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AAPL Stock: 94.36 ( + 0.42 )

Printed from http://www.macnn.com

Apple stock cracks $500 barrier for first time

updated 10:10 am EST, Mon February 13, 2012

Company still on rise despite loss of Jobs

Apple's stock price on the NASDAQ has cracked the $500 mark for the first time in the company's history. While Monday trading is still ongoing, the company's shares are worth about $500.34 each as of this writing. The figure represents a jump of nearly $7 over the Friday close.

The company has made considerable progress in the past few years, having once seen shares drop below $80 under the impact of a suffering economy. Apple is also continuing to hold investor confidence despite the October death of Steve Jobs, the company's co-founder and long-time CEO. Jobs was credited with much of the company's vision, including micromanagement of some of the smallest product details. His replacement is Tim Cook, formerly the COO.




by MacNN Staff

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  1. climacs

    Joined: Dec 1969

    0

    go AAPL go

    $1000/share is quite likely within 3-5 years.

    I predicted AAPL would hit $450 by end of 2011... I was off by 3 weeks as it turned out.

    I'm predicting $550 by year-end. I hope that ends up being far too conservative.

  1. Bobfozz

    Joined: Dec 1969

    -2

    My former wife

    Owned about $13,000 worth of shares when she sold it having paid about $18 for $9,000 worth of stock. It would be worth almost a couple hundred thousands today. I told her that the economy is uncertain and people are looking for investments they can trust (like gold). Hence, because people, in general, do some pretty stupid things with their money, this scares me,,

  1. climacs

    Joined: Dec 1969

    -1

    buy gold?

    ahahahahahaha

    sure, go for it, if you're one of those wacky nutjobs who thinks the end is near. I've heard these arguments for the last 30 years. For much of that time, holding gold would have made you a big-time loser.

    the current runup in gold is an anomaly, within the next 12-24 months gold will plunge as the world economy gains strength.

  1. Paul Huang

    Joined: Dec 1969

    +3

    550? try the End of February

    650 by the time iPad 3 launches.

  1. Paul Huang

    Joined: Dec 1969

    -1

    By the way...

    I did find my entry point more than 10 years ago when Merrill-Lynch yelled 'fire sale' and dump AAPL at $7. I bought instead. I am a player. It's a revolving door for me. I generally sell plus short at the same time and get back in shortly after that.

    Remember the trading range 350 and 380 three days in a row. Yup, 7% a day. The most recent entry was in the high 300s just over a month ago. Holding this time, because competitors are just falling like dominoes. More than 25% in 30 days, which meet my 'dump regardless' rule, but conditions are different this time.

  1. climacs

    Joined: Dec 1969

    +1

    mmm I dunno

    $650? That's pretty optimistic. I can only see that if unemployment continues to decline significantly, is Europe gets its act together, if there's no conflict with Iran and otherwise there's no significant bad news. Even then, $650 is a highly optimistic scenario. I could see $650 by this time next year after Q1 2013...

  1. gprovida

    Joined: Dec 1969

    0

    font-size:13px

    Apples cuurent and minimum expected growth shows Apple is under valued.

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