Apple stock closes past $600 milestone for first time
Riding on a stock incentives plan and reports of record third-generation sales, Apple stock on Monday finally surged past the once elusive $600 barrier it has been tickling for the past few days.
After days of passing $600 intraday prices, only to fall back below the mark by the close of trading, Apple shares received a $15.53 bump which represented a 2.65 percent on Monday to finish at $601.10 for the first time in company history.
Apple stock has seen a meteoric rise, and has gained over 200 points since the end of December 2011.
The watershed price was fueled in part by an announcement earlier in the day in which CEO Tim Cook revealed that the company will be using part of its $100 billion in cash to offer a quarterly dividend of $2.65 per share and initiate a stock buyback program. The dividends are scheduled to kick in during Apple's fourth fiscal quarter of 2012, which begins on July 1. Both initiatives are expected to cost the company $45 billion over the next three years.
Another factor driving the bump in price per share was Cook's statement regarding the record-setting launch weekend enjoyed by Apple's third-generation iPad.
It was revealed after the markets closed on Monday that since the tablet's March 16 launch date, some 3 million new iPads were sold by Apple's retail stores and authorized resellers. The number does not include pre-orders made through Apple's online store, which were reportedly so voluminous that shipping companies were having trouble keeping up with deliveries on launch day.
Apple stock has enjoyed a steady rise, and is now worth over $600 per share. | Source:
[ View article on AppleInsider ]
Comments
Well done Team Apple!
And THAT, chronster, was a trolling comment.
Only $33 per share to go before Apple is finally worth more than Google!
And THAT, chronster, was a trolling comment.
I thought Apple was already worth A LOT more than Google?
I thought Apple was already worth A LOT more than Google?
You just don't get it do you?
I thought Apple was already worth A LOT more than Google?
Worth more per share, hence it being a trolling comment. AAPL is at 604.30, GOOG is at 632.75. Apple's valuation is about 2.75x more than Google.
AAPL market cap is now $150 Billion greater than XOM... AIR, they were trading places a month, or so, ago..
AAPL $ 560,447,607,000
XOM $ 410,003,094,790
The new iPad is going to revolutionize the way you poop while playing pointless games.
Only $33 per share to go before Apple is finally worth more than Google!
And THAT, chronster, was a trolling comment.
Ban the Troll!
Next Stops: 700 800 900
And it gets so much easier....
500 was a 25% gain from 400
600 was a 20% gain from 500
700 is 17% from 600
800 is 14% from 700
900 is 13% from 800
About 10 minutes later, some huge fucking bear comes along and swoosh! AAPL drops $15 in about 2 minutes.
Luckily for me, things turned out ok, because I just hung onto it and I held it until it slowly climbed it's way back up.
Maybe someone should create a forum specifically for Apple shareholders to whine on incessantly about the share price and the dividend to their hearts content without boring the rest of us to tears.
Since December: 400 500 600
Next Stops: 700 800 900
And it gets so much easier....
500 was a 25% gain from 400
600 was a 20% gain from 500
700 is 17% from 600
800 is 14% from 700
900 is 13% from 800
LoL, That is the Law of Large Numbers!
I liked the 1, 2 punch. Apple announces dividend and buy back before the market opens; then Apple announces record 3 millions sales of the new iPad after close.
And of course, Apple is Doomed.
Maybe someone should create a forum specifically for Apple shareholders to whine on incessantly about the share price and the dividend to their hearts content without boring the rest of us to tears.
We can call it, "AppleInsider Trading"!
I bought some AAPL today @600.50 in the premarket in anticipation of the financial announcement.
About 10 minutes later, some huge fucking bear comes along and swoosh! AAPL drops $15 in about 2 minutes.
Luckily for me, things turned out ok, because I just hung onto it and I held it until it slowly climbed it's way back up.
Now that you've taken the plunge: forget that you bought it, for a good while. Take the long view.
Don't be like Ireland.
Maybe someone should create a forum specifically for Apple shareholders to whine on incessantly about the share price and the dividend to their hearts content without boring the rest of us to tears.
Actually, you would be in the wrong forum, because this is AAPL Investors.
Now that you've taken the plunge: forget that you bought it, for a good while. Take the long view.
Don't be like Ireland.
I can admit when I'm wrong, and I've definitely made a couple of wrong moves lately. I guess my excuse is that I am new to this whole thing, so it was kind of exciting.
I did sell today, so I'm holding nothing at the moment. But, I am definitely going long soon, when the next opportunity presents itself. I am not waiting for a huge pullback, because that might not happen, and people will end up waiting forever, but I am waiting on a little pullback at least.
Now the shareholders have their dividends is there any chance the share price will stabilise and we can get back to talking about the products.
Maybe someone should create a forum specifically for Apple shareholders to whine on incessantly about the share price and the dividend to their hearts content without boring the rest of us to tears.
Why not skip the posts with headings specifically about such things? To post such a whine on a thread specifically about such things is boring me to tears.
p.s. Why not buy a few and feel the joy yourself. Heck, I bough both of my grandkids a very modest amount a few years back and see today they are worth north of 22K! I assure you you won't regret it in about five years.
Since December: 400 500 600
Next Stops: 700 800 900
And it gets so much easier....
500 was a 25% gain from 400
600 was a 20% gain from 500
700 is 17% from 600
800 is 14% from 700
900 is 13% from 800
Now re do it taking into account the time between these gains and see what the % gain is in time periods.
Why not skip the posts with headings specifically about such things? To post such a whine on a thread specifically about such things is boring me to tears.
p.s. Why not buy a few and feel the joy yourself. Heck, I bough both of my grandkids a very modest amount a few years back and see today they are worth north of 22K! I assure you you won't regret it in about five years.
I will do just that coz honestly all this share price and dividends stuff bores me to death.
If you didn't invest 2 or 3 years ago before the share price skyrocketed there really is no point investing now. To get the same returns APPL would have to rise to $1200.
Good luck with your shares. I hope they make you very rich. It's not for me though.