Apple share price hits $700 for the first time ever

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



1. jaoowolabi

Posts: 201; Member since: Jun 07, 2012

Cool i guess

23. Jelly_Bean

Posts: 109; Member since: Sep 11, 2012

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

65. cheetah2k

Posts: 2221; Member since: Jan 16, 2011

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

67. JeffdaBeat unregistered

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

2. hobble

Posts: 130; Member since: Oct 11, 2011

Time to sell!

10. good2great

Posts: 1042; Member since: Feb 22, 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...

19. hobble

Posts: 130; Member since: Oct 11, 2011

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

58. eisenbricher

Posts: 973; Member since: Aug 09, 2012

Right said mate..

11. arsenaljimenez

Posts: 198; Member since: May 03, 2012

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

22. bucky

Posts: 3776; Member since: Sep 30, 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.

28. arsenaljimenez

Posts: 198; Member since: May 03, 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

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.

4. gallitoking

Posts: 4721; Member since: May 17, 2011

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

8. XPERIA-KNIGHT unregistered

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

13. XPERIA-KNIGHT unregistered

hint: spoken with sarcasm

32. Lucas777

Posts: 2137; Member since: Jan 06, 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

40. XPERIA-KNIGHT unregistered

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

43. clevername

Posts: 1436; Member since: Jul 11, 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.

45. XPERIA-KNIGHT unregistered

word to the 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 is doing both and steve jobs made sure it went that 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

49. Lucas777

Posts: 2137; Member since: Jan 06, 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

51. XPERIA-KNIGHT unregistered

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)

55. Lucas777

Posts: 2137; Member since: Jan 06, 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.

57. XPERIA-KNIGHT unregistered

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 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

59. gallitoking

Posts: 4721; Member since: May 17, 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

62. 305Bucko

Posts: 506; Member since: Aug 07, 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

64. XPERIA-KNIGHT unregistered

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 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

66. 305Bucko

Posts: 506; Member since: Aug 07, 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"

72. Lucas777

Posts: 2137; Member since: Jan 06, 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

12. good2great

Posts: 1042; Member since: Feb 22, 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...

17. gallitoking

Posts: 4721; Member since: May 17, 2011

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

* Some comments have been hidden, because they don't meet the discussions rules.

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