Apple shares hit all-time high at $120 before dropping back

Apple shares hit all-time high at $120 before dropping back
Apple's shares, still enjoying the momentum achieved from an amazing fiscal first quarter earnings report, scored a new all-time high today, peaking at $120. Taking into account a 7 for 1 stock split that took place last summer, the shares hit the equivalent of a $840 pre-split stock price. To put the $120 price in perspective, on June 29th 2007, the day the Apple iPhone launched, the stock was trading at a post split price of $16.66. The shares closed at a post-split price of $32.22 the day before the Apple iPad was launched. Since the death of Apple co-founder Steve Jobs on October 5, 2011, Apple has seen its stock price soar from a post-split price of $51.17 to its current value.

The company earned an incredible $18.1 billion for its fiscal first quarter, on revenue of  $74.6 billion. 69% of the latter figure was attributable to iPhone sales. Not only did Apple increase shipments of its iconic smartphone from 51 million to 74.5 million year-over-year, it also managed to raise the average price of the product by $50 per unit.

As analyst Colin Gillis of BGC Financial points out, "They have been able to increase volume and raise prices. It’s a thing of beauty." But even Gillis warns that nothing goes up forever. "They have a profit empire, but does any empire ever last?"

With the shares now down under $118 as we head to the closing bell on Friday, Apple is valued at $682.49 billion. Perhaps the most amazing statistic is that the tech titan is now worth 84% more than Exxon Mobil, and more than twice as much as Microsoft.

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source: SiliconBeat

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52 Comments

1. Eonnaydra

Posts: 217; Member since: Oct 23, 2012

Beast ! They should buy 1/2 of Microsoft.

3. Mxyzptlk unregistered

Apple has more monies than the us

14. darkkjedii

Posts: 31083; Member since: Feb 05, 2011

I have more to give em come April.

25. Gp_Customs

Posts: 269; Member since: Jan 14, 2015

But how will you support your family and kids? If your gonna give what you've got, won't your family be starving? You don't earn a lot by driving a garbage truck, so how will you fund to buy iProducts? Are you not concerned that you might get evicted... ?

28. Jamoga

Posts: 187; Member since: Dec 17, 2014

im sure he earns enough. iproduct or any product, it doesnt come free.

32. darkkjedii

Posts: 31083; Member since: Feb 05, 2011

I sure do, but this is gonna be a gift from my wife, and I'm gonna enjoy the hell out of it.

40. g2a5b0e unregistered

Dude, give it a f*cking rest. Why can't you just stay banned? No one wants you here on PA. Stay on topic & stay away from the personal insults or simply shut the f*ck up.

74. darkkjedii

Posts: 31083; Member since: Feb 05, 2011

Goog bye and good riddance, you're not wanted here.

29. Mxyzptlk unregistered

Apple needs to hurry up and get that iwatch onto my wrist.

31. darkkjedii

Posts: 31083; Member since: Feb 05, 2011

Soon bro, soon lol. I cannot wait to get it, this is gonna be fun.

2. Mxyzptlk unregistered

Apple bring that watch to papa. my body is ready.

12. maherk

Posts: 6884; Member since: Feb 10, 2012

You body is ready? Well, i guess your wrist isn't the only part of your body that's gonna enjoy the watch ;)

4. TimCook

Posts: 450; Member since: Oct 23, 2014

Apple is enjoying some well deserved monumental cash flows. Is their reward for hard work and incredible innovation. No company in the world looks after their customers better than Apple..

9. BlueGoldAce

Posts: 30; Member since: Nov 22, 2012

Do you have a day job, other than posting these comments?

16. maherk

Posts: 6884; Member since: Feb 10, 2012

Innovation? Mind to share with us these innovations? But yeah, part of your statement is true, they deserve this success. Why? Simply because they are smarter than the rest. How? Well, they realized that throwing the latest technology in your phone isn't the right move, since it will be tougher to sway your customer to upgrade next year if you didn't have something groundbreaking to offer. For example, Apple knew 3.5" isn't the ideal size for screens, and that 4.7" is, still they didn't jump immediately to 4.7", they went with 4" for 2 years, then offered this groundbreaking innovation i was talking about, something that will have the wow effecr on their followers. Just like they know they need more than 1GB of ram, or 8mp sensor, but they ll keep that for future phones in order to give their customers a reason to throw their "monies" at the newest edition of the iPhone.

110. darkkjedii

Posts: 31083; Member since: Feb 05, 2011

TM always speak your mind bro, regardless to who doesn't like it. I respect that about you.

5. cncrim

Posts: 1588; Member since: Aug 15, 2011

The taller they climb the harder it fell, just matter of time when.

6. Eonnaydra

Posts: 217; Member since: Oct 23, 2012

With 160 billions in cash you will never fell, trust me.

7. Napalm_3nema

Posts: 2236; Member since: Jun 14, 2013

It's not good prognostication if you repeat the same thing over and over and over and are continually wrong. You may be right eventually, but along the way Apple has managed to see Blackberry, HTC, Motorola, Nokia, and now Samsung off into irrelevance. They have just kept their foot on the necks of Sony and the Chinese brands.

8. Eonnaydra

Posts: 217; Member since: Oct 23, 2012

Do you realize that with that amount of money they can buy Google of Microsoft to save their asses?

13. cncrim

Posts: 1588; Member since: Aug 15, 2011

Do you recall Microsoft was most valuable company on the planet 20 years ago right?

35. kryme

Posts: 469; Member since: Oct 24, 2013

buy google??? hahahahahaha

17. meanestgenius

Posts: 22107; Member since: May 28, 2014

Do you realize how foolish the statement you just made is? Irrelevant would mean that no one is is buying the products and/or services of the companies you just named. Samsung: They are FAR from irrelevant. That's just some fanboy wish of yours. They have consistently outsold Apple the last 8 quarters in a row. And some analysts believe they outsold Apple this past quarter as well. BlackBerry: While they are a far cry from what they were in the consumer market some years past, they are THE MOST relevant in mobile enterprise. Much more so than Apple. They are larger than their next 3 competitors COMBINED in enterprise. HTC: While they have fallen on hard times, they just reported a year over year sales growth for the first time in more than 3 years. They are on a rise. Motorola: They are in good hands with Lenovo. Lenovo has both the money and the means to make Motorola great again. Nokia: Did you see the response they got for their Android powered tablet? And with their other services like HERE maps, they still have some fight in them. The Chinese brands are all on a rise. Time will tell whether Apple have their "foot on their necks". Yes, Apple makes phenomenal profit. Only an idiot would say otherwise. Selling the iPhone for such a premium with its 2012 specs to such a rabid, loyal fan base is GENIUS. They know how to market their product and who to market it to. But make no mistake, the other companies you mentioned are far from irrelevant.

24. Napalm_3nema

Posts: 2236; Member since: Jun 14, 2013

Your BB fanboy colors are showing again. Once upon a time, BB might have been THE MOST important player in enterprise, but that advantage crept out the back door when BYOD became the norm. The majority of devices in the enterprise over the last few years have been BYOD, and Apple has dominated BYOD, according to IDC, Gartner, ad Forrester. That's why the push to get BES on Android and iOS, because BB's lunch is being eaten. If they weren't irrelevant, Johnny Chen wouldn't be whining about forcing Apple and Google to show BB love or forcing devs to work on BB. I said Samsung is on the way down and the numbers back that up. Shipping the same, or slightly less, number of phones every quarter and watching your profits tank is exactly what happened to Nokia and BB. HTC? They are scrambling, but the damage is done. They are a flagship flop away from receivership. Motorola? Google had the money and the means, and look how that turned out. Lenovo is still trying to figure out how to pivot in their home territory and sell their own phones, let alone be in a position to help Moto. Nokia is just done. They had a chance to adapt and they botched it. HERE maps and phones with their name on them, but made by some contractor, will just piss off their loyal fans who are already pissed at them. The tablet was well received because it was an Android iPad. Ask Xiaomi how much money they are making as an Apple KIRF. The Chinese brands are selling a lot, but at no margin. See my "race to the bottom." I will give BlackBerry credit for one thing, though. They know how to sell outdated 32-bit SoCs and screens with a physical keyboard in an ergonomically challenged package to a small, vocal minority who might be able to keep them afloat until Chen's grand plan to sell to someone who will strip some IP and patents and jettison the rest comes to fruition. Then we can finally consign BlackBerry to the dustbin of mobile history.

36. meanestgenius

Posts: 22107; Member since: May 28, 2014

Your lack of knowledge of what BlackBerry actually does in enterprise has reared its ugly head big-time. You do realize that BlackBerry is the LARGEST EMM player in mobile enterprise, right? BYOD only helps BlackBerry, as they are the only player in enterprise that can manage iOS, Android, BBOS, BB10 and Windows devices. The "forcing" or devs to make apps for BlackBerry is a pure consumer play. BlackBerry makes their own enterprise apps. You should really look up how large BlackBerry is in Enterprise Mobility Management (EMM) before you go spreading nonsense. And what happened to the Apple/IBM mash-up that was supposed to spell "doom and gloom" for BlackBerry in enterprise? That tag-team went absolutely nowhere fast! Now IBM is about to lay off some employees. Reminds me about that company that was supposed to manufacture all of those sapphire screens for Apple. Now they went bust. Apple sure does know how to make relations with other companies work, lol. Samsung will rebound. They are just one flagship away from turning the tide. And seeing as how they are the only ones that manufacture the majority of parts that Apple needs in such high volume, Apple better hope that they stay in business. Which they will. Samsung is not as dependent on smartphones as Apple is. That little knowledge gem will be proven in later quarters. Google didn't want to do for Motorola like Lenovo does. That was for patents. Have you seen Lenovo's earnings report? They are not hurting in the smartphone area in their home turf at all. Having Motorola will only serve to bolster their efforts. Nokia is by no means done. Their Android tablet was not only well received, but the pricing is right, too. You're truly underestimating the loyalty of Nokia fans if you think that because Foxconn is currently building their products that they will be pissed off. In 2016 the deal with Microsoft that prohibits them from building their own hardware is up. The fans will wait, mark my words. And don't forget, the same company that designs Nokia Android tablets is the very same one that designs iPhones. The Chinese brands may not have a good profit margin, but they have volume and will continue to sell well. They will adapt. Let's not talk about outdated specs when the iPhone is at least two years behind with its specs. PKB's obviously still have a place in the smartphone world, as the success of the Passport and now the Classic has shown. Sure, BlackBerry will be a niche player in the consumer section of the smartphone market, but with 60% of the enterprise market under their cap, they are here to stay as far as enterprise is concerned. 16 out of 20 of the top G20 governments, the top 5 oil and gas conglomerates, the largest pharmaceutical and security companies and law firms are all BlackBerry's customers. They have whole governments using their software and services. They are nowhere near as dependent on handset sales as every other player in the market is.

76. AfterShock

Posts: 4146; Member since: Nov 02, 2012

Unbelievable!! MG you are stalwart defender of tech for all!! TC is brain washed an really really wants to spread his FUD, thankfully guys like yourself an Bernoulli are not taking any bs from him. +100 to both of you for not taking BS as truth.

78. meanestgenius

Posts: 22107; Member since: May 28, 2014

Thank you, AfterShock. Truth is truth and fact is fact, no matter if it's liked or not. I will never dispute the facts, only defend them. That's why I like to provide links to sources, so no one can dispute the facts.

88. AfterShock

Posts: 4146; Member since: Nov 02, 2012

Yeah, there is a large amount of respect for Apple without needing to try an pull their very own wool over the eyes of others. Elitist attitudes will be their ruin. They used to say don't hate the player but the game, nah, not in these cases, the game is what it is, the players mess it all up with fictional bs, hence the hate for shills an birth of trolls. Again, good job.

105. TimCook

Posts: 450; Member since: Oct 23, 2014

Hey didn't I tell you to be a good boy and stop posting such long comments? Who is gonna read all this?

106. meanestgenius

Posts: 22107; Member since: May 28, 2014

Begging for my attention now?

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

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