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Google stock hits an all-time high, Apple falls after iPhone 5 release

Posted: , by Michael H.

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Google stock hits an all-time high, Apple falls after iPhone 5 release
Recently, we heard about Google's stock price hitting the $700 mark for the first time in five years, and we also heard about Apple's stock hitting $700 for the first time ever. Now, Google's stock has hit a new all-time high price. It seems that Google's financial outlook hasn't been affected by Apple's recent newsmaking with the iPhone 5. 

During today's trading, Google's share prices hit a high of $748.90, just barely topping the record of $747.24 per share, which was set back in November, and closed the day at the new high mark for Google's history at $749.38. On the other side, Apple's stock topped $700 both on the day of iOS 6's release, fell back down, then jumped over $700 again on Friday for the iPhone 5 release. But, Apple's stock dropped all the way back to $688 to start this week, only rebounding slightly to end the day at $690.79. Maybe all of the bad press about iOS Maps is taking its toll on Apple. 

Of course, stock prices aside, Apple is still killing it with an overall market cap of $647.55B, whereas Google is at just $245.07B. This is because Apple is maintaining its crazy high stock price with 937.41 million shares in the market, while Google has just 327.03 million shares issued. 

Both companies are still the top two tech companies as far as per share price, but they have a long way to go to catch the most expensive stock in the world: Berkshire Hathaway Inc. which closed to day at $133,034.00 after dropping $1550 on the day. Even more obscene than that bit of info is that Berkshire Hathaway traded at an all-time high of $149,972.28 back in 2007, and at that time Warren Buffet owned almost 500,000 shares of the company. That's almost $50 billion for those of you reaching for your calculators. 

source: Reuters

65 Comments
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posted on 24 Sep 2012, 17:44 15

1. prakesh (Posts: 92; Member since: 13 Sep 2012)


amen!!

posted on 24 Sep 2012, 17:44 13

2. Jusrertiner (Posts: 7; Member since: 16 Sep 2012)


Yay?...

posted on 25 Sep 2012, 05:07 1

58. Nathan_ingx (Posts: 4003; Member since: 07 Mar 2012)


A confusing Jubilation???
Well, Apple...it comes to the point where everyone thinks- "Told you so!"

posted on 24 Sep 2012, 17:45 23

3. Pings (Posts: 303; Member since: 19 Dec 2008)


Maybe if Apple sues a few more companies they could get back up there.

posted on 24 Sep 2012, 20:59 4

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


Hahhahahaha. I knew its gonna happen because Note 2's release date is coming closer now.

Apple ----------> It is just a starting of bad days. Why because whenever Steve Jobs left this company, this company lost its image and ground.

posted on 24 Sep 2012, 23:38 3

56. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)


What goes up must come down.... It happened once, it will (is?) happen(ing) again.

posted on 25 Sep 2012, 03:09 2

57. anywherehome (Posts: 971; Member since: 13 Dec 2011)


1) no, they will fall down because they do not give money for development, just for lawyers
2) iPhone is high just because of loyal MAC users = they started this great mistake, this influx of the iPhone popularity, not because of revolution

so they are going to start ending when iPeople find out that iOS is really an inferior product and Apple is completely ill and r*tten company:
goo [dot] gl/AWKfX

posted on 24 Sep 2012, 17:46 3

4. mercorp (Posts: 1030; Member since: 28 Jan 2012)


let the stocks slie from now!

posted on 24 Sep 2012, 17:46 3

5. Leon101 (Posts: 90; Member since: 27 Feb 2012)


LOL!!!

posted on 24 Sep 2012, 17:46 7

6. mercorp (Posts: 1030; Member since: 28 Jan 2012)


slide,not slie.

posted on 24 Sep 2012, 17:49 1

7. prakesh (Posts: 92; Member since: 13 Sep 2012)


slice not slide

posted on 24 Sep 2012, 17:49 4

8. prakesh (Posts: 92; Member since: 13 Sep 2012)


gratz google i made the wright decision!

apple betterluck nxt yr with the ip5s

posted on 24 Sep 2012, 17:51 14

9. jmoita2 (Posts: 930; Member since: 23 Dec 2011)


Anybody that still thinks about buying Apple shares at these valuations is either sadistic or suicidal...lol!!!
By the way, the "new" iPhone is definitely a flop...

posted on 24 Sep 2012, 18:00 4

12. MichaelHeller (Posts: 2705; Member since: 26 May 2011)


Your comment made me realize that I hadn't mentioned the market cap for each company, which certainly adds perspective when you consider that Apple is trading at almost $700 per share and it has almost 3 times as many shares issued than Google. That's a crazy demand on top of a huge supply.

posted on 24 Sep 2012, 18:06 4

18. prakesh (Posts: 92; Member since: 13 Sep 2012)


u havnt mentioned also even apple is the most valueable company, even it has 3 times cap as many shares issued than google..

the executive of cupertino, not in the top 10 most richest man in the world

posted on 24 Sep 2012, 18:27

20. Mxyzptlk (Posts: 14208; Member since: 21 Apr 2012)


Michael this article is missing a lot of things like the users are saying here and there. Stock rise and fall all the time. Apple stock fell a little but that is typical for any company after a big release.

You didn't mention how Apple is the most valuable company in existence or how much cash it has, far more than the US.

posted on 24 Sep 2012, 18:43 6

23. MichaelHeller (Posts: 2705; Member since: 26 May 2011)


I added the Market Cap info, which shows just how valuable the company is. How much cash it has on hand isn't all that relevant to the story.

posted on 24 Sep 2012, 19:00

30. Mxyzptlk (Posts: 14208; Member since: 21 Apr 2012)


Yes it is relevant. Can you name one company that has a high stock price without the cash to back it up? Apple having more cash than many other companies combined is pretty significant.

posted on 24 Sep 2012, 18:58 8

29. johnbftl (Posts: 281; Member since: 09 Jun 2012)


You are absolutely delusional if you think Apple is the most valuable company in existence. Companies like BP, Exxon Mobil, and Royal Dutch Shell easily trump Apple's yearly fiscal earnings. In fact, in the 2011 fiscal year Apple Inc ranked 43rd ($108.249 billion) globally in earnings. They are definitely not as mighty as you think they are. Wal-Mart, Toyota, General Motors, Samsung, and At&t all earn more annually than Apple.

posted on 24 Sep 2012, 19:02

31. Mxyzptlk (Posts: 14208; Member since: 21 Apr 2012)


http://www.forbes.com/sites/benzingainsights/2012/08/21/apple-now-most-valuable-company-in-history/

Am I still delusional now?

posted on 24 Sep 2012, 19:08 4

33. Zero0 (Posts: 592; Member since: 05 Jul 2012)


The stock market's perception of value based on market cap and real world value are two different things.

posted on 24 Sep 2012, 19:39 4

38. JonBjSig (Posts: 176; Member since: 17 Nov 2011)


Yes, you are, read the second paragraph of the very article you posted, "Apple’s achievement does not take into account inflation, however, and Microsoft was considerably more valuable on an inflation-adjusted basis in December 1999. In inflation-adjusted dollars, Microsoft’s market-cap reached a high of around $850 billion."
Did you just read the headline and stop there?

posted on 24 Sep 2012, 20:29 2

42. Zero0 (Posts: 592; Member since: 05 Jul 2012)


The highest estimates would say that, inflation adjusted, John Rockefeller was worth more than Apple is today.

posted on 24 Sep 2012, 20:15 4

41. johnbftl (Posts: 281; Member since: 09 Jun 2012)


Yes you are. The stock market has nothing to do with real world value. These are projections made by so-called "expert analysts" that have no experience in the industry the analyze. I can tell you from personal experience from running a million dollar business, when the company I worked for decided to change from the prior year's up against numbers to projections based on market trends, every store started tanking and managers started losing money.

These analysts that have over inflated Apple's worth will be the ones responsible for their bubble burst. Keep in mind how little market share they really have in the computer world. Everything they are banking on is in their iProducts, and those are losing market share rapidly to Android. Look away from the stock market and look at real world worth. Apple is an ok company from a profit standpoint, nothing spectacular. As that profit margin keeps slipping investors will keep selling, causing that bubble to burst and you'll see how far the mighty can fall.

posted on 24 Sep 2012, 20:58

45. darkkjedii (Posts: 22065; Member since: 05 Feb 2011)


Shutup meg

posted on 25 Sep 2012, 06:07 1

61. Nathan_ingx (Posts: 4003; Member since: 07 Mar 2012)


YES...You still are delusional!

posted on 25 Sep 2012, 18:13

63. imeubeu (Posts: 59; Member since: 01 Jul 2012)


if you were on ur last $10 would you A. go to wal-mart an buy some food or B. go put $10 on ur iphone bill

posted on 24 Sep 2012, 18:45 1

24. jmoita2 (Posts: 930; Member since: 23 Dec 2011)


Yup. It's common sense, plain and simple. But believe it or not, I just got a warning for posting it...

posted on 24 Sep 2012, 19:15 3

35. MichaelHeller (Posts: 2705; Member since: 26 May 2011)


You got a warning for saying that someone would have to be "suicidal and sadistic" to consider Apple stock, and because when you couple that with your comment about the iPhone 5 being a "flop", that crosses the line from critique to inciting.

You had a valid comment, but it was the throwing flames that earned you a warning.

posted on 24 Sep 2012, 18:46 1

25. Apple_Royally_ (banned) (Posts: 42; Member since: 15 Sep 2012)


Very well written article Micheal H....!

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