Apple's Stock Price Rises Above $160 Mark to Set New All-Time High
Apple shares are currently trading for between $161 and $162, eclipsing the $160 mark for the first time ever and setting a new all-time intraday high. The nearly 2 percent rise in Apple's stock price gives the company a market valuation of around $835 billion on its path to becoming a trillion dollar company.
Apple's previous all-time high in intraday trading was $159.75, set after its third quarter earnings results beat expectations. Apple's record close is $157.14, which could be topped today after less than one week. Conversely, Apple's 52-week low is $102.53, set September 12, 2016, five days after its iPhone 7 event.
With focus shifting to the so-called iPhone 8 upgrade supercycle expected later this year, AAPL price targets range between $140 and $208.
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Top Rated Comments
The iPhone installed base has grown by 500M users.
The iPad installed base has grown by 175M users, sales have increased by 15%.
The Mac installed base has grown by 50M users.
Apple introduced Apple Watch, the company's first wearable product. Approximately 18M Apple Watches, a device positioned as an iPhone accessory, have been sold to date.
Apple is earning more than $6B per year of revenue through app sales via the App Store.
Apple successfully made the difficult jump from a paid music download model to streaming and is approaching 20M paying Apple Music subscribers.
Apple continues to push forward with Apple TV. The company is approaching 10M units sold since the device was updated in 2015. Apple continues to develop key services including Apple Pay, Messages, and Maps.
https://www.aboveavalon.com/notes/2016/12/6/milking-the-iphone
Pretty sure I'm doing better than Warren Buffet at this whole stocks thing.
(Of course, I'm basically just gambling, so I only have $533 worth of stocks that I personally manage. One stock of AAPL. One stock of TSLA. Feels better to own them than to say, "Darn, I knew that'd happen, I should have bought some stock.")