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Apple share price hits $700 for the first time ever

0. phoneArena posted on 17 Sep 2012, 16:40

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...

This is a discussion for a news. To read the whole news, click here

posted on 17 Sep 2012, 18:20 4

21. downphoenix (Posts: 3165; 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: 4721; 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: 140; 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: 14150; 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: 140; 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 (unregistered)

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: 1042; 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: 6019; 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: 6019; 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: 6019; Member since: 30 Dec 2010)

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

posted on 17 Sep 2012, 17:41

16. AndroidShiz (Posts: 154; 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: 1345; 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: 6019; 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..


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: 105; 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: 625; 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: 6019; 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: 6019; 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: 1436; 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: 6019; 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: 2720; 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: 180; Member since: 02 Nov 2011)

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

posted on 17 Sep 2012, 21:12 1

36. biophone (Posts: 1994; Member since: 15 Jun 2011)

You meant 330 not 230 370+330=700.

posted on 17 Sep 2012, 22:47 1

52. g2a5b0e (Posts: 3816; 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: 1994; 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: 3816; Member since: 08 Jun 2012)

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

posted on 18 Sep 2012, 13:02

71. MichaelHeller (Posts: 2720; Member since: 26 May 2011)

math typos are the worst typos possible. sorry about that.

posted on 17 Sep 2012, 23:56

56. Kronic (banned) (Posts: 321; Member since: 11 Sep 2012)

Apple may become the most successful company ever! Thanks to their excellent marketing techniques and the fact that their products Just work great. iLife my iPad and am sure am gonna love my iPhone 5 when it comes. I was using android phones for the last 2yrs. But I have to say I had great expectations from you, google and u let me down!

posted on 18 Sep 2012, 00:56

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

If I were a shareholder I would be screaming for a stock split right about now. At the rate they are going they can easily reach $700 again within the next year or two, even more. I remember holding Bank of America stock my dad gave me to save for college (my dad was an assistant vice president for BofA) back when they merged with Nations Bank at $70 and it split down to $35. By the time I was graduating from high school it hit $70 again and I sold. I took that money and put myself through college.

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