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Apple share price hits $700 for the first time ever

Posted: , by Michael H.

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Apple share price hits $700 for the first time ever
Whether or not you like Apple products, it's hard to argue with the company's balance sheet. It is a ludicrously profitable company and that has pushed the stock price to levels unseen in Apple's history. The stock price passed $700 for the first time today, just over one week after Google hit that same milestone.

Google hit the $700 mark on September 7th, which was the first time the company had traded that high in 5 years. The stock fell back below $700 before reaching the mark on the 13th and staying above since. Google finished today trading at $709.98. 

For Apple's part, it hit the $700 for the first time in company history today, although it fell back and finished the day at $699.80. Of course, as we mentioned, Apple is a revenue machine, and while Google has been trading steadily at a high price for a while, Apple has been on the rise. As of November 25, 2011, Apple's stock was trading at $370, which means it has risen $330 in less than 9 months. 

Additionally, Apple's market cap is far higher than Google's. Google may have finished the day with a stock price over $10 higher, but because it has far fewer stocks issued, Google's market cap is $232.19 billion, compared to Apple's market cap of $655.98 billion (for additional comparison, Microsoft has a stock price of just $31.21, but a market cap of $261.65 billion, because it has so many stocks issued.) 

Impressive numbers from Apple, especially given that many questioned the ability of the company to thrive without Steve Jobs. Granted, it may be too soon to say that Steve's fingerprints are completely off the company, but Tim Cook has certainly been doing a solid job. 

source: The Next Web

72 Comments
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posted on 17 Sep 2012, 16:45 4

1. jaoowolabi (Posts: 201; Member since: 07 Jun 2012)


Cool i guess

posted on 17 Sep 2012, 18:51 11

23. Jelly_Bean (Posts: 109; Member since: 11 Sep 2012)


Not for a long time though. They can't make dumb people more dumb with the same s**t again and again...!!!

posted on 17 Sep 2012, 19:16 8

27. Bernoulli (Posts: 1436; Member since: 01 Sep 2012)


That google has no room to grow ROFL!!! Since google is the current, undisputed solid OS owner across the smartphone world, along with google buying Motorola, I don't know what this article is trying to say really...

posted on 18 Sep 2012, 01:50

65. cheetah2k (Posts: 771; Member since: 16 Jan 2011)


sell your stock now... bubbles gonna burst..!

posted on 18 Sep 2012, 03:04

67. JeffdaBeat (unregistered)


People have been saying that since the stock hit $300. Seriously.

posted on 17 Sep 2012, 16:49 14

2. hobble (Posts: 130; Member since: 11 Oct 2011)


Time to sell!

posted on 17 Sep 2012, 17:12 2

10. good2great (Posts: 1039; Member since: 22 Feb 2012)


not yet! you have to hold out...

the more android introduces new tech the more apple has time to patent and perfect it then add it into their iphone...

they will spoon feed it to everyone when the time is right then BAM!!! shares reach $1000........... thats a good time to sell sir...

posted on 17 Sep 2012, 18:00 7

19. hobble (Posts: 130; Member since: 11 Oct 2011)


No wai sir. Sell and invest in Nokia. Two dollars a share and the hype behind WP8. Woooo money

posted on 18 Sep 2012, 00:19

58. eisenbricher (Posts: 970; Member since: 09 Aug 2012)


Right said mate..

posted on 17 Sep 2012, 17:12 2

11. arsenaljimenez (Posts: 137; Member since: 03 May 2012)


You would think that by looking at the new iphone
but no, people are dumb enough to want it

posted on 17 Sep 2012, 18:25 1

22. bucky (Posts: 1323; Member since: 30 Sep 2009)


What's not new about it? CPU? Gpu? Camera? Screen? Ram? Battery? Ffc? You're right nm.

u r basing ur comment purely on what the software is and phones looks which is definitely subjective.

posted on 17 Sep 2012, 19:18 1

28. arsenaljimenez (Posts: 137; Member since: 03 May 2012)


When did I say it wasn't new?
But those things that they upgraded were expected, and necessary to catch up with the competition but are nothing special, especially the screen size, and the design(pretty much the same as the older iphones).
That's why I said you would think it would drop by looking at it

posted on 17 Sep 2012, 19:21

29. Bernoulli (Posts: 1436; Member since: 01 Sep 2012)


Perhaps you're right, however the iPhone has been known to introduce something new, but now them now updating to "quad core" & many other obsolete specs already in place there isn't much new in it, don't forget the lg maxx HD has four cores and a fifth underclocked core for battery life, and it's a shame that the new iPhone only has a gigabyte of ram, being that the phone industry is shifting to 2 gigs now o.O

posted on 17 Sep 2012, 19:28 1

30. arsenaljimenez (Posts: 137; Member since: 03 May 2012)


Yeah I don't think specs matter as much as people make them to be. Like wp7, one core, smooth since day one.
To shell out so much money for a phone like this, when there are better phones out there, I will never understand. Seems like people are getting brainwashed hahah :P

posted on 17 Sep 2012, 16:52 2

3. Aeires (unregistered)


Aapl actually took longer than I had thought it would, I figured it would have spiked much higher the day of the key note. It's climbing, but it's taking a long time.

Hadn't paid attention to Google but it's great to see them doing well also. They've come a long way, great job.

posted on 17 Sep 2012, 16:54 14

4. gallitoking (Posts: 4684; Member since: 17 May 2011)


Apple is a company that is not going anywhere any time soon... for the pleasure of many and displeasure of a few

posted on 17 Sep 2012, 17:07 3

8. XPERIA-KNIGHT (Posts: 2384; Member since: 08 Aug 2012)


thats the mindset of a true "dictator" bro......good job

posted on 17 Sep 2012, 17:18 2

13. XPERIA-KNIGHT (Posts: 2384; Member since: 08 Aug 2012)


hint: spoken with sarcasm

posted on 17 Sep 2012, 20:03 1

32. Lucas777 (Posts: 2121; Member since: 06 Jan 2011)


"stupid sony fan… smh" ya sound familiar?

and a dictator mindset is displeasure of many, pleasure of a few… any basic study of history shows that

posted on 17 Sep 2012, 21:22

40. XPERIA-KNIGHT (Posts: 2384; Member since: 08 Aug 2012)


steve jobs was a dictator bro so go figure......

posted on 17 Sep 2012, 21:31

43. clevername (Posts: 1428; Member since: 11 Jul 2008)


He was a CEO and business man. He made his employees and customers happy(of course there are exceptions, and mean apple employees only) . Far from a dictator. Don't confuse his business tactics with a ruler that cares little for human life and less for human rights.

posted on 17 Sep 2012, 21:36 1

45. XPERIA-KNIGHT (Posts: 2384; Member since: 08 Aug 2012)


word to the wise.....you dont have to make people suffer like hitler, mussalini etc.... to be a "dictator" it simply means you dictate and "determine" what peoples choices are by influence and power.........apple is doing both and steve jobs made sure it went that way........so gallitokings comment was very much so in sync with the way apple thinks....... make the world think they have the best device out and make them feel happy but at the same time......make them pay outrageous amounts for it....make the operating sytem limited and restricted......tell them what browser they should use and other things like that........thats dictating wheter you like or not........steve jobs said him self "you never let people decide what they want when deciding on a phone" meaning he felt like he knew what you want and it doesnt matter what you think you want personally because you are going to buy what i give you any way...........DICTATOR

posted on 17 Sep 2012, 22:14 3

49. Lucas777 (Posts: 2121; Member since: 06 Jan 2011)


one fundemental problem with your argument: NOBODY IS FORCING PEOPLE TO BUY AN IPHONE

this is not fascist italy, nazi germany, or communist soviet union.. there are other options… and as android fans so like to say, they are arguably better options

People get an iphone because they LIKE it… people were forced to like nazism and fascism because there was no other choice… nobody likes communism though-- there are a range of smartphones to choice from, as opposed to governments to choose from

posted on 17 Sep 2012, 22:44 1

51. XPERIA-KNIGHT (Posts: 2384; Member since: 08 Aug 2012)


controlling the media would be the same bro becuase if its all you see all the time then the choices will be little to none as people are not as smart as they think they are, people make choices off of their feelings and what "appeals" to the eye most of the time and thats why apples iphone is.... more "beautiful" than it is in depth in the operating system.......the whole idea of the "I" phone and its ecosystem is to be in union with each other and pretty much leave people no choice no matter how much better the other options are........once you are hooked into the apple ecosystem you wouldnt be able to leave if you wanted too because of all the money and time you done invested into it.......and hey why would you want to? beacause everyone else has it so it must be right......right? wrong apple is making decisions for you and making money off you.........and doing so with money.....influence (media) .......and i some cases bullying (court room)

posted on 17 Sep 2012, 23:32 1

55. Lucas777 (Posts: 2121; Member since: 06 Jan 2011)


so your telling me that the 60% of people who own an android phone dont matter?

i am not sure whether you are mentally unstable or fall for apple advertising yourself…

there are other options and nobody is forcing people to buy an iphone. but they do because they like/want it. period.

posted on 17 Sep 2012, 23:58 1

57. XPERIA-KNIGHT (Posts: 2384; Member since: 08 Aug 2012)


i understand its deeper than you may perceive so ill try to not preach to you but apple is indeed striving to be a strong dictator of this world......it is no coincidence that they are growing larger and larger each and every year........they are striving for "legal" control over you and everyone else on this planet......but will they succeed? i think one can only remain at the top for so long until being brought low.........just ask julius ceasar.........peace lucas nice chattin with you

posted on 18 Sep 2012, 00:50 2

59. gallitoking (Posts: 4684; Member since: 17 May 2011)


Xperia calm down man.. dont think too much.. I just said Apple is not going anywhere me being happy is a plus but doesnt depend on Apple I do have a life you know

posted on 18 Sep 2012, 00:59 1

62. 305Bucko (Posts: 506; Member since: 07 Aug 2011)


I dont think thats gonna help. Hes on a ranting spree lol.

Im glad Lucas called him out on that. LOL Dictatorship?! Really?! Because Apple customers have no other choice but to buy apple products, right.

...And somehow they are all blind and dumb. ....And somehow, so are the investors in Wallstreet. xD

posted on 18 Sep 2012, 01:37 1

64. XPERIA-KNIGHT (Posts: 2384; Member since: 08 Aug 2012)


like i said its some deep stuff for you to understand and preaching to you will take up alot of time and space but apples move to the nano chip is also a reinforcement of what they're trying to achieve .......one world order .....hence the "I" phone ..........."one" with the ecosystem type of thing.................. a false unity

dont think me dumb for prophesying about you're beloved company man im only telling you so you have DEEPER option than you think you have already.....peace

posted on 18 Sep 2012, 01:57 1

66. 305Bucko (Posts: 506; Member since: 07 Aug 2011)


"dont think me dumb" xD ...nooo NOT at all.

btw its not my beloved company. I dont hold stocks in their company, and I prefer Android.

I was unaware of all the subliminal messages and "conspiracy" behind all of this. This is certainly a revelation and I thank you for saving me from this evil cult.

Please let me know what it is you smoke/take so I too can see this "deep stuff"

posted on 18 Sep 2012, 23:47 1

72. Lucas777 (Posts: 2121; Member since: 06 Jan 2011)


im gonna go with he's on acid…

ironic that he is the one falling for the apple "propaganda" over anybody else though haha

posted on 17 Sep 2012, 17:15 5

12. good2great (Posts: 1039; Member since: 22 Feb 2012)


i have to commend you Gallito... you've kept you're composure through it all... even though apple has the leg up to brag right now. yet you don't troll...

#respect

hey what version iphone you're going with?

i never owned a white phone so i'm going with the white/32GB version i have a feeling they aren't gonna make black EarPods the white cords in the black phone just looks too tacky to me...

posted on 17 Sep 2012, 17:43 4

17. gallitoking (Posts: 4684; Member since: 17 May 2011)


16gb white iphone 5.. for the same reason. like the white earphones..

posted on 17 Sep 2012, 18:20 4

21. downphoenix (Posts: 2282; Member since: 19 Jun 2010)


Gallitoking, Im disappointed you're only getting a 16GB, that's not enough to prove your apple fandom.

posted on 18 Sep 2012, 00:54 1

60. gallitoking (Posts: 4684; Member since: 17 May 2011)


I don tneed that much... i hardly got like nine gb on the 4S but you might be on to something

posted on 17 Sep 2012, 17:29 3

15. luxzy801 (Posts: 134; Member since: 16 Jun 2010)


I gotta agree with you on this one gallitoking; even if apple drops off from public view or interest, there will always be die hards that will always buy Macs. Just like in the 90's, Microsoft was rockin the OS and manufacturers left and right and little ol' Apple was in the corner making enough off of its die hards to survive.
So, in point, Apple is one of the companies that would always exist, mainly because other companies need them so they wont get sued by the government (ie: Microsoft's Anti-Monopoly case in which they paid Apple to stay up and be competitive)

posted on 17 Sep 2012, 20:32 2

34. tedkord (Posts: 4432; Member since: 17 Jun 2009)


Well, no. Apple needed Bill Gates and Microsoft to bail them out, or there would probably be no Apple now.

posted on 17 Sep 2012, 22:27

50. luxzy801 (Posts: 134; Member since: 16 Jun 2010)


The reason why Gates bailed out Apple is because the US Government slapped a monopoly charge and found them guilty of Monopolizing the industry and forced Microsoft to allow the competition to have an advantage. And yes, you are right, if all this would not have happened, there would be no Apple.

posted on 17 Sep 2012, 17:01 3

6. XPERIA-KNIGHT (Posts: 2384; Member since: 08 Aug 2012)


dont know how long itll last in the upcoming years now that they're playing androids game........but only time will tell

posted on 17 Sep 2012, 17:09 1

9. good2great (Posts: 1039; Member since: 22 Feb 2012)


that apple logo is pretty sweet...

congrats apple...

did a great job with the iphone 5, the more people cry "how can someone waste money on the same design, the more people are buying it..."

too bad Taco is not here to taunt and troll you all to death...lol

damn this is the perfect time for him to be here too:

Broke preorder records
Best Bench mark score
Reached $700 share price

i'm sure the Galaxy Note 2 will pull in some great figures as well...

posted on 17 Sep 2012, 18:10 2

20. tha.fox (Posts: 100; Member since: 30 Nov 2011)


good2great lets just rememebr the galaxys3 out scored the Iphone 5 on benchmarks with jelly bean installed :)

posted on 17 Sep 2012, 21:30

42. jroc74 (Posts: 4720; Member since: 30 Dec 2010)


Breaking pre order and sales records is a given. If it doesnt happen....thats news.

Benchmark scores from some benchmark tool most ppl never heard of...lol. Not saying the iPhone 5 wont have monster scores...just saying.

The scores I'm interested in is battery life...and except for LTE web browsing...the iPhone 5 comes up short against some current Android phones...the Maxx included. The Maxx HD will be a beast for battery life.

Google's is at $709. Its been $700+ since Sept 13.

posted on 17 Sep 2012, 21:35

44. jroc74 (Posts: 4720; Member since: 30 Dec 2010)


There is no need for Taco or any other pro Apple, iPhone folks to taunt or troll. There is enough info out there to counter any attempts.. ;)

See my post above.

posted on 17 Sep 2012, 17:27 3

14. jroc74 (Posts: 4720; Member since: 30 Dec 2010)


Wish I woulda kept my stock in Apple....lol.

posted on 17 Sep 2012, 17:41

16. AndroidShiz (Posts: 145; Member since: 08 Nov 2011)


Wow impressive. I have to admit though after reading this, If Apple did implement every feature of Android, I'd still buy a Nexus.

posted on 17 Sep 2012, 17:48 5

18. fanboy1974 (Posts: 1132; Member since: 12 Nov 2011)


See that's the problem. Ultimately people care about the stock price and not the phone. So many people that invest into Apple such as these blog sites have an agenda to push the iPhone in a positive light because anything negative could impact their own investment.
If you respond to a background check for your wife wouldn't you say nothing put good things about her. No different then people reviewing Apple products with Apple stocks.
I know Apple stock is doing good but I don't believe that this information should be on a site that reviews products. It should not matter what the stock price is as long as the product is good. HTC could have a killer phone with Verizon and their not doing good at the moment. I'm not going to let their stock price determine my purchase.

posted on 17 Sep 2012, 21:14 1

37. jroc74 (Posts: 4720; Member since: 30 Dec 2010)


Thats true, I agree. But...I dont like the iPhone, never had one and probably wont ever get one.

BUT....I did have stock in Apple. Got it last year....was $500 or $600...and I was thinking....it wont get higher than this..

Oops...lol.

posted on 17 Sep 2012, 18:52 1

24. ivanko34 (Posts: 617; Member since: 04 Sep 2011)


It is such a great news
Apple with all this money can continue to make good things for humanity and give work shelter food for the poor Chinese
Apple is such an example for mankind
They don't grab money just to make mountains of cash
They distribute a great part to help people for education and health
Thanks to apple who invented the rectangle with round corners nobody get hurt by the square corners

posted on 17 Sep 2012, 19:10 1

25. agentoj (Posts: 100; Member since: 29 Oct 2009)


Apple's growth is monstrous, I am just envious of the people that invested when iTunes was in the midst of being announced.

posted on 17 Sep 2012, 19:15 3

26. someones4 (Posts: 618; Member since: 16 Sep 2012)


Why isn't it news when google's stocks reached $700? when apple's stocks reached it, PA shat all over itself to report it.

posted on 17 Sep 2012, 21:25

41. jroc74 (Posts: 4720; Member since: 30 Dec 2010)


Yea...I just posted this in a reply. Its been $700+ since Sept 13...Its sitting at $709 right now.

Go figure.

posted on 17 Sep 2012, 21:41

46. jroc74 (Posts: 4720; Member since: 30 Dec 2010)


Google hitting $700+ is in the article...but I see what you mean...

If anything...Google hitting this number shoulda been the main headline. Google is ads, Android, Google +, search engine, maps....just off the top of my head. Them doing it is borderline amazing. Apple doing it is.....meh...expected.

posted on 17 Sep 2012, 21:44 1

47. clevername (Posts: 1428; Member since: 11 Jul 2008)


Because apple more than doubled they're stock in a year. Google's stock has been over 600 for a long time.
In other words, Google has had a gradual ascent to 700. Apples rise to 7 hundred is unheard of for any company, apple or not.
This article is about the meteoric rise of a company, who cares about the name, to a point the most companies would only dream.
Google didn't have that kind of quick ascent. Not to say it isn't impressive, but it wasn't as impressive. That's why.

posted on 17 Sep 2012, 21:54

48. jroc74 (Posts: 4720; Member since: 30 Dec 2010)


Ah..I see. Yea...Sept 2nd last year Apple was 374 and Google was 524.

Sept 16 Apple was 400 Google was 526.

Still....to me with what Apple and Google does....I would think Apple woulda been higher than Google. Just based on iDevices alone.

posted on 18 Sep 2012, 13:01

70. MichaelHeller (Posts: 2657; Member since: 26 May 2011)


I honestly had meant to post the Google story when I saw it, but I swore another writer was working on it. Sorry it fell through the cracks.

posted on 17 Sep 2012, 20:06

33. tmcr7 (Posts: 152; Member since: 02 Nov 2011)


Cool! More jobs for the American people... NOT!!!

posted on 17 Sep 2012, 21:12 1

36. biophone (Posts: 1893; Member since: 15 Jun 2011)


You meant 330 not 230 370+330=700.

posted on 17 Sep 2012, 22:47 1

52. g2a5b0e (Posts: 2115; Member since: 08 Jun 2012)


I was wondering if anyone caught the math mistake.

posted on 17 Sep 2012, 22:49 1

53. biophone (Posts: 1893; Member since: 15 Jun 2011)


I didn't see anyone else comment about it. lol

posted on 17 Sep 2012, 22:57

54. g2a5b0e (Posts: 2115; Member since: 08 Jun 2012)


Yeah...I was just gonna comment on it before I saw yours at the bottom here.

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