or Connect
AppleInsider › Forums › Investors › AAPL Investors › Apple stock closes above $550, breaks into positive territory for the year
New Posts  All Forums:Forum Nav:

Apple stock closes above $550, breaks into positive territory for the year

post #1 of 33
Thread Starter 
At the close of Friday's trading on the NASDAQ exchange, Apple's stock settled at $556 --?up 10 points on the day -- marking the first time that shares of the iPhone maker have closed above $550 this year.

AAPL


Apple came into 2013 at $554 but slipped to $549 on Jan. 2, the first trading day of the year. Shares dipped as low as $392 in mid-April?--?a trough nearly matched again in June, and one for which some analysts blamed opportunistic short sellers --?but have recovered steadily since the summer.

Cupertino again broke $500 in the days leading up the announcement of the flagship iPhone 5s and mid-range iPhone 5c, and has continued to climb on the back of strong sales of the handsets as well as the all-new iPad Air and second-generation iPad mini, which now comes equipped with a Retina display.

The company's stock resurgence has still not satisfied its most vocal investors, however.

Activist investor Carl Icahn --?who revealed a $2.5 billion position in August that has since swelled to over $4 billion --?continues to call for an increase in Apple's stock buyback program, which is already the largest such program in corporate history. Icahn has pressed the issue in person during meetings with Apple CEO Tim Cook, exchanges which are said to have been "a little testy."

Adding to the pressure from Wall Street is Greenlight Capital chairman David Einhorn, who earlier in the year famously sued Apple for keeping what he believed to be too much cash on hand. Though Einhorn dropped the lawsuit, he still believes Apple is not doing enough with its over $140 billion in cash, telling CNBC that he believes "More could be done that would unlock probably even more value, but it's not so bad at this point that I want to complain about it."

As of October, Apple's corporate cash hoard represented more than 10 percent of all non-financial corporate reserves in the United States.
post #2 of 33
Einhorn: why doesn't Apple just quit wasting its time making silly electronic gadgets and just focus on its core business, manipulating its stock for the benefit of investors?
A.k.a. AppleHead on other forums.
Reply
A.k.a. AppleHead on other forums.
Reply
post #3 of 33

The fandroids have been pretty quiet of late with all this positive Apple news and soaring stock price.

Help! I'm trapped in a white dungeon of amazing precision and impeccable tolerances!

Reply

Help! I'm trapped in a white dungeon of amazing precision and impeccable tolerances!

Reply
post #4 of 33

Hope everyone is happier now, since so many of you really care more about the stock than the technology.

post #5 of 33
Originally Posted by GadgetCanadaV2 View Post
The fandroids have been pretty quiet of late with all this positive Apple news and soaring stock price.

 

Oh, they’ll drum up a false story and send it plunging again next week; you’ll see. I have full confidence in the speculators that they won’t let a good deed go unravaged.

Originally Posted by Slurpy

There's just a TINY chance that Apple will also be able to figure out payments. Oh wait, they did already… …and you’re already fucked.

 

Reply

Originally Posted by Slurpy

There's just a TINY chance that Apple will also be able to figure out payments. Oh wait, they did already… …and you’re already fucked.

 

Reply
post #6 of 33
Quote:
Originally Posted by GadgetCanadaV2 View Post

The fandroids have been pretty quiet of late with all this positive Apple news and soaring stock price.

Their mom took away their Internet privileges.

"Apple should pull the plug on the iPhone."

John C. Dvorak, 2007
Reply

"Apple should pull the plug on the iPhone."

John C. Dvorak, 2007
Reply
post #7 of 33
Quote:
Originally Posted by Suddenly Newton View Post

Their mom took away their Internet privileges.
Now that's funny. Yay! Go Apple! Making the best products in the world, and holding your stock share strong. Way to go!!
post #8 of 33
Quote:
Originally Posted by GadgetCanadaV2 View Post
 

The fandroids have been pretty quiet of late with all this positive Apple news and soaring stock price.

 

Reality has never stopped them, or us, before. They attack us, we attack them. It’s like a scene out of the Godfather or West Side Story... two rival gangs hammering away at each other. The financial trolls are only interested in money so they will say anything to support their shorts or longs. The fanboys of both camps will say anything, spin anything, distort anything to make the other side look bad. It’s kind of sordid really.

post #9 of 33
Actually, Apple broke into positive territory Tuesday, not today. Today it's up 4.49% over the beginning of the year, rising 1.85% on the day.
post #10 of 33
Thank goodness for small favors. It's high time Apple stock started to move. It's only taken nearly all of 2013 to get some life into a very left-for-dead stock. Even companies like H-P, Cisco and Intel have put Apple to shame as an investment in 2013. It's hard for me to fathom how a company like Apple that has a huge mountain of cash reserve can't create some sort of an additional revenue stream and simply allows shareholders to be bashed in their heads while the entire stock market is reaching record heights and every other tech company is making out like a bandit. Money was being thrown around like confetti by investors and Apple got next to nothing. Amazon, Google, Netflix and Priceline have gone into the stratosphere while Apple simply sat parked in the hangar without an engine or a pilot.

Exactly what kind of management is Apple running when they can't take advantage of a market where investors are just throwing money at everything, no matter how risky? It's not that easy to turn one's company into a toxic investment. A company would have to do something very, very wrong. H-P must be one of the sickest tech companies around and yet it's share price doubled in 2013. It just seems like Apple took a leave of absence the entire year. Apple treats shareholders like dirt considering the amount of wealth the company has at its disposal for anything it could possibly dream of doing. I'm just hopeful Apple doesn't shaft shareholders like they did last year by handing over their entire mobile business to Samsung two years in a row. What a fiasco that was. It still hurts to think about it.
post #11 of 33
Quote:
Originally Posted by GadgetCanadaV2 View Post
 

The fandroids have been pretty quiet of late with all this positive Apple news and soaring stock price.

 

They're probably out physically shopping since they're obviously not doing it online =D

 

I consider myself a fandroid, but I'm happy both for Apple's product success and for their investors' pockets.

 

Go figure.

post #12 of 33
Quote:
Originally Posted by Constable Odo View Post
Money was being thrown around like confetti by investors and Apple got next to nothing. Amazon, Google, Netflix and Priceline have gone into the stratosphere while Apple simply sat parked in the hangar without an engine or a pilot.

Exactly what kind of management is Apple running when they can't take advantage of a market where investors are just throwing money at everything, no matter how risky? 

Ha ha! That's funny. 

 

Oh wait, you're serious?!

 

Apple makes more profit than all those other companies - probably combined. That is Apple's sin. They quietly make great products & services which leads to mountains of profit. The market is not rational. If Apple had a P/E similar to those other companies, it would be priced in the thousands per share.

 

- Jasen.

post #13 of 33
Quote:
Originally Posted by Constable Odo View Post

Thank goodness for small favors. It's high time Apple stock started to move. It's only taken nearly all of 2013 to get some life into a very left-for-dead stock. Even companies like H-P, Cisco and Intel have put Apple to shame as an investment in 2013. It's hard for me to fathom how a company like Apple that has a huge mountain of cash reserve can't create some sort of an additional revenue stream and simply allows shareholders to be bashed in their heads while the entire stock market is reaching record heights and every other tech company is making out like a bandit. Money was being thrown around like confetti by investors and Apple got next to nothing. Amazon, Google, Netflix and Priceline have gone into the stratosphere while Apple simply sat parked in the hangar without an engine or a pilot.

Exactly what kind of management is Apple running when they can't take advantage of a market where investors are just throwing money at everything, no matter how risky? It's not that easy to turn one's company into a toxic investment. A company would have to do something very, very wrong. H-P must be one of the sickest tech companies around and yet it's share price doubled in 2013. It just seems like Apple took a leave of absence the entire year. Apple treats shareholders like dirt considering the amount of wealth the company has at its disposal for anything it could possibly dream of doing. I'm just hopeful Apple doesn't shaft shareholders like they did last year by handing over their entire mobile business to Samsung two years in a row. What a fiasco that was. It still hurts to think about it.

I have no idea as to what your post is about. You write as though Apple deliberately ground down the price of their stock.
post #14 of 33
Quote:
Originally Posted by Constable Odo View Post

Thank goodness for small favors. It's high time Apple stock started to move. It's only taken nearly all of 2013 to get some life into a very left-for-dead stock. Even companies like H-P, Cisco and Intel have put Apple to shame as an investment in 2013. It's hard for me to fathom how a company like Apple that has a huge mountain of cash reserve can't create some sort of an additional revenue stream and simply allows shareholders to be bashed in their heads while the entire stock market is reaching record heights and every other tech company is making out like a bandit. Money was being thrown around like confetti by investors and Apple got next to nothing. Amazon, Google, Netflix and Priceline have gone into the stratosphere while Apple simply sat parked in the hangar without an engine or a pilot.

Exactly what kind of management is Apple running when they can't take advantage of a market where investors are just throwing money at everything, no matter how risky? It's not that easy to turn one's company into a toxic investment. A company would have to do something very, very wrong. H-P must be one of the sickest tech companies around and yet it's share price doubled in 2013. It just seems like Apple took a leave of absence the entire year. Apple treats shareholders like dirt considering the amount of wealth the company has at its disposal for anything it could possibly dream of doing. I'm just hopeful Apple doesn't shaft shareholders like they did last year by handing over their entire mobile business to Samsung two years in a row. What a fiasco that was. It still hurts to think about it.

Groan.

Another incoherent rant from the Constable. He's still smarting from feeling like a fool for having bought in at $700.
post #15 of 33
Quote:
Originally Posted by Constable Odo View Post

every other tech company is making out like a bandit.

Twitter - $22.6b
Yahoo - $37.5b
Facebook - $114b
Amazon - $180b
Microsoft - $318b
Google - $354b
Apple - $500b
post #16 of 33
Quote:
Originally Posted by Constable Odo View Post

... It's hard for me to fathom how a company like Apple that has a huge mountain of cash reserve can't create some sort of an additional revenue stream and simply allows shareholders to be bashed in their heads while the entire stock market is reaching record heights and every other tech company is making out like a bandit...

 

Only the SPECULATORS were getting bashed ... INVESTORS have been doing quite well via Apple...  I have shares purchased for $60 and they did just fine in 2013. :)

Even the majority that were purchased at $130 have been "up" for years now ... AND generating dividends (recently).

From out there on the moon, international politics look so petty. You want to grab a politician by the scruff of the neck and drag him a quarter of a million miles out and say, "Look at that!" -...
Reply
From out there on the moon, international politics look so petty. You want to grab a politician by the scruff of the neck and drag him a quarter of a million miles out and say, "Look at that!" -...
Reply
post #17 of 33
I had to buy a brand new Samsung Mini Galaxy SIII for someone who works for me.
After 6 days, she was unable to phone while in Germany for a business trip.
After 14 days, the battery was draining in less than 5 hours with very light usage (phone
calls only).
After 17 days, the phone stopped functioning : no phone call, no wifi, nothing.
Impossible to make it functional again. I filed a complaint with (professional) seller who pretended to fix the phone without giving any deadline for this. So Paypal refunded us.
I had two iPhone 3 from 2008, still perfectly functional until last month when I gave one to a monk and another to an elderly couple.
I replaced the Scamsung with an iPhone 5C. Gorgeous piece of phone.
post #18 of 33

Normally you would compare the price to the closing price last year to tell whether the price is in "positive territory" this year, just as you would compare today's price with yesterday's close. The closing price on Dec.31 2012 was 532.17 so Apple broke into positive territory a few days ago.

post #19 of 33
Quote:
Originally Posted by Constable Odo View Post

I'm just hopeful Apple doesn't shaft shareholders like they did last year by handing over their entire mobile business to Samsung two years in a row. What a fiasco that was. It still hurts to think about it.

Icahnn, is that you? If so. Go away.
post #20 of 33
Quote:
Originally Posted by kantx View Post

I had to buy a brand new Samsung ...
After 6 days, unable to phone ...
After 14 days, battery was draining ...
After 17 days, phone stopped functioning...
I filed a complaint ...

damn. I guess there's no "google store" at the mall where you could take it to have someone diagnose these issues...

in person...
for free...
even if you didn't buy it there...

ecosystems matter. infrastructure does too.

you know, stuff that costs money.

stuff that benefits customers at the short term expense of shareholders.

stuff that benefits everyone over the long term, i.e., not necessarily this quarter

things that make you go "hmmm"...
post #21 of 33
Quote:
Originally Posted by vaporland View Post


damn. I guess there's no "google store" at the mall where you could take it to have someone diagnose these issues...

in person...
for free...
even if you didn't buy it there...

ecosystems matter. infrastructure does too.

you know, stuff that costs money.

stuff that benefits customers at the short term expense of shareholders.

stuff that benefits everyone over the long term, i.e., not necessarily this quarter

things that make you go "hmmm"...

First and last time ever I'm being a customer for Scamsung. I also discovered their ridiculously complicated menu,

respective to clarity of IOS7.

Lilke a Nikocanon to a Leica.

post #22 of 33
Quote:
Originally Posted by Constable Odo View Post

Thank goodness for small favors. It's high time Apple stock started to move. It's only taken nearly all of 2013 to get some life into a very left-for-dead stock. Even companies like H-P, Cisco and Intel have put Apple to shame as an investment in 2013. It's hard for me to fathom how a company like Apple that has a huge mountain of cash reserve can't create some sort of an additional revenue stream and simply allows shareholders to be bashed in their heads while the entire stock market is reaching record heights and every other tech company is making out like a bandit. Money was being thrown around like confetti by investors and Apple got next to nothing. Amazon, Google, Netflix and Priceline have gone into the stratosphere while Apple simply sat parked in the hangar without an engine or a pilot.

Exactly what kind of management is Apple running when they can't take advantage of a market where investors are just throwing money at everything, no matter how risky? It's not that easy to turn one's company into a toxic investment. A company would have to do something very, very wrong. H-P must be one of the sickest tech companies around and yet it's share price doubled in 2013. It just seems like Apple took a leave of absence the entire year. Apple treats shareholders like dirt considering the amount of wealth the company has at its disposal for anything it could possibly dream of doing. I'm just hopeful Apple doesn't shaft shareholders like they did last year by handing over their entire mobile business to Samsung two years in a row. What a fiasco that was. It still hurts to think about it.

 

Oh please, just shut the **** up. I think I speak for this entire forum when I say we're beyond sick of your mind-numbingly asinine rants. Maybe the rapidly rising stock should have clued you in to the fact that investors/analysts were wrong, as were their assessments, and now they're correcting that. THEY were wrong, and not Apple.  Even with this story, instead of saying a shred of something positive, all that comes out of you is incessant bile. So what exactly do you expect for the future? Should Apple's stock price keep rising, linearly, to perpituity? How does that work, exactly? And when if it doesnt (cause you know, we live in reality, where that's impossible), is Apple a failure of a company? In case you haven't noticed, Apple doesn't, and has NEVER, ran itself to please shareholders. Also, amazing how Apple "handed its entire mobile business to Samsung" while increasing it's sales dramatically over 2 years. That's some fucked up, twisted math you're using to back up your shit-filled ramblings. Incredibly, Apple saw record sales, revenue, and profit when it had "no engine, and no pilot" as you say, and last I checked, those are some pretty fucking important in order to define the success of a company.  Instead of spending all your time mocking and attacking the leadership of the most successful company on the planet, maybe you should assess what exactly you've accomplished in life to make you think you're in a position to dish out such mockery. Other than being a hate-filled keyboard warrior, that is. If I didn't own stock, I'd almost wish it would drop to zero just to spite you, you deserve to lose all that money because of your incredibly shitty, short-sighted perspective. Comparing Apple to those other companies, and saying they're "making out like bandits" shows where your priorities lie, in terms of the goals of these companies.  I invested @ $400 because I had confidence in the company. I was right. Apple was right. You were wrong. Investors were wrong. Deal with it. Apple doesn't owe you, or anyone, a fucking thing. Stop acting as if they do. 


Edited by Slurpy - 11/30/13 at 11:49pm
post #23 of 33

I am a tech guy not an investor, but I know enough to know that price goes up when supply goes down. And Apple has been buying up a lot of their own stock haven't they, so could that explain it?

post #24 of 33
Quote:
Originally Posted by Constable Odo View Post

Thank goodness for small favors. It's high time Apple stock started to move. It's only taken nearly all of 2013 to get some life into a very left-for-dead stock. Even companies like H-P, Cisco and Intel have put Apple to shame as an investment in 2013. It's hard for me to fathom how a company like Apple that has a huge mountain of cash reserve can't create some sort of an additional revenue stream and simply allows shareholders to be bashed in their heads while the entire stock market is reaching record heights and every other tech company is making out like a bandit. Money was being thrown around like confetti by investors and Apple got next to nothing. Amazon, Google, Netflix and Priceline have gone into the stratosphere while Apple simply sat parked in the hangar without an engine or a pilot.

Exactly what kind of management is Apple running when they can't take advantage of a market where investors are just throwing money at everything, no matter how risky? It's not that easy to turn one's company into a toxic investment. A company would have to do something very, very wrong. H-P must be one of the sickest tech companies around and yet it's share price doubled in 2013. It just seems like Apple took a leave of absence the entire year. Apple treats shareholders like dirt considering the amount of wealth the company has at its disposal for anything it could possibly dream of doing. I'm just hopeful Apple doesn't shaft shareholders like they did last year by handing over their entire mobile business to Samsung two years in a row. What a fiasco that was. It still hurts to think about it.

 

 

By the way, you should take English lessons - e.g. "its" not "it's". It hurts you to think because you're not good at it.


Edited by stelligent - 12/1/13 at 5:47am
post #25 of 33
Quote:
Originally Posted by KingOfSomewhereHot View Post
 

 

Only the SPECULATORS were getting bashed ... INVESTORS have been doing quite well via Apple...  I have shares purchased for $60 and they did just fine in 2013. :)

Even the majority that were purchased at $130 have been "up" for years now ... AND generating dividends (recently).

Great for you that you bought in at $60. But what are you smoking to think that your $AAPL shares did just fine in 2013? Only now has the share price gone back to its starting price at beginning of the year. 

 

You bought in at a great time, but what value you have now is no thanks to 2013.

post #26 of 33
Quote:
Originally Posted by ascii View Post
 

I am a tech guy not an investor, but I know enough to know that price goes up when supply goes down. And Apple has been buying up a lot of their own stock haven't they, so could that explain it?

Interesting question.

 

Let's look at $AAPL's latest run starting from its most recent low of $450 on Sept 16. On the same day, its market cap was $409B.

$AAPL is now at $556. Its current market cap is $500B.

 

The share price has gone up by 23.5%. The market cap has gone up by 22%. What do you think?

post #27 of 33
Quote:
Originally Posted by kantx View Post

I had two iPhone 3 from 2008, still perfectly functional until last month when I gave one to a monk and another to an elderly couple.

Why would a monk want an iPhone? Aren't they supposed to have taken a vow of silence?

 

Oh wait...there's always the Jesus app ;-)

 

https://itunes.apple.com/us/app/jesus-evangelism-tool-by-mobile/id318621078?mt=8

Shut up and go away, you useless, pathetic FUDmonger - Tallest Skil
Reply
Shut up and go away, you useless, pathetic FUDmonger - Tallest Skil
Reply
post #28 of 33
Quote:
Originally Posted by hentaiboy View Post
 

Why would a monk want an iPhone? Aren't they supposed to have taken a vow of silence?

 

Oh wait...there's always the Jesus app ;-)

 

https://itunes.apple.com/us/app/jesus-evangelism-tool-by-mobile/id318621078?mt=8

You should update your vision of a monk.

post #29 of 33
Quote:
Originally Posted by stelligent View Post
 

... But what are you smoking to think that your $AAPL shares did just fine in 2013? ...

 

Because I'm INVESTING... not SPECULATING.  I'm not playing short-term market changes, I own part of a company. I really don't care much about ups and down over periods of months ... that's just part of the game.  I'm more concerned with what I think my investment will be worth DECADES down the road (years, at the least.)

So despite the swings and "poor" performance if measured over ONLY the last 12 months, I'm taking a longer view, and my AAPL stock is still doing quite well.

 

The smoking, however, is going to have to wait till I'm done with my current "career".

From out there on the moon, international politics look so petty. You want to grab a politician by the scruff of the neck and drag him a quarter of a million miles out and say, "Look at that!" -...
Reply
From out there on the moon, international politics look so petty. You want to grab a politician by the scruff of the neck and drag him a quarter of a million miles out and say, "Look at that!" -...
Reply
post #30 of 33

It's pretty clear by now that the 2012 run up to $700 was not based on Apple's performance. It was unrealistic. It was based on the greed of a lot of Wall Street investment professionals who were late to the AAPL story and were jumping on the bandwagon at the last minute. The bandwagon broke from the weight of all those clowns, but note what happened in 2013: AAPL hit a bottom mid year & has been recovering steadily ever since. This represents the Facts about Apple reasserting themselves! Now, AAPL is poised on the threshold of a realistic run to $600, $700 & beyond, this time for real. This is not exactly the sad story many are making it out to be. Apple is doing fine. Leave Tim Cook alone & let him run it.

post #31 of 33
Quote:
Originally Posted by garyp View Post
 

It's pretty clear by now that the 2012 run up to $700 was not based on Apple's performance. It was unrealistic. It was based on the greed of a lot of Wall Street investment professionals who were late to the AAPL story and were jumping on the bandwagon at the last minute. The bandwagon broke from the weight of all those clowns, but note what happened in 2013: AAPL hit a bottom mid year & has been recovering steadily ever since. This represents the Facts about Apple reasserting themselves! Now, AAPL is poised on the threshold of a realistic run to $600, $700 & beyond, this time for real. This is not exactly the sad story many are making it out to be. Apple is doing fine. Leave Tim Cook alone & let him run it.

There is no such thing as a realistic, performance based run or an unrealistic run. When the wind blows, go with it and stop pretending you know when it is going to stop or change directions.

post #32 of 33
Quote:
Originally Posted by KingOfSomewhereHot View Post
 

 

Because I'm INVESTING... not SPECULATING.  I'm not playing short-term market changes, I own part of a company. I really don't care much about ups and down over periods of months ... that's just part of the game.  I'm more concerned with what I think my investment will be worth DECADES down the road (years, at the least.)

So despite the swings and "poor" performance if measured over ONLY the last 12 months, I'm taking a longer view, and my AAPL stock is still doing quite well.

 

The smoking, however, is going to have to wait till I'm done with my current "career".

I think he's talking about the fact that, while the stock has done well since you bought it years ago, it is right now the same as it was in early 2013. So 2013 has not be a good (or awful) year for the share. Once 2013 is not over yet!

post #33 of 33

I made a chunk of money buying AAPL as it dipped down in value this year, and sold yesterday at $572.  I think that's about what AAPL should be valued, or at least close enough that I want to take my profits.  

 

Personally I'm just waiting for a stock market correction at this point.  There are almost no "value" stocks available.  The stock market is very overvalued.  I still have a small portion of AAPL stock that I'll hang on to, but I'm young and am currently at something like 55% bonds 45% stocks.  I'll keep selling stocks if the stock market keeps moving up.

New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: AAPL Investors
AppleInsider › Forums › Investors › AAPL Investors › Apple stock closes above $550, breaks into positive territory for the year