Shares of Apple close at all-time high of $160.08, blowing past previous record

AppleInsider · August 8, 2017 8:03PM

As hype for the "iPhone 8" continues to build, investors are buying in on Apple stock, sending shares to new record highs on Tuesday. The gains held throughout the day, allowing AAPL stock to close above the $160 mark for the first time ever.

Prior to Tuesday's record setting close of $160.08, the previous all-time high was $157.14.

Apple also exceeded its intraday trading record, surging past the old record of $159.75. During trading on Tuesday, shares of AAPL went as high as $161.83.

Apple stock has been a strong performer of late, and has seen a considerable upswing since the company announced better-than-expected third-quarter earnings last week. The company also provided investors with strong guidance for the current September quarter, leading to expectations that the highly anticipated "iPhone 8" will debut before September is through.

Apple's gains throughout 2017 have been relatively steady, after shares of the company started off the year around $116.

carnegie · August 8, 2017 8:13PM

AppleInsider said:

...

Prior to Tuesday's record setting close of $160.08, the previous all-time high was $157.14.

Apple also exceeded its intraday trading record, surging past the old record of $159.75. During trading on Tuesday, shares of AAPL went as high as $161.83.

...

AAPL's previous all-time closing high was the $158.81 that it closed at yesterday.

JanNL · August 8, 2017 8:21PM

sog35 said:

Like I've been saying since late last year: $170 by end of 2017.

Glad I don't listen to teh bull shit media who was dumping on Apple all last year and the beginning of this year. My shares are looking NICE.

Prediction for 2018? Too early to tell. But we could see $200.

Don't start any new predictions please

It was a nice day, "stockwise".

lordjohnwhorfin · August 8, 2017 8:29PM

The beleaguered computer manufacturer...

y-notround2 · August 8, 2017 8:42PM

Apple could always Split 1 to 5 and give a other Run up to 150 in the next 10 years.
1 was gifted one Apple Stock a number of years ago. (Oct 2001)
it Doubled once
and then split 7 fold.
making the Gesture of one Stock in a frame value at the time 1 US Dollar
now 14 stock valued at $ 2240
Now if.......

ihatescreennames · August 8, 2017 9:14PM

sog35 said:

y-notround2 said:

Apple could always Split 1 to 5 and give a other Run up to 150 in the next 10 years.
1 was gifted one Apple Stock a number of years ago. (Oct 2001)
it Doubled once
and then split 7 fold.
making the Gesture of one Stock in a frame value at the time 1 US Dollar
now 14 stock valued at $ 2240
Now if.......

That would mean Apple would be worth close to $3.5 trillion.

Maybe he means the value of the frame was $1?

It wouldn't surprise me if his current valuation is correct but he's off on the original, 2001, price. I can't remember AAPL being that low since I started paying attention to it, which was long ago.

rob53 · August 8, 2017 9:16PM

sog35 said:

y-notround2 said:

Apple could always Split 1 to 5 and give a other Run up to 150 in the next 10 years.
1 was gifted one Apple Stock a number of years ago. (Oct 2001)
it Doubled once
and then split 7 fold.
making the Gesture of one Stock in a frame value at the time 1 US Dollar
now 14 stock valued at $ 2240
Now if.......

That would mean Apple would be worth close to $3.5 trillion.

No, that means AAPL would be worth #3.5Trillion making a lot of stock holders very happy. Apple only gets whatever amount of AAPL stock they hold as do Apple employees with stocks.

radarthekat · August 8, 2017 9:23PM

Prediction: At the slightest hiccup in the stock price our friend Sog will be back to calling for Tim Cook's head. That's what I recall most vividly. Fact is, it's arguable Tim Cook was, and continues to be, the very best choice to lead Apple. By a wide margin. To my mind, the very worst and most myopic of calls was made by those who never grokked this and repeatedly called for Cook's ouster.

sflocal · August 8, 2017 9:26PM

radarthekat said:

Prediction: At the slightest hiccup in the stock price our friend Sog will be back to calling for Tim Cook's head. That's what I recall most vividly. Fact is, it's arguable Tim Cook was, and continues to be, the very best choice to lead Apple. By a wide margin. To my mind, the very worst and most myopic of calls was made by those who never grokked this and repeatedly called for Cook's ouster.

The forum has been better with Sog's silence.

anome · August 8, 2017 9:50PM

All I know is that this would never have happened if Steve were alive!

(Too soon?)

y-notround2 · August 8, 2017 10:26PM

ihatescreennames said:

sog35 said:

y-notround2 said:

Apple could always Split 1 to 5 and give a other Run up to 150 in the next 10 years.
1 was gifted one Apple Stock a number of years ago. (Oct 2001)
it Doubled once
and then split 7 fold.
making the Gesture of one Stock in a frame value at the time 1 US Dollar
now 14 stock valued at $ 2240
Now if.......

That would mean Apple would be worth close to $3.5 trillion.

Maybe he means the value of the frame was $1?

It wouldn't surprise me if his current valuation is correct but he's off on the original, 2001, price. I can't remember AAPL being that low since I started paying attention to it, which was long ago.

Sorry about that the 1 in the second line should have been a "I" and the Stock Price of the Gifted 1 Apple Stock on the 4th of October 2001 it value then was around $15 , the Price i quoted was the split adjusted price (https://www.historicalstockprice.com/history/?a=historical&ticker=AAPL&month=10&day=04&year=2001) Sorry for the mistake.
But still a amazing trip for one Paper Stock where the Frame was possible more expensive than the Printed Stock. And now I am considering moving it to my Portfolio. My Broker expressed it might even be more valuable today because Paper Stocks are no longer being offered.

Rayz2016 · August 8, 2017 10:52PM

radarthekat said:

Prediction: At the slightest hiccup in the stock price our friend Sog will be back to calling for Tim Cook's head. That's what I recall most vividly. Fact is, it's arguable Tim Cook was, and continues to be, the very best choice to lead Apple. By a wide margin. To my mind, the very worst and most myopic of calls was made by those who never grokked this and repeatedly called for Cook's ouster.

Absolutely. Sog35 is the worst kind of investor: a short-term thinker who is over-exposed and fixated on one stock.

gmgravytrain · August 8, 2017 11:11PM

$160 a share! This can't possibly be. Apple is trying to break 'THE LAW OF LARGE NUMBERS' barrier, yet again. I'm not sure what share price that barrier is set at but Apple must be getting very close to bring the analyst and pundit cockroaches out from under their dark hiding places. CNBC usually tries to find at least several 'well-informed' Apple critics a few times a week so they can face the camera and start telling everyone that Apple is really in trouble or they've discovered no one will be buying Apple's coming $1500!!! iPhone or there never was an iPhone 'super cycle' and there never will be one in the future. They'll go on to say how Apple is a house of cards waiting for a gentle breeze to knock it down.

To some people, no matter what Apple does or how much revenue and profits Apple makes or how large Apple's reserve cash pile grows, Apple is truly and forever DOOMED. These know-it-all geniuses will claim that without Steve Jobs orchestrating the company, Apple will eventually end up in ruins. Another day, another Apple failure. Failure can't happen to any of the FANG stocks because they are the perfect companies run by perfect CEOs. Only Apple can fail. So Apple bulls, don't get so cocky. It's only a matter of weeks before we discover there is no new iPhone in the pipeline and what we've seen so far is just a case of mass hypnosis. SELL... APPLE... NOW! Warren Buffett is secretly selling his Apple shares before anyone is the wiser. Tim Cook is suffering from dementia. Jony Ive is currently designing an iToaster using an A12 processor. The end is near for Apple.

/s /s /s

SpamSandwich · August 8, 2017 11:36PM

Keep it up and thanks, Apple. A lot of us are going to be retiring soon thanks to this.

StrangeDays · August 8, 2017 11:37PM

sog35 said:

Like I've been saying since late last year: $170 by end of 2017.

Glad I don't listen to teh bull shit media who was dumping on Apple all last year and the beginning of this year. My shares are looking NICE.

Prediction for 2018? Too early to tell. But we could see $200.

I bet you’re also glad you didn’t listen to yourself when you said they should fire Cook. rolleyes

bluefire1 · August 9, 2017 12:07AM

radarthekat said:

Prediction: At the slightest hiccup in the stock price our friend Sog will be back to calling for Tim Cook's head. That's what I recall most vividly. Fact is, it's arguable Tim Cook was, and continues to be, the very best choice to lead Apple. By a wide margin. To my mind, the very worst and most myopic of calls was made by those who never grokked this and repeatedly called for Cook's ouster.

Couldn't agree with you more! Tim Cooke and Apple are firing on all cylinders and the results are reflected in the company's stock price. Originally I was only going to purchase the 2017 MacBook Pro with TouchBar, 10.5" iPad Pro and iPhone 8 this year, but now I've added HomePod, Apple Watch 3 with LTE and Apple TV with 4K to the list. 2017 isn't just the banner anniversary year for the iPhone: it's the year that Apple came roaring back across virtually all product lines.
Keep living by the motto "Carpé Diem" Tim, and kudos to you for filling a legend's shoes with a winning formula and with honor.

RonnnieO · August 9, 2017 12:27AM

sog35 said:

Like I've been saying since late last year: $170 by end of 2017.

Glad I don't listen to teh bull shit media who was dumping on Apple all last year and the beginning of this year. My shares are looking NICE.

Prediction for 2018? Too early to tell. But we could see $200.

YOU were dumping on Apple and Tim Cook last year. That's all we heard.

anantksundaram · August 9, 2017 12:56AM

sog35 said:

Like I've been saying since late last year: $170 by end of 2017.

Glad I don't listen to teh bull shit media who was dumping on Apple all last year and the beginning of this year. My shares are looking NICE.

Prediction for 2018? Too early to tell. But we could see $200.

Just stop. This is nonsensical b-s.

Short of being a great astrologer or an amazing psychic -- both oxymorons -- you have zero basis for forecasting prices, let alone sentiment, momentum and growth.

DCJ0001 · August 9, 2017 1:13AM

sog35 said:

Like I've been saying since late last year: $170 by end of 2017.

Glad I don't listen to teh bull shit media who was dumping on Apple all last year and the beginning of this year. My shares are looking NICE.

Prediction for 2018? Too early to tell. But we could see $200.

Like I've been saying since late last year: $200 by end of 2017.

Prediction for 2018? Too early to tell. But we could see $275.

jungmark · August 9, 2017 2:22AM

But but but too reliant on iPhone, increased competition, no innovation, Jobs would never, ...

MacPro · August 9, 2017 12:33PM

DCJ0001 said:

sog35 said:

Like I've been saying since late last year: $170 by end of 2017.

Glad I don't listen to teh bull shit media who was dumping on Apple all last year and the beginning of this year. My shares are looking NICE.

Prediction for 2018? Too early to tell. But we could see $200.

Like I've been saying since late last year: $200 by end of 2017.

Prediction for 2018? Too early to tell. But we could see $275.

I say "Touch Wood". I'm not superstitious either

Shares of Apple close at all-time high of $160.08, blowing past previous record

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