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Apple's Stock Price Breaches $600 for First Time in 18 Months

Apple's share price has closed above the $600 mark for the first time since October 2012, some 18 months ago. It illustrate a significant recovery for Apple's stock, which hit a low of $388/share in late June 2013.

The price is mostly psychological, made even more so by the fact that Apple will split its stock by a 7/1 ratio next month, dropping the price down to roughly $85 per share at current prices. The stock split is meant to allow more investors the opportunity to invest in the company.

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Apple's market capitalization is roughly $518 billion, well ahead of Exxon Mobil's $444 billion. Apple is the most valuable publicly traded company in the world. The company's all time high share price is $702.10, originally hit in September 2012.

Top Rated Comments

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7 months ago
And will bottom to $350 after Apple announces record profits that fall short of Wall streets' unrealistic trillion dollar iPhone 6 estimates.
Rating: 8 Votes
7 months ago
Ughh! Stupid school books, I could have bought some stock instead!!
Rating: 7 Votes
7 months ago
I'm looking forward to see Apple at 385$ a share again. After the split :D
Rating: 6 Votes
7 months ago

I find Apple's lack of product innovation disturbing


Yeah, I agree totally! I mean it's only reasonable to expect revolutionary product innovations every thirty minutes or so from Apple, since all other companies has done so much more than Apple when it comes to product innovation.
Rating: 6 Votes
7 months ago
I like this rumor :)
Rating: 4 Votes
7 months ago
Is there anything more to this than just rotation? Apple is up about 7% YTD, Google is down around 5% and Amazon is down over 20%.

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incremental updates, don't raise the share price

lets have a stock split instead to get more mom and pop investors

Ichan was really pushing Cook for this

I find Apple's lack of product innovation disturbing


What did you do between 2001 and 2007?
Rating: 4 Votes
7 months ago
incremental updates, don't raise the share price

lets have a stock split instead to get more mom and pop investors

Ichan was really pushing Cook for this

I find Apple's lack of product innovation disturbing
Rating: 3 Votes
7 months ago

FINALLY I'm making money again.. Gahh lol.


finally, I'm getting rid of the "negative sign" in my book :o:o:o
Rating: 3 Votes
7 months ago
I can't wait for WWDC so it can plummet again. ;)
Rating: 2 Votes
7 months ago

Let me put some numbers out to help explain my complaints about the buyback. My view is that of a long term shareholder - NOT anywhere close to a day trader and postulates that I hold 1,000 shares.

Approach 1 - The Buyback - Apple spends $10,000,000,000 to buyback shares. So far there is little, if any, sustainable increase in share price. Apple has 10,000,000,000 fewer $$, somewhere around 17,000,000 fewer shares on the open market, I still own my 1,000 shares and their value is whatever the market gyrations make it out to be. Those gyrations include new product rumors, lack of new product complaints, EPS rumors, Tim Cook is failing, he is succeeding, splits, etc..... As a long term shareholder I've gained zip.


Approach 2 - The Large Dividend - Apple takes that same $10,000,000,000 and issues an extraordinary dividend. That $10,000,000,000 divided by 923,000,000 shares generates a dividend payment of $10.60 per share. For my 1,000 shares I now have $10,600 in my pocket - that is a real ROI and not subject to the whims of the market gyrations. Add to that the announced dividend payout of $ 3.20 and my ROI has increased to around $13,600 :-)

As all shareholders are part owners of Apple Inc. and we expect attractive returns and do not want to see the enormous earnings that our corporation has generated being wasted in the buyback program that that has not demonstrated any sustainable gain for us. My belief is that day traders / other very short term shareholders are the only ones gaining - not what we should encourage.


You don't know what the stock price would be without the buybacks. Also, the tax treatment is better with capital gains as you can continue to defer taxes as long as you want. The extraordinary dividend would result in an extraordinary tax bill in the year of the payout.
Rating: 2 Votes

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