Earlier today, Apple's stock price briefly surpassed $250 per share before being dragged down by an overall market slide precipitated by charges brought by the U.S. Securities and Exchange Commission against Goldman Sachs over alleged subprime mortgage securities fraud.

143136 aapl 250

Apple's stock has since rebounded, but remains below both the $250 threshold and today's opening price of $248.99.

AAPL stock has seen a number of milestones in recent weeks, having surpassed $200 billion in market capitalization in early March, and only days later moving past Wal-Mart to become the third largest U.S. company by market capitalization.

Just yesterday, Fortune released its annual Fortune 500 rankings of U.S. companies by revenue, which saw Apple jump to 56th place from 71st place in last year's survey. The report also ranked Apple as offering the greatest return to shareholders among Fortune 500 companies over the past five years, with an average annual return of 45.6%.

Top Rated Comments

BuddyTronic Avatar
160 months ago
Cheers, BuddyTronic. And congratualtions to your investment.

By the way. Do you want us to bring our own glasses? :)
How bout a ride in my new Turbo? Got this in July when AAPL hit $400 for the first time. I once swore I'd buy a 360 Modena if AAPL hit 300. But I didn't. but now that it hit $400 I had to do something, so I did!

Yee Haw!

And actually today I'm commenting about it, because I didn't actually sell any shares, I just got a loan on my margin account against my AAPL shares. So that is working out good now! (for a while when it dropped to 350, I was slightly on the bad side of that load, but hell, AAPL is going up more than 5% per year to cover that interest!).

I'm selling covered calls on AAPL for OCT - something high up - just to grab a few grand, and if the price comes in, so what, I sell some and pay down the margin loan on the Porsche!

Booyah again
Score: 2 Votes (Like | Disagree)
rickdollar Avatar
178 months ago
Me too, Analog.
Sold at $82. Didn't buy it back until $187.:rolleyes:
Score: 2 Votes (Like | Disagree)
mlmwalt Avatar
155 months ago
If it hits $650, I'll sell half my shares and buy the Aston Martin I've always dreamed about. :o Or a Vette and a condo in Clearwater Beach. :cool:
Score: 1 Votes (Like | Disagree)
RonDMC Avatar
155 months ago
Well Well Well Genius! You basically got your predictions right again eh?

I thought I would bite so you don't continue to talk to yourself!

Lets hear some more predictions.

Some major refreshes this year like the iPad 3 and iPhone 5 which shouldn't be minor upgrades like the iPhone 4s and iPad 2 which could potentially see a lot more people upgrade. Also the potential announcement of the iTV and maybe dividends.

As long as the economy doesn't tank again I can see:

Jan 2013 - $550
Jan 2014 - $650
Score: 1 Votes (Like | Disagree)
BuddyTronic Avatar
155 months ago
Hey you'd be welcome my friend!

Thanks for making me feel good!

Haha, glass might be optional. Pull the cork and chuck it far away, and then go primal with that Scotch - it's the Isle peaty dirt flavoured stuff and once you have it in you, it tastes like water haha. Have some Sockeye salmon maybe, and then finish the bottle off on a drunken hike in the wilds and get some exercise!

Yeah the person who owes me on that one said he has it waiting for me, and when his son gets back in town we're gonna have a flight of scotch I guess.

He said

"I expect APPL to pass $300 tomorrow
whatever happened to the expected September/October sell off?
I had expected a retest of the years lows and hence a delay of APPL $300
Anywho - the Lagavulin has been sitting here since my last trip to XXXXXXX
We should wait for James to return to set up a an evening of Lagavulin tasting.

You are a lucky son of a gun."

OK, since I am now the amazing Kreskin and won my bet, here are some new predictions!

DOW 20K by 2012 - haha. OK maybe 2014. I'll make the betting prediction on New years, but that's how I'm thinking.

AAPL - let's say $450 by Jan 1 2012. That's pretty bold, I know. But the inflationary forces are helping.

I'm selling short term covered calls for my AAPL shares. Big premiums as it gets closer to the numbers I picked for Nov and Jan. A cool AAPL stipend :)

USD is "go to down" and the stock market is going to "crash" upwards with a sub-hyperinflationary ( >10% maybe) exclamation point.

Gold will be $2000.00 by Jan 1 2011.

Maybe I should be humble and just bite my toungue, but I'm glad you reminded me about this thread - I forgot all about it and it's funny what I wrote there! Maybe this is going to be too!

For sure AAPL 450 by Jan 2012 - the rest is more or less a matching theory, but that's a lot to predict at once, I'll just stick to what I know - Apple.
Well Well Well Genius! You basically got your predictions right again eh?

(pat myself on the back again!)

Gold is a little short of $2000.00, but it's close. DOW 20K for 2014 still on? I guess I have to stick with what I said. Time is a strange thing how it passes.

AAPL is over 450.

Now everyone thinks 600 is possible. Nobody is arguing with me about it.

I almost liked it more when I felt I knew something the suits didn't know. But now they can't miss it.

100 Billion in cash at Apple eh? If Apple has zero growth they will have $200B in cash within 5 years!

I think I'm getting a bit over-confident. The only thing that will mess me up a bit is some mega crash

I think over the last couple of years I have realized that the USD is KING - no matter what. I was thinking the USD would be crashing, it almost has to, but I guess since the entire world of currency is so messed up, the USD is going to remain the monopoly money of choice.

I didn't have my usual AAPL discussion with James's dad this Christmas. I think they are all tired of me being right all the time, and when I ask them how many AAPL shares they bought from my advice over the many many years, the answer is zero. I think they might be happier if I lose my shirt honestly haha.
Score: 1 Votes (Like | Disagree)
BuddyTronic Avatar
160 months ago
Hey you'd be welcome my friend!

Thanks for making me feel good!

Haha, glass might be optional. Pull the cork and chuck it far away, and then go primal with that Scotch - it's the Isle peaty dirt flavoured stuff and once you have it in you, it tastes like water haha. Have some Sockeye salmon maybe, and then finish the bottle off on a drunken hike in the wilds and get some exercise!

Yeah the person who owes me on that one said he has it waiting for me, and when his son gets back in town we're gonna have a flight of scotch I guess.

He said

"I expect APPL to pass $300 tomorrow
whatever happened to the expected September/October sell off?
I had expected a retest of the years lows and hence a delay of APPL $300
Anywho - the Lagavulin has been sitting here since my last trip to XXXXXXX
We should wait for James to return to set up a an evening of Lagavulin tasting.

You are a lucky son of a gun."

OK, since I am now the amazing Kreskin and won my bet, here are some new predictions!

DOW 20K by 2012 - haha. OK maybe 2014. I'll make the betting prediction on New years, but that's how I'm thinking.

AAPL - let's say $450 by Jan 1 2012. That's pretty bold, I know. But the inflationary forces are helping.

I'm selling short term covered calls for my AAPL shares. Big premiums as it gets closer to the numbers I picked for Nov and Jan. A cool AAPL stipend :)

USD is "go to down" and the stock market is going to "crash" upwards with a sub-hyperinflationary ( >10% maybe) exclamation point.

Gold will be $2000.00 by Jan 1 2011.

Maybe I should be humble and just bite my toungue, but I'm glad you reminded me about this thread - I forgot all about it and it's funny what I wrote there! Maybe this is going to be too!

For sure AAPL 450 by Jan 2012 - the rest is more or less a matching theory, but that's a lot to predict at once, I'll just stick to what I know - Apple.



Quoting myself.

Self you are one smart dude!

Yay!
Score: 1 Votes (Like | Disagree)

Popular Stories

iOS 16 4 Web Push

Apple Confirms Governments Using Push Notifications to Surveil Users

Wednesday December 6, 2023 5:06 am PST by
Unidentified governments are surveilling smartphone users by tracking push notifications that move through Google's and Apple's servers, a US senator warned on Wednesday (via Reuters). In a letter to the Department of Justice, Senator Ron Wyden said foreign officials were demanding the data from the tech giants to track smartphones. The traffic flowing from apps that send push notifications...
iOS 17

iOS 17.2 Will Add These 12 New Features to Your iPhone

Friday December 1, 2023 12:19 pm PST by
iOS 17.2 has been in beta testing for over a month, and it should be released to all users in a few more weeks. The software update includes many new features and changes for iPhones, including the dozen that we have highlighted below. iOS 17.2 is expected to be released to the public in mid-December. To learn about even more features coming in the update, check out our full list. Journal ...
iphone se 4 modified flag edges

iPhone SE 4 May Reuse Existing iPhone 14 Battery

Wednesday December 6, 2023 1:17 pm PST by
Recently, MacRumors has received details on the battery currently being tested on the upcoming fourth-generation iPhone SE, and the information corroborates previous findings in relation to the device. The iPhone SE 4, known by its device identifier D59, is expected to use the exact same battery found in the base model iPhone 14. Partially assembled prototypes of the next iPhone SE have been ...
best buy snowflakes

Best Buy's New Weekend Sale Has Record Low Prices on MacBook Pro and MacBook Air

Friday December 8, 2023 7:37 am PST by
Best Buy's month-long holiday sale continues this weekend with multiple all-time low prices on Apple's line of MacBook Pro and MacBook Air computers. In addition to Apple notebooks, Best Buy's event has discounts sitewide on home appliances, TVs, video games, and more. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive...
beeper mini

Apple Puts a Stop to Beeper Mini's iMessage for Android Feature

Friday December 8, 2023 2:24 pm PST by
Apple appears to have closed the loophole that Beeper Mini used to bring iMessage to Android, putting a stop to blue bubbles from Android devices. Beeper Mini quit working earlier today, with users receiving "failed to lookup on server: lookup request timed out" error messages. Beeper said on Twitter that it is investigating the issue, but Beeper CEO Eric Migicovsky told TechCrunch that "all ...
maxresdefault

Review: Two Months With the iPhone 15 Pro Max

Thursday December 7, 2023 12:04 pm PST by
Apple's iPhone 15 lineup came out in September, and while most reviews are done shortly after a new device launches, we like to follow up with a longer term review that gives us an opportunity to provide a deeper dive into what it's like using these phones on a day to day basis for months. Subscribe to the MacRumors YouTube channel for more videos. MacRumors videographer Dan Barbera has been...
anker new gold

Anker Begins Countdown to Christmas Sale With Up to 50% Off Popular Charging Accessories

Thursday December 7, 2023 7:55 am PST by
Anker has launched its newest holiday sale, this one offering a special deal every day in the lead-up to Christmas. These sales offer up to 50 percent off select products, and include discounts on USB-C chargers, portable batteries, and much more. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which ...
12

Apple to Launch Two iPad Air and Two OLED iPad Pro Models Early Next Year

Wednesday December 6, 2023 9:53 am PST by
To boost falling iPad sales, Apple has a major refresh planned for the iPad lineup in early 2024, according to Bloomberg's Mark Gurman. Apple plans to debut new iPad Air and iPad Pro models, both of which will feature notable changes. The iPad Air will come in two sizes like the iPad Pro for the first time. The smaller model will continue to measure in at 10.9 inches, but the larger version...