Apple Creeps Over $189
Apple Creeps Over $189
by , 8:20 AM EDT, October 25th, 2007
Apple's stock has been inching closer and closer to the US$190 mark, and in early morning trading on Thursday managed to climb up over $189. The Mac and iPod maker's stock shot up several points into the $180's following the company's fourth quarter earnings report on Monday, and has managed to keep its numbers up through the rest of the week.
Apple's market cap is currently set at $161.69 billion, above IBM at $155.87 billion and Intel at $151.90 billion. Dell, often called the most popular PC maker, has a market cap of $63.70 billion, and closed on Wednesday at $28.49.
Apple is currently trading in the pre-market at $189.10, up $3.17 (1.7%).
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
Observer Comments
Thu Oct 25, 2007 9:46 am Subject: Not for long, unfortunately...
Looks like this morning's news about subprime fiasco (estimated foreclosures to be twice as previously thought) are dragging everyone down fast, and it includes AAPL. No fault of Apple there, though and yes, AAPL touched $190 this week on occasion or two.
This subprime thing will eventually shake out. There is also a (slim) chance that Fed might make another rate-cut move. For the mid- and long-term health of our AAPL shares, we shouldn't be worried.
And, in the end, Let's not forget that we are now solidly above practically everyone that matters: Dell, HP, IBM, Oracle (as well as Amazon, Sony, Yahoo...). There are only three computer companies with market capitalisation greater than apple: Cisco, Google and Microsoft. Even Microsoft, with its market cap hovering around $292B, is about 100% away. Looking at the past six months it took AAPL to climb 100%, it is just the matter of time before Apple becomes the biggest computer company in the world.
Time to buy som AAPL stock (while it's down a bit)
Thu Oct 25, 2007 11:19 am Subject: Remember the days...
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