Apple shares crossed the $200 mark in intraday trading today, setting a new all-time high for the company's stock.
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Apple's stock is up over five percent since the market closed on Tuesday, after the company reported a record-breaking $53.3 billion in revenue, meeting the high end of its guidance and topping Wall Street expectations.
All eyes are on the AAPL ticker as Apple hovers ever so close to a trillion dollar valuation, but the company's precise market cap can't be determined until Apple files its quarterly 10-Q form today with an updated total of outstanding shares.
Tag: AAPL
Top Rated Comments
Tbh this is just too much, they barely turn a dividend, the price is purely based on speculation and emotion...
If you want to bash Apple and its stock price, at least give a convincing reason. Please explain Google/Alphabet to me. The stock trades at a PE of 52. The stock pays NO dividend at all. Not only does Google pay no dividend but its shares have zero voting power. A few years ago, the founders put forward a proposal to create a dual stock structure with the common shares having NO voting rights. The founders basically told shareholders "we need to protect ourselves from you." Shareholders rewarded this blatant, unabashed, shameless one-fingered salute with an ever-expanding earnings multiple of 52.If Apple's stock price is based purely on speculation and emotion, then help me understand what Google's stock price is based on.
Tbh this is just too much, they barely turn a dividend, the price is purely based on speculation and emotion...
Speculation and emotion???? Are you kidding?The speculation that Apple is about to go out of business and the emotion of hate is what keeps AAPL down. It's trading at 18 P/E and it's only that high because of the recent run up.
If AAPL was treated like Google, it'd would have crossed $200 years ago.
just goes to show that the reality is different from the doom and gloom of good old Macrumours.
The doom and gloom refers to inconsistent product quality and Mac abandonment.We're all pretty convinced about Apple's mega success. No illusions there, just disillusioned at how quality =/= success.