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.

aapl 6361
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.

Top Rated Comments

Tubamajuba Avatar
110 months ago
Steve Jobs would have never let this happen...

...wait, what?
Score: 31 Votes (Like | Disagree)
jlgolson Avatar
110 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:

Correction. Steve would have let this happen.
Score: 22 Votes (Like | Disagree)
DaDalle Avatar
110 months ago
I wish I had bought a few, when they were below $20 :p
Score: 17 Votes (Like | Disagree)
Anti-Lucifer Avatar
110 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.
Score: 10 Votes (Like | Disagree)
mertyz Avatar
110 months ago
And some people were thinking they would never beat their best :)
Score: 8 Votes (Like | Disagree)
mrtravel123 Avatar
110 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.
Score: 7 Votes (Like | Disagree)

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