Even though the stock was slightly down at the end of today trading session, it has now reached incredible new heights in after-hours trading.
AAPL is currently trading at about $450. That's a $30 jump from the previous trading record. Of course, this is all fueled by Apple's amazing financial results for last quarter. It's good to be an Apple shareholder right now...
After missing expectations during the third quarter last year, all eyes were on Apple in 2011's Q4. Tim Cook and company made seemingly impossible projections for the three month period, and everyone has been watching to see if Apple could deliver.
Well the results are in today, and not only did Apple meet its own lofty expectations, but it blew every metric out of the water. For example, it predicted it would sell 30 million iPhones. And it actually sold 37 million. Keep reading for the full report...
Back in October of last year, TechCrunch writer MG Siegler wrote an article entitled "If You Sold Your Apple Stock Today, You're an Idiot." The post was in response to Apple's stock price dropping more than 23 points in 8 hours.
The crash was likely the culmination of Steve Jobs' recent passing, initial reaction/disappointment to the iPhone 4S, and the fact that Apple missed The Street's sales projections for their Q3 of 2011. But the negativity didn't last long...
After a disappointing [define disappointing] third quarter last year, Apple's CEO Tim Cook made one of the boldest projections in the company's history: Apple is going to sell 30 million iPhones and hit $37 billion in revenue in Q4 of 2011.
To put these numbers in perspective, Apple only sold 17 million iPhones in Q3 of last year, hitting just $28.3 billion in revenue. So you can see why some folks were taken a back by Cook's predictions. But hey, anything can happen, right?
With Black Friday finally over and the madness it creates beginning to dissipate, stores and online retailers are now taking stock and more importantly, counting the cash.
If Best Buy's online store is anything to go by, Apple's iPad has been the big seller this year, with all of the iPad 2 stock now unavailable to order due to high demand. Best Buy did offer a near $50 off discount on the iPad 2 yesterday.
But it's OK, Best Buy still has plenty of of Galaxy Tabs available for purchase...
For years pundits and analysts wondered if Apple could survive without its visionary CEO Steve Jobs. And with the Apple founder's resignation earlier this year, and then tragic passing, it looks like they are going to get their answer.
But Apple's future doesn't look too gloomy. A majority of its key players are still with the company. And it doesn't look like they're going anywhere anytime soon, as several of them were just given millions of reasons to stick around...
It's that time again, Apple has posted its earnings for Q4 just ahead of the company's quarterly earnings call. Apple set multiple records in the 4th quarter of the 2011 fiscal year, including quarterly revenue, and quarterly net profit.
But the Cupertino company's report doesn't come without some bad news. For the first time since 2002, Apple missed Wall Street's projected earnings, selling less iPhones and iPods than analysts expected. And shareholders are showing their disappointment...
Just like when Steve Jobs resigned from his CEO duties in August, Apple stock is slightly up this morning, despite the terrible news. With the death of the company's visionary, I expected the stock to be down a bit, but it's not at all.
In his resignation letter, Steve wrote, "I believe Apple’s brightest and most innovative days are ahead of it." Investors seem to agree...
Good news if you've invested some of your hard earned (or not) money in Apple. The stock is currently skyrocketing. It reached its highest price in history today when it briefly traded at $411.50. At the time I am writing this, it is at $409.66 (a 2.3% increase from the last trading session) while the Nasdaq and Dow Jones are both down.
Is it too late to buy AAPL? I doubt it. With the iPhone 5 right around the corner, just in time for the holidays, something tells me that Apple's stock is only going to get better...
In the months and years leading up to Steve Jobs' resignation, most of Wall Street seemed pretty nervous about Apple's fate, post-Jobs. His ongoing health issues garnered constant speculation on whether the company could keep pace without him.
Last month, everyone was forced to confront their fears. Jobs sent out a somber resignation letter, admitting he could no longer carry out his CEO duties. But as the last few weeks have shown, Apple seemingly hasn't skipped a beat...
In only a couple hours of trading since Steve Jobs announced his resignation as CEO, Apple shares have only gone down about 5%. Considering Jobs' impact and influence in the minds of both consumers and Wall Street, that's not really the huge drop that everyone expected.
Steve built up Apple as a well-oiled machine before he stepped down, and he's left that machine in the capable hands of Tim Cook and the rest of the Apple board. It should also be noted that Steve will still be heavily involved in Apple, as he as accepted the postion of Chairman of the Board.
Following the recent announcement that Apple had for the first time ever became the most valuable company in the world, surpassing Exxon, analysts are already predicting Apple's future.
Analyst Shaw Wu with Sterne Ageesent told investors Wednesday that Apple’s Mac and iPhone market shares could double, or even triple, in the next few years.