Apple's Stock Price Crosses $200 Mark to Reach New All-Time High
Apple shares crossed the $200 mark in intraday trading today, setting a new all-time high for the company's stock.
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.
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Top Rated Comments
If Apple's stock price is based purely on speculation and emotion, then help me understand what Google's stock price is based on.
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.
We're all pretty convinced about Apple's mega success. No illusions there, just disillusioned at how quality =/= success.