrier as trading opened this morning, reaching an important psychological figure. The stock price has been on a tear ever since Apple reported blowout earnings for the first fiscal quarter of 2012, rising more than $75/share, or nearly 18%, in just under three weeks.
Apple is now worth more than $469 billion, making it the most valuable public company in the world by a significant margin. Exxon Mobil, the second most valuable public company, is worth approximately $400 billion after a weakening in that company's price.
Apple is a long way from claiming the "most valuable publicly traded company ever" title. Among many others, Microsoft had a peak market cap of $642 billion during the dot-com boom in September 2000. That company is now worth just over $250 billion. With the reversal of fortunes, Apple is in fact now worth more than Google ($199 billion) and Microsoft ($256 billion) -- Apple's two biggest competitors -- combined.
Apple is now worth more than $469 billion, making it the most valuable public company in the world by a significant margin. Exxon Mobil, the second most valuable public company, is worth approximately $400 billion after a weakening in that company's price.
Apple is a long way from claiming the "most valuable publicly traded company ever" title. Among many others, Microsoft had a peak market cap of $642 billion during the dot-com boom in September 2000. That company is now worth just over $250 billion. With the reversal of fortunes, Apple is in fact now worth more than Google ($199 billion) and Microsoft ($256 billion) -- Apple's two biggest competitors -- combined.
Top Rated Comments
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14 weeks ago
I convinced my mother and my father-in-law to buy a lot at $150. I'm now 'favorite child' on BOTH sides of the family.
See? You can win at the stock market even if you don't have money to invest!
See? You can win at the stock market even if you don't have money to invest!
14 weeks ago
Wait until iPad3 is released.
Or, better yet, don't wait, if you want to invest.
Or, better yet, don't wait, if you want to invest.
14 weeks ago
What goes up must come down ;)
Or go even higher. This will be a huge year for Apple.
14 weeks ago
Every so often, I think about buying AAPL. Every time, I don't, because it's way too much per share, and every time, I regret it later when it hits some crazy high price later on like this. I honestly think it'll keep going up, but unless they split the stock, it's going to be hard for many individual shareholders to invest.
Expect news in a few days about several big executive sell-offs as pre-planned sales at specific prices kick in automatically. Also expect idiots to say stuff like "what do they know we don't?!?" and "Apple is doomed without Jobs!" Then, expect AAPL to keep climbing without a hitch.
Expect news in a few days about several big executive sell-offs as pre-planned sales at specific prices kick in automatically. Also expect idiots to say stuff like "what do they know we don't?!?" and "Apple is doomed without Jobs!" Then, expect AAPL to keep climbing without a hitch.
14 weeks ago
And Apple's stock is still significantly undervalued. It may seem expensive at a Per-Share price, but all things considered, its relatively cheap.
14 weeks ago
Absolutely amazing. And to think it's still continuing to rise.
((That's what she said))
((That's what she said))
14 weeks ago
That makes no sense. Why does it matter if you have, say $5,000 to invest whether you have 10 shares @$500 each or 100 shares $50 each? It's about the percentage gain, not the share price.
Point is, not everyone has $5,000 to invest, or more accurately, not everyone has $5,000 to invest in a single stock, when diversification is somewhat important so they really need a lot more than $5,000 to invest.
Most AAPL holders are large financial institutions and funds, or people who got in some time ago. They are not your average investor picking up stocks at $15, or even $50. It is all about percentage, but the upfront share price does pose somewhat of a barrier for entry.
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