Apple stock surges past $550, Tim Cook sells $11 million worth of shares

Apple stock surges past $550, Tim Cook sells $11 million worth of shares
It seems that Apple stock is on steroids - it just keeps on growing and growing against market rules and despite nay-sayers predictions of Apple being the next tech bubble. After a couple of months of swapping places with Exxon Mobile as the world’s most valuable company, Apple’s market cap has now grown to be $100 billion above that of the oil giant. It’s market value is more that of the economies of a couple of mid-sized countries, if you want to put in that perspective.

Apple shares are currently trading at over $550 and it’s just another good time to buy for most, but Apple’s chief executive Tim Cook sold $11 million worth of his own stock awards. The CEO receives an official salary of $1 a year, but for this year alone was awarded 1 million shares vesting in 2016 and 2021. This stock award is now worth over a billion dollars.

Are you planning on buying Apple shares? Can you foresee an end to this stunning growth or will it just continue? Chime in with your opinions below.

source: 9to5Mac

Here's the amazing growth of Apple shares over the last 6 months.

Here's the amazing growth of Apple shares over the last 6 months.


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26 Comments

1. vertigobike

Posts: 1; Member since: Feb 13, 2012

They will eventually drop, that´s for sure...

2. frydaexiii

Posts: 1476; Member since: Dec 01, 2011

Who are we kidding? it'll never drop as long as there are people still doing this :http://www.phonedog.com/2012/03/12/would-you-ever-take-off-of-work-and-camp-out-for-a-new-gadget/ Just look at the pictures, even the way they keep them lining up looks like the way they herd sheep lol

11. maier9900

Posts: 272; Member since: Dec 17, 2011

First, nobody makes anybody do anything... Those ppl chose to line up, Apple sells products just like any other tech company and if ppl decide to camp is their choice what they do with their life. Happy camping ppl !

12. frydaexiii

Posts: 1476; Member since: Dec 01, 2011

But it's sad...I feel embarrassed to be the same species as these sheeps. Watching humans act so low just for a toy...

16. gallitoking

Posts: 4721; Member since: May 17, 2011

then move to the moon or a desert island.. you know what embarras me.. poberty. crime.. real issues.. please grow up

19. frydaexiii

Posts: 1476; Member since: Dec 01, 2011

Are you typing on your iPhone? Because it is embarrasing, and I don't think poberty is a real issue here, considering some people can't even spell properly yet...

20. gallitoking

Posts: 4721; Member since: May 17, 2011

then focus on that and leave watching people buy Apple products. can we expect that from you?..

26. dinster

Posts: 1; Member since: Mar 15, 2012

What? Poberty is a real word! - am surprised you didn't know that - it means you are poor and you are having issues with puberty - double whammy!

21. ZayZay

Posts: 571; Member since: Feb 26, 2011

Poverty? not calling you out, just thought poberty looks funny.

23. gallitoking

Posts: 4721; Member since: May 17, 2011

yeah dont proof read or spell check to be honest.. is ok.. I know my spelling and writting skills leave lots fo room for imrpoving

24. good2great

Posts: 1042; Member since: Feb 22, 2012

would you feel less embarassed if people lined up to buy android products?

3. Tre-Nitty

Posts: 470; Member since: Nov 16, 2010

Maybe y'all should stop calling them sheep and just give apple props for producing a brand that people love. Apple is a powerhouse just accept. I use a Samsung note and a iPhone and plan on buying a new ipad. I like good products from all companies.

4. frydaexiii

Posts: 1476; Member since: Dec 01, 2011

Loving a company and their products is very different from blindly throwing money at a company. I may even consider getting a new iPad if the reviews are good, but lining up 4 days before the product is released without any feedback from anyone but apple themselves about the new product, despite having no clue what problems might surface? That's just acting like a sheep.

7. tigermcm

Posts: 861; Member since: Sep 02, 2009

baaaaaa!! lol

13. maier9900

Posts: 272; Member since: Dec 17, 2011

Those like you will never understand the tech business and that Apple is no diferrent than HTC, Samsung and Sony and others creating and building products. If Samsung ever created a product as hot as any Apple product, they would get all the attention, but since Apple is worth more than $520 billion dollars they even get the government's attention. So you just sit back on the couch with your plastic phone and tablet from samsung or kindlepad thing and whatever... Let those millions of ppl enjoy their product of choice just like you enjoy those of your own choice. And fyi, don't hate!

14. asrr62

Posts: 56; Member since: Sep 14, 2011

Your a funny sheep. Your hating on everything but the iPad. iSh33p

5. remixfa

Posts: 14605; Member since: Dec 19, 2008

everything comes in cycles. everything that goes up, comes down... if its a little bit or a lot. Nobody is up all the time, and most definitely not apple, as this is the first time in their company's history that the stock has acted like this. Will it tank? probably not unless they have some huge missteps.

17. gallitoking

Posts: 4721; Member since: May 17, 2011

so Android market share will eventually fall?.. hmmmm thanks.. remix

6. vijaysivakula

Posts: 229; Member since: Aug 17, 2011

Nobody hated Apple until they started suing every other competitor. Until then Android "Fanboys" only said Apple's iOS is severely limited and the iPhone is not worth the money they demand. And Apple suing every other company is like the pot calling the kettle black.

8. Spariant

Posts: 12; Member since: Mar 09, 2012

Apple products are good and currently they are giving good value for money. But the thing that saddens me is on seeing apple's ridiculous rate of success achievment is that people are being led away from open source and customizable things. what saddens me about android is that why could not it be as artistically beautiful as apple.

9. Tre-Nitty

Posts: 470; Member since: Nov 16, 2010

That's the thing spariant. Everyone doesn't need customization and open source. 8 out of 10 people want a easy user experience.

10. remixfa

Posts: 14605; Member since: Dec 19, 2008

i take issue with your made up numbers since the actual world market has a 2 to 1 preference for android... and growing.

15. asrr62

Posts: 56; Member since: Sep 14, 2011

Only the ignorant people want something closed. Lol. iSh33p are really silly.

18. gallitoking

Posts: 4721; Member since: May 17, 2011

yeah you sounded smart with that comment

22. InspectorGadget80 unregistered

I don't think ANY CEO OR BOARD of Directors DESERVE STOCKS they should give them to their employers that sells their Apple products or to the workers @ FOXCONN people that work to hard that puts the ipads/iPhones together

25. good2great

Posts: 1042; Member since: Feb 22, 2012

what??? come on man really??? smh

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