AAPL stock closes at all-time high

AAPL stock closes at all-time high

Summary: Apple, Inc. stock (NASDAQ:AAPL) closed at an all-time high of US$161.

TOPICS: Apple, Banking

AAPL stock closes at an all-time high

Apple, Inc. stock (NASDAQ:AAPL) closed at an all-time high of US$161.45 on Friday and reached as high as US$164.30 in after hours trading. The stock is currently sitting at around US$162.60 in the pre-market hours here on the east coast.

Apple will host a webcast discussing fourth quarter financial results on October 22, 2007 at 2:00 p.m PDT / 5:00 p.m. EDT.

If you're totally obsessed with AAPL, download John Shilling's free AAPLStockDock. It's a stock ticker for Apple, Inc. that grabs the latest AAPL stock quote and displays it in the dock, and in a floating window if you choose.

Update:  Worth noting is CNNMoney's 10-year chart comparing Apple and Dell stock prices. Apple’s (AAPL) market capitalization today is more than double that of Dell (DELL):

  • Apple: $140.4 billion
  • Dell: $62.27 billion

According to a list of the 400 wealthiest Americans published last month, Michael Dell's net worth is more than triple Steve Jobs’.

  • Michael Dell: $15.5 billion
  • Steve Jobs: $4.9 billion

Topics: Apple, Banking

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  • We wouldn't be reading this blog if we weren't totally obsessed

    At least reading AAPL could be practical.
  • This is obviously

    a result of the outrage at Apple deliberately bricking iPhones to keep its AT&T cronies happy.

    It makes perfect sense. Apple's stock always tanks on good news, so this meteroic rise must be because of some Apple screw up.
    • I don't see how

      closing at an all time high is tanking? ]:)
      Linux User 147560
  • Mac installed base

    Piper Jaffray???s Gene Munster is already calculating
    Leopard's impact on the company???s revenue stream.

    In a note to clients issued this morning, Munster
    observes that OS X Tiger, Leopard???s predecessor, was
    also released at the end of the first month of a fiscal
    quarter (April 29, 2005 vs. Oct. 26, 2007). He writes:

    At that time, the OS X installed base was 12 million
    and Tiger sales added $125 million to the quarter.
    The Mac OS X installed base is now approximately 23
    million, so we expect Leopard to add approximately
    $240 million to the Dec. 2007 quarter. This assumes
    similar uptake rates to the Tiger launch, which saw
    15% of the user base upgrade in just 6 weeks
    (eventually 66% of the user base upgraded to Tiger).

    I question his approximation of Mac's installed base. I
    think it's much higher, and so will be its effect on
    Leopard's sales and thus on Apple's stock price.

    Does anyone have reliable figure for Mac's installed
    base? It is only with this number that we can
    anticipate where sales and stock-price are going.
    • Someone knows...

      But you'll have to pay.