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Apple Stock Hits All-Time High on Earnings Strength

Apple's stock price has hit an all-time high today, surging over 4% at the moment to top $207 per share. The peak eclipses Apple's previous high set in late December 2007. Apple's stock subsequently sank to a low of under $80 per share in late 2008 amid uncertain economic times before rebounding strongly over the past eight months.


Apple's total market capitalization is currently approximately $186 billion, placing the company behind only Exxon Mobil, Microsoft, and Wal-Mart in market cap rankings of American companies.

Apple's stock has seen a significant bump over the past couple of days in the wake of a stellar earnings report on Monday and subsequent price target upgrades from analysts looking ahead to future performance.


Top Rated Comments

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117 months ago
People are finally starting to realize that Apple is performing this well in a recession.

Add to that, Apple tends to spend more money on R&D during downturns, meaning that once the economy picks up they'll have even more cool toys right when the companies that cut back are just starting to re-hire.

Should be fun.
Rating: 1 Votes
117 months ago

I sold stock when it was at 80. Now I'm going to buy it all back.


You'll regret that ;)
Rating: 1 Votes
87 months ago

Quote me on this: AAPL will see $150 again before it sees $300.


Hello.
Rating: 1 Votes

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