AAPL Stock: 109.41 ( + 2.67 )

Printed from

Apple stock cracks $400 barrier, holds steady after-hours

updated 09:25 pm EDT, Fri September 16, 2011

Up 24 percent in 2011, 44.81 percent Y/Y

Apple stock (AAPL) broke through the $400 barrier for the first time on Friday, closing the market session at $400.50 on Friday and maintaining an over-$400 balance in after-hours trading. The stock had temporarily reached above $400 before -- up to a high of $404.50 -- but Friday was the first time it had closed above $400. The volume on the stock was just under 25 million shares, starting the day at $395 and rising 7.5 points or 1.92 percent.

Given the continuing moody economy and swings in the market, AAPL has had a strong year -- rising 24 percent since the start of 2011 and up 44.81 percent or $126 from a year ago. The company itself has managed to rise to a market cap of $371.3 billion, making it the most valuable publicly-traded company in the world -- even beating perennial favorite ExxonMobil (XOM) by nearly $10 billion in valuation.

Remarkably, the company's price-to-earnings (P/E) ratio continues to hover below 16, while earnings per share (EPS) has increased from $15.50 in FY 2010 to an expected $25.28 or slightly higher for FY 2011. The fiscal year for Apple ends on September 30th, with results typically reported in mid-October.

With a strong lineup of new products on the near-term horizon -- either rumored or confirmed refreshes for iPhones, iPod Touches, MacBook Pros and now a possible iMac refresh all before the end of the year, plus a likely iPad refresh early next year -- and the company's now-traditional high margins, the company looks set to continue its run well into the foreseeable future. Consensus targets for the year ahead would see the stock rise to just under $500 per share.

by MacNN Staff





  1. fullenglish

    Joined: Dec 1969


    Above $400

    Apple did close above $400 on a daily basis on 26th July 2011 at $403.41. Maybe you are thinking of a weekly closing price.

  1. charlituna

    Joined: Dec 1969



    Love that opening. Lets say something didn't happen and then in the next sentence say in fact it did.

Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines


Most Popular

MacNN Sponsor

Recent Reviews

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lackin ...

Epson WorkForce DS-40 scanner

In this day and age, there's a significant amount of pressure to go paperless, and downsize the amount of things that one collects ov ...


Most Commented