WSJ: Apple's valuation soared by $144.8 billion during the calendar first quarter

WSJ: Apple's valuation soared by $144.8 billion during the calendar first quarter
Apple investors are now celebrating the company's best quarter in five years. The three month period expired on Friday, March 31st, and during the quarter Apple's valuation rose by $144.8 billion or 24%. Kicking off the strong buying interest among hedge funds, mutual funds and individual investors was Apple's surprisingly buff fiscal first quarter earnings report which was released on January 31st. The report showed that Apple had sold a record 78.3 million units of the iPhone during the three months, thus ending a short streak of year-over-year declines in iPhone sales.

On January 31st, Apple's shares finished the regular trading session at $121.35. The earnings report was released after-hours and the stock surged. The next day, February 1st, Apple's shares soared $7.40 or 6.1% to $128.75. For the rest of the quarter, investors of all sorts called their broker to yell "Buy Apple!" When the quarter ended Friday, Apple closed at $143.66. The earnings report alone helped generate an 18.4% hike during the last two months of the period.

Apple's fiscal first quarter covers the holiday shopping season, which means that it traditionally is the quarter with the most iPhone sales for the year. It also is the first full quarter following the launch of the latest iPhone, which makes the reported figure very important to investors. With the bar set extremely high for the 10th anniversary Apple iPhone 8, which could be unveiled and launched this coming September, the record 78.3 million iPhone handsets sold during the fiscal first quarter of 2017 might be in jeopardy.

With the rally in its shares, Apple remains the most valuable company in the world. After Friday's close, Apple's market capitalization (share price multiplied by shares outstanding) is $753.7 billion.


source: WSJ (subscription reqd.), YCharts

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15 Comments

1. darkkjedii

Posts: 31313; Member since: Feb 05, 2011

Apple knows it's game plan, and executes it down to the letter. They make a damn good, dependable product line, that has a top notch eco system, and top notch 3rd party sales and services catering to it. They also market to the mainstream consumer, instead of the hardcore tech enthusiast. They have big time marketing, and spend lots on R&D, although not as much as they should. Apple has one stop shopping, and consumers love that (look at how successful Walmart and your average mall is due to that approach). All and all, Apple has a solid game plan, that continues to thrive. They're not the only game in town anymore for me, but still one of my favorites along with Samsung, and Google.

14. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

Would like to know wat R&D apple has invested in?

15. darkkjedii

Posts: 31313; Member since: Feb 05, 2011

Go do your research and get lost with the dumb stuff dude. My comment wasn't to incite dumb trolling.

2. trojan_horse

Posts: 5868; Member since: May 06, 2016

Apple making itself at home and having almost all the fun in the smartphone industry... damn it.

3. mikehunta727 unregistered

..that's nuts... I wonder if they can be the 1st "trillion dollar company"

11. Unordinary unregistered

They're projected to be

4. kiko007

Posts: 7513; Member since: Feb 17, 2016

Inb4 feebleflash (yes I mispronounced your name on purpose) tries to explain how this is a marketing ploy to convince shareholders Apple is still growing. Then he'll go on a tangent claiming he knows what he's talking about, even though he's basically been wrong for two years now. Then again, a broken clock is right twice a day...

13. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Lol feebleflash, how's the 8th grade going? See this is why I consider Apple fans like you to be such idiots, literally have no critical thinking skills at all, just feeding out of the trough of garbage news they find on the internet. This is just the preamble to the next recession. Literally has nothing to do with the fundamentals at this point. Apple is up 150 billion, Google is up 60 billion, MS, Tesla, Samsung and everyone else is up. Dow Jones is at a "record" 21 000. Its an expanding bubble that literally speeds up expanding right before it pops. By the end of this year we will have a catastrophic economic crash just like in 2008, 2000, 1987, etc. Its just part of the system and up until the crash, idiots like you just eat up all the hype because they literally have no knowledge of economics or otherwise. But I think I'm expecting too much here, for the average kiko level iFan, it's probably difficult enough to remember names much less know historical trends.

5. jeroome86

Posts: 2314; Member since: Apr 12, 2012

Oh no PA. Not this kind of article. A xpert will show up with many stats and data. May even hear how much it cost Apple to make a iPhone again. Should I watch Walking Dead final or read his crap? Does anyone actually read all his crap?

6. kiko007

Posts: 7513; Member since: Feb 17, 2016

There was a time when I tried reading it. You know how archeological cryptographers try to decode ancient writing? That's kind of how I felt reading his essays, only less educational and more hysterical. Long, error ridden monologues of pure cringe and illogical testimony about his psychotic obsession with a company he can't stand. Half the time it's like he enjoys suffering, like the masochistic tendencies you see any some anime or something. Doesn't help that he insists on his "facts" as though just because he believes them, everyone else should too. Honestly, the only reason I still reply to him is to piss in his cereal...which he probably craves to some extent (being a masochist and all...).

9. jeroome86

Posts: 2314; Member since: Apr 12, 2012

Yeah. I agree. It's amuzing when he says false or your wrong like he's grading a school paper. Then follows up with his non sense. Then mentions his iPhone or iPad to give himself credibility which he lacks.

7. galaxy-gear

Posts: 119; Member since: Sep 30, 2016

Company theft and looting Cause sheeps

10. whatev

Posts: 2333; Member since: Oct 28, 2015

"Sheep"

8. Subie

Posts: 2393; Member since: Aug 01, 2015

Wish I'd have invested thousands in Apple stocks 17 years ago.

12. cncrim

Posts: 1588; Member since: Aug 15, 2011

Haha, it is not too late to invest Telsa.

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