AfterDawn: News

Apple shares hit a new milestone

Apple, the world's most valuable public company, has seen another milestone today, a $600 per share stock price.

At the time of Steve Jobs' death, the share price was $380 but the company continues to have record quarters and sales despite the passing of the company's founder and visionary.



The company has a current market capitalization of $550 billion, far and away the most valuable in the world, even ahead of Exxon Mobil.

Shares of the company were just $180 before the launch of the iPhone in 2008.

Apple had $127.8 billion in sales for 2011, making a profit of $43.82 billion. The company now has $100 billion in cash and short-term liquid assets.

Written by: Andre Yoskowitz @ 15 Mar 2012 13:16

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• 11 comments

• robertmro

  Where are all the APPLE haters?
  

  15.3.2012 15:23 #1

• nbfreak2

  Apple seems to laugh the hate to the bank????......
  

  15.3.2012 16:25 #2

• LordRuss

  Originally posted by robertmro: Where are all the APPLE haters? Sorry, I was taught to make a courtesy flush when in a public facility...
  
  Yeah... great... big whoop... any company could do this by following the same redundant business model I have outlined multiple times, in multiple forums, stemming back from the 80s. They apparently think this model isn't broken so why fix it. Hallelujah, the Apple lovers rub it in the rest of our faces & we (whomever simply doesn't agree) can't seem to get through their heads, there is more than 1 axis, blu, blu, blu...
  
  It's tired old tedium that could be said to pour out of a debate of Darwinism vs Creationism (or vice verse to be alphabetical). Microsoft could be 800 fold if they sat on their stock & didn't split off too, but they didn't. This is CrApple's big secret & frankly, not a big secret at that. No big challenge there.
  
  Why haven't they? Possibly so that little dollar pee-ons don't think they can come in & buy up a bunch of stock options giving them a means to voice an opinion on company ventures. Or better still, multiple little pee-ons buying up stock options so they can tell CrApple what to do.
  
  Therefore, Apple buys back into their own stocks on occasion during slow peaks or bad decision seasons so as to keep their portfolio looking good, & the banks will continue to fund their next stupid adventure into mediocrity that will probably pay off in dividends.
  
  How's that?
  

  http://onlyinrussellsworld.blogspot.com

  15.3.2012 16:58 #3

• SProdigy

  Originally posted by LordRuss: Originally posted by robertmro: Where are all the APPLE haters? Sorry, I was taught to make a courtesy flush when in a public facility...
  
  Yeah... great... big whoop... any company could do this by following the same redundant business model I have outlined multiple times, in multiple forums, stemming back from the 80s. They apparently think this model isn't broken so why fix it. Hallelujah, the Apple lovers rub it in the rest of our faces & we (whomever simply doesn't agree) can't seem to get through their heads, there is more than 1 axis, blu, blu, blu...
  
  It's tired old tedium that could be said to pour out of a debate of Darwinism vs Creationism (or vice verse to be alphabetical). Microsoft could be 800 fold if they sat on their stock & didn't split off too, but they didn't. This is CrApple's big secret & frankly, not a big secret at that. No big challenge there.
  
  Why haven't they? Possibly so that little dollar pee-ons don't think they can come in & buy up a bunch of stock options giving them a means to voice an opinion on company ventures. Or better still, multiple little pee-ons buying up stock options so they can tell CrApple what to do.
  
  Therefore, Apple buys back into their own stocks on occasion during slow peaks or bad decision seasons so as to keep their portfolio looking good, & the banks will continue to fund their next stupid adventure into mediocrity that will probably pay off in dividends.
  
  How's that? You must've missed the part where they have $100 billion in cash. THEY ARE THE BANK!

  15.3.2012 17:47 #4

• snardos

  If anything this should show the apple fans how much they are overpaying. If apple actually appreciated their customers they would drop their prices to a level where more people could buy their product. Then again, people think paying more for something makes it worth more, so if they dropped their prices they might actually sell less.

  15.3.2012 18:51 #5

• DVDBack23

  Originally posted by snardos: If anything this should show the apple fans how much they are overpaying. If apple actually appreciated their customers they would drop their prices to a level where more people could buy their product. Then again, people think paying more for something makes it worth more, so if they dropped their prices they might actually sell less. Drop prices? Why? They already sell more tablets and smartphones than anyone else.
  

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  15.3.2012 20:52 #6

• statomike

  Originally posted by snardos: If anything this should show the apple fans how much they are overpaying. If apple actually appreciated their customers they would drop their prices to a level where more people could buy their product. Then again, people think paying more for something makes it worth more, so if they dropped their prices they might actually sell less. Apple fans literally think that Apple having more money adds value to what Apple has sold to them.

  15.3.2012 21:51 #7

• snardos

  Originally posted by DVDBack23: Drop prices? Why? They already sell more tablets and smartphones than anyone else. I was more referring to their line of computers. But I do know a few people who wish they could get an iPad but can't afford it.
  
  I have had a few apple devices and I am glad to say I learned my lesson.

  15.3.2012 22:12 #8

• nbfreak2

  Hate em Love em what ever they have lots of money and are still makeing lots of money.....
  

  16.3.2012 08:31 #9

• LordRuss

  Originally posted by DVDBack23: Drop prices? Why? They already sell more tablets and smartphones than anyone else. And it still doesn't necessarily account for taste... "Nail two things together that have never been nailed together before & some schmuck'll buy it." George Carlin.
  
  Never has this been the most pristine & beautiful rendering of a model of 'perfection' than Apple's introduction of the 'tablet'. And be damned their getting a premium for it. I'm not paying it... certainly others are; for literally something that truly couldn't be less needed. I.e., tablets are actually backward technology, not forward.
  
  Other than the micronization, nothing is particularly new.
  

  http://onlyinrussellsworld.blogspot.com

  16.3.2012 11:07 #10

• xnonsuchx

  Funny. I see people buying drinks for 10-20+ times the cost to make it and nobody's incessantly bitching about it.

  17.3.2012 03:41 #11