Apple shares hit new all-time high

Shares of Apple Inc. today surged $4.90, or 3.30% to close at $153.18 on volume of 42.34 million shares to set a new all-time closing high.

In after hours action, Apple shares currently stand up $0.33 at $153.51.

Apple’s previous 52-week high was $149.85, set yesterday. Apple’s 52-week low is $72.60, set on October 11, 2006.

At market close, Apple’s market value stands at $133,211,608,380, just slightly less than Hewlett-Packard’s $133,510,961,220 (the two traded places at times during trading today).

AAPL quote via NASDAQ here.

MacDailyNews Note: “I am putting a sell on Apple, the company that created the iPhone,” Laura Goldman, investment advisor, LSG Capital, May 21, 2007. AAPL closed at $111.98 that day.

38 Comments

  1. MDN, where do you get your numbers? My quotes say that HP’s market cap closed at $131.4B, and Apple’s closed at $133.2B, so Apple’s ahead. ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

  2. Get your FUD warnings ready for this oh ye blind to anything not flattering about Apple…. But,

    One of our IT guys is an Apple developer. His repeated comments are, as of today, that he has never seen any new seed, like the one for Leopard released last Friday, so far from being ready this close to public release. Many, many things left to fix such as getting about half of the iLife suite to actually launch and, when it does, remain stable past a couple of clicks.

    Such as all kinds of issues with Safari.

    Such as about half of third party apps crashing on launch.

    Those kind of problems, and many more, make me worried that Leopard could be the Vista of the Apple world.

    If so, what then happens to AAPL?

  3. @ Prediction

    “. . . he has never seen any new seed, like the one for Leopard released last Friday, so far from being ready this close to public release.”

    WELL, WE ALL HAVE, you dolt. It’s called “Vista”! (And as an Apple developer myself, your IT guy doesn’t know what he’s talking about–just like you.)

  4. No Chrissy and Randian, I’ve not used the pre-release Leopard. But, I bet my guy has been at this game longer than either of you.

    Just for a moment, really tell us if Leopard is going to be as ready as say, Tiger was when I stood in line to buy it on day one. I’m not trolling for FUD comments and I’m not putting this out for fun.

    I’m also not planning on standing in line to get it on day one this time. As a holder of a lot of AAPL I’m just worried.

    So, shoot straight. Is it ready or not? It’s no crime to say it’s not and no real loss if Apple delays until it it ready.

    The recent announcement about the Apple hardware configuration you need is another sign they are still working on this baby at Cupertino and I don’t want it shoved out prematurely.

  5. “I bet my guy has been at this game longer than either of you.”

    I’ll bet he hasn’t been at it longer than I have.

    Leopard is still under development. Apple will release it when it’s ready, not before. If they were satisfied with MS’s quality levels, then they could have released the WWDC build from 2006.

    “Is it ready or not?”

    Of course not. That’s why it hasn’t shipped yet. Duh.

    “I don’t want it shoved out prematurely.”

    Neither does anyone at Apple. That’s not the way they operate.

    -jcr

  6. “I bet my guy has been at this game longer than either of you.”

    I’ll bet he hasn’t been at it longer than I have.

    Leopard is still under development. Apple will release it when it’s ready, not before. If they were satisfied with MS’s quality levels, then they could have released the WWDC build from 2006.

    “Is it ready or not?”

    Of course not. That’s why it hasn’t shipped yet. Duh.

    “I don’t want it shoved out prematurely.”

    Neither does anyone at Apple. That’s not the way they operate.

    -jcr

  7. We started with two people, one boat and the Apple IIc. I guess you could say I’m Mr. Jobs, and Gump is the WOZ. Anyway, we now employ over 120 people, eleven shrimp boats, 24 iMacs, 17 iPhones, 10 MacBook Pros, and 4 Mac Pros. Thanks, Apple.

  8. @ Prediction

    I’ve got a fistful of cash that says your IT guy has NOT been developing software (or just supporting it) longer than my company and I have.

    Ask him this: Does he have an original “Fat Mac” sitting on a shelf in his downstairs family room right now? Does he have an original Mac Portable (all 20 lbs. of it) on that same shelf? Did he ship an award-winning program for the Mac in 1988 (a gradebook program for teachers) that still ships today?

    Ask him if he’s been buying AAPL since the mid-80’s, sticking with it through thick, thin, Scully, Amelio, the Cube, et al., amassing 5700 shares thereof at an average price of $12.50.

    If he (and you) have a better experience–firsthand–with Apple, the Mac, Steve Wozniak, and Steve Jobs than I, I’ll listen to what you two have to say. Otherwise, lead, follow, or get out of the way.

  9. I did a double-take, because my google financial page shows HP at $131.4B, while Apple is now at $133.2B. Basically at around 1:40pm ET, Apple began its ascent past HP. Apple is now the most valuable personal computer manufacturer in the world, isn’t it? Says alot for that 5% market share.

  10. You’re awesome! Is that shit really true—’cause if it is YOU’RE AWESOME—no, no, you’re better than awesome… YOU’RE THE SHIT!

    MDN please give Randian her own space on this site. Daily posts wouldn’t be enough. Twice daily posts, please. You could call it ‘God’s Apple Tidbits’ or ‘I’m Awesome and Here’s Why’. How about ‘Everybody Sucks Except Me’ or ‘Did I Tell You About My Old Macs?’ It would be great.

  11. Just checked your link to the Nasdaq page. It shows, as you note that HP is $133.5B, but HP is a NYSE stock, so perhaps the Nasdaq has it wrong.

    I went to the NYSE page, and it has HP’s market cap at $131.4B, just as my Google finance page has it. I would go with the NYSE’s page, seeing as HPQ is a NYSE stock.

    So, it’s safe to say that Apple did indeed pass HP today, a historic day, if you ask me, as Apple has become the most valuable pc company of them all! Woohoo!

  12. Yes, Apple is ahead of HPQ again.

    Apple finally reached the $150 mark, later than expected, because of problems with the stock market in general (interest rates etc), and the price cut on the iPhone.

    those problems are now resolved, or taken into account, so there is no reason (currently) that the stock is not going to climb even more, especially because it’s current value is not based on speculation about new products, but on real results.

    the Nano, the new iMac, and the iPhone release in France, the UK and germany will make the next quarter the best ever (again)

  13. @ prediction
    if what u say is true, it might mean that leopard will be late, bit that instability can also be the result of ONE simple bug, affecting all apps and more.

    @ randian
    nice to “meet” a fellow developer (i started developing in 84, Fileguard, Diskguard and more), but, i don’t think that your message @ prediction(even if i appreciate it) shows in any way that he is wrong.

    did u test the latest seed (i didn’t), that’s what he was talking about, even if i don’t agree with his conclusions about the impact a delayed released of Leopard could have on the Apple stock, i don’t see how being an expert mac developer, has anything to do with it.

  14. @ randian

    I guess we’ll soon see, won’t we?

    Since you are are so sure of yourself, will you please let us all know when you sell any of your AAPL – with your history in the stock, it appears that you would be the last to bail unless, that is, your inside contacts, long history with Steve et al, causes you to break out in night sweats when you feel your fortune is threatened by the premature release of an OS that is the victim of iPhone.

    In any event, like I said, we’ll soon see…

  15. @Prediction

    Really? Well, MY IT guy has been playing with 559 for a bit, and here’s what HE had to say:

    Most apps work great. Some code touching the kernel seems to have issues, but perhaps it’s because he didn’t have time to recompile things from scratch. iApps were fine. PDF bugs have been resolved, Time Machine seems to be behaving, for a change. Spotlight is good, but needs some tweaking, as does Finder. Mail has come a long way, and has few remaining issues… and on and on.

    BTW – the OS does not conform to its apps – it’s the other way around. Apple tries not to break TOO much – but most developers will have a point release to make. This is a fairly tame set of changes, though.

    Verdict? NOT RC1 (duh), but we’ll probably see it within a week. The bugs (NO kernel panics, less beachballing than 10.4.10) are penny-ante, and quite squashable.

    There are a lot of folks out there carping about how there is nothing revolutionary in Leo. I’m sure some of the shinies don’t ignite their fancy, but the underpinnings code, all going universal, and etc, has to have been a major effort. That’s where the time is going – making the necessary and thankless optimizations to really move ahead in its new Intel home.

    ‘Course, it is also faster on a G4 PowerBook, even running off a FireWire external drive. VERY impressive.

    “Just for a moment, really tell us if Leopard is going to be as ready as say, Tiger was when I stood in line to buy it on day one.”

    Regarding that – I had the Tiger RC1 installed, back in the day, and I remember the carnage that ensued, both with it and the shipping version. I put up with it because I wanted some of the Tiger functionality VERY much.

    Point of fact, there are a number of people around me who didn’t upgrade for a while because all the KPI changes broke the heck out of code they needed to use. This will be a relatively smooth upgrade in comparison.

  16. @ me (no not me, him )

    u wrote:

    “BTW – the OS does not conform to its apps – it’s the other way around. Apple tries not to break TOO much – but most developers will have a point release to make. This is a fairly tame set of changes, though.”

    that is not completely true, all applications that follow decade old guidelines should work, updates should not be required, unless Leopard reveals a latent bug in an application.

    and, Apple has actually worked around bugged applications (especially those from microsoft), i hope they are not doing that anymore.

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