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Apple's Stock Sets First New All-Time High Closing Price in Nearly Two Years

Apple's stock set a new all-time high closing price of $133.29 today, eclipsing a previous record of $133 set on February 23, 2015. The stock still remains around $1 off its true all-time high of $134.54 set on April 28, 2015.


Apple's stock has been steadily rising over the past four months, particularly since the company reported record-breaking earnings results, including revenue of $78.4 billion and net quarterly profit of $17.9 billion, in late January. The stock rose over $7 in a single day following the January 31 results.

Apple analyst Brian White of investment firm Drexel Hamilton has persistently said AAPL remains "one of the most underappreciated stocks in the world," and his target price for the stock is $185. Steven Milunovich of UBS and some other analysts have also said the stock is undervalued in recent weeks.

Apple's stock has rebounded significantly since dropping to a 52-week low of $89.47 last May. The price was likely impacted by Apple's comparably lackluster 2016, which marked the company's first year-over-year decline in annual revenue since 2001 after 51 consecutive quarters of uninterrupted sales growth.

Apple is the world's most valuable company with a market capitalization approaching $700 billion.

Tag: AAPL


Top Rated Comments

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5 weeks ago
You can only run on fumes for so long.

[MEDIA=youtube]_1rXqD6M614[/MEDIA]
Rating: 23 Votes
5 weeks ago
Strongest sign yet that Tim is done as CEO
Rating: 18 Votes
5 weeks ago

You can only run on fumes for so long.


If you believe that 2017 Apple is "running on fumes" you have no understanding of the firm, at all.

Apple is in the process of cornering all the core technologies they will need for the next generation products. Silicon? No rivals. Industrial processes? No rivals. Accessibility? No rivals. Health team? No rivals. Stores and support? No rivals. Maps? Getting better and better. AR and AI? Beefing up the teams with dozens af acquisitions.

Apple will be around much longer than all of us.
Rating: 17 Votes
5 weeks ago
Doomed
Rating: 16 Votes
5 weeks ago
Apple is doomed I tell ya'll whippersnappers!
Rating: 14 Votes
5 weeks ago

If you believe that 2017 Apple is "running on fumes" you have no understanding of the firm, at all.

Apple is in the process to cornering all the core technologies they will need for the next generation producds. Silicon? No rivals. Industrial processes? No rivals. Accessibility? No rivals. Health team? No rivals. Stores and support? No rivals. Maps? Getting better and better. AR ans AI? Beefing up the teams with dozens af acquisitions.

Apple will be around much longer than all of us.

You have to remember, this guy thinks more RAM in a Mac, and a shiny new form factor for the iPhone is more important than all of those things you mentioned. I am on your side, they are doing some remarkable things that Steve had not dreamed of.
Rating: 12 Votes
5 weeks ago
Now give us a real workstation...
Rating: 7 Votes
5 weeks ago

You can only run on fumes for so long.

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Or, you can only claim that Apple is running on fumes for so long.
Rating: 6 Votes
5 weeks ago
That's the innovation! Making profits.
Rating: 6 Votes
5 weeks ago
Yet Tim can't figure out how to make a Mac :(
Rating: 5 Votes

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