"Hey Siri" support and possibly wireless charging case alongside AirPower charging mat.
Apple Stock Price Marks All-Time Closing High Ahead of New iPhone Rollout
Apple's stock price closed at an all-time high of $636.34 today, passing the prior all-time closing high of $636.23 set four months ago on April 9th. The next day, April 10th, the stock hit an intraday high of $644 and the company's market capitalization breached $600 billion before falling back. Apple's stock price is up nearly 60% on the year, outperforming the NASDAQ by more than 3:1 and the Dow Jones Industrial Average by more than 6:1.
Growth in Apple's stock had been slightly weaker for the past month in the run-up to weaker-than-expected earnings for the third quarter, but new reports of a September launch for the next iPhone as well as a smaller, cheaper iPad Mini have been pushing the price higher.
All shareholders of record as of Monday's close also received a cash dividend of $2.65 per-share today, the first dividend payment to Apple shareholders since December 1995.
Growth in Apple's stock had been slightly weaker for the past month in the run-up to weaker-than-expected earnings for the third quarter, but new reports of a September launch for the next iPhone as well as a smaller, cheaper iPad Mini have been pushing the price higher.
All shareholders of record as of Monday's close also received a cash dividend of $2.65 per-share today, the first dividend payment to Apple shareholders since December 1995.
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84 months ago
It can only stay that high for so long. There is an end to every good thing. Of course it won't rocket down - it just can't get much more expensive.
Why not? It's trading at a very reasonable sub-15 P/E. Google is trading near 20. Could easily rise to 20 or 25 or an even higher P/E, not to mention we will see a big rise in earnings this year.Correction.
Steve would of let this happen. :apple:
84 months ago
those that think this has anything to do with any news of any sort are out of your mind. The stock market is a legal gambling casino. There is no ifs ands or buts about it. It makes no sense in regards to stocks going up or down except the rich people who dump money to buy and sell owns all of you.
It's just like gas prices - there is no rational explanation for it's increase or when it falls down in price if at all.
Stock market is played by every rich million and billionaire on this planet - which includes many billionaire chinese investors (aka gamblers) as well.
It's just like gas prices - there is no rational explanation for it's increase or when it falls down in price if at all.
Stock market is played by every rich million and billionaire on this planet - which includes many billionaire chinese investors (aka gamblers) as well.
84 months ago
Let the stock keep climbing. More growth is coming.
The poor quarter is only because of the delay in the iPhone. Nothing more. Apple is still a great investment.
The poor quarter is only because of the delay in the iPhone. Nothing more. Apple is still a great investment.
84 months ago
It's great that a lot of passionate Apple users own stock in the company, but remember, that doesn't give you any entitlement to pretend like they owe you anything individually or need to listen to your opinions. Like starting out a post with "As a stockholder...". Other than that rant, I am glad Apple is doing well.
84 months ago
It can only stay that high for so long. There is an end to every good thing. Of course it won't rocket down - it just can't get much more expensive.
Because there is some sort of artificial limit on the price of a stock? Go ahead and subtract cash assets from the market cap, recompute the P/E ratio on this years' earnings and tell me again why it can't get much more expensive.
Why not? It's trading at a very reasonable sub-15 P/E. Google is trading near 20. Could easily rise to 20 or 25 or an even higher P/E, not to mention we will see a big rise in earnings this year.
Exactly. AAPL's forward P/E ratio is even lower (i.e.: as soon as they calculate based on this years earnings at the end of Q4 we should see a huge surge). Then you factor in Apple's cash assets growing faster than the dividends they are paying out and that the company currently has about 25% of its market cap in cash assets.
No company has ever been so healthy with respect to revenue, profit, assets, and debt (or lack thereof). If Apple can settle with Samsung with a cross-licensing agreement that has a "no-cloning" provision the stock would go up at the removal of the uncertainty. If they win the lawsuit outright, the stock would soar (I don't see either side of the lawsuit outright winning -- I think both sides are going to take losses when the jury decides and then the companies are going to be forced into a cross-licensing agreement anyway).
So, in summary, AAPL's target price over the next 21 months should be somewhere around $1200 per share if their profits keep increasing we just maintain a 15 P/E ratio. Considering their global expansion of iPhone and iPad, Apple should be able to do that without even introducing a new product like a TV.
84 months ago
It can only stay that high for so long. There is an end to every good thing. Of course it won't rocket down - it just can't get much more expensive.
84 months ago
those that think this has anything to do with any news of any sort are out of your mind. The stock market is a legal gambling casino. There is no ifs ands or buts about it. It makes no sense in regards to stocks going up or down except the rich people who dump money to buy and sell owns all of you.
It's just like gas prices - there is no rational explanation for it's increase or when it falls down in price if at all.
Stock market is played by every rich million and billionaire on this planet - which includes many billionaire chinese investors (aka gamblers) as well.
Yep
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