AAPL Closes At All-Time High of $204.92

| Apple Stock Watch

Shares in Apple Inc. closed at an all-time high Wednesday at the lofty price of US$204.92 per share, a gain of $6.16 (+3.10%), on heavy volume of 42.55 million shares trading hands.

The stock traded as high as $208.7099 during the session, but gave back some gains shortly before the closing bell. Today's closing high beats the previous high of $202.96 hit on December 27, 2007.

Today's gains mean that AAPL is trading at a price-to-earnings ratio (P/E) of 35.8, with a market cap of $183.6 billion. In comparison, Dell Inc. currently has a P/E of 16.1 with a market cap of $29.6 billion. IBM has a P/E of 12.5 and a market cap of $158.4 billion. Microsoft's P/E is 16.4 with a market cap of $237.3 billion.

Generally speaking, high P/E ratios mean that investors are adding value for future earnings. Apple's P/E of 35.8 is considered high for technology companies.

Apple's gains come after a record quarter for revenue, earning, Mac unit sales, and iPhone unit sales, which were reported Monday. On Tuesday the company unveiled new iMacs, a new Mac mini, a new MacBook, and a new wireless, buttonless mouse called the Magic Mouse.

*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.  

Comments

computerbandgeek

Back in my day, Apple stock costed $60. Should have bought then. My University of California education might have actually been payed for if I had raspberry

Lee Dronick

Back in my day, Apple stock costed $60. Should have bought then. My University of California education might have actually been payed for if I had

I paid a $100 a share, but it has split several times so I guess you could say i paid $25 a share. I wish I had bought more at that time, I wish I had bought earlier. We are sitting on the roof-of-the-world right now, but it will probably drop to some extent and I may buy more then. I should have bought more last year this time, but I had to put that money into something else.

Billy Gore

Told my sister to buy years and years ago. Now she has thousands of shares at a cost basis of $7. Now that smarts!

And while I don’t have as much, all of mine are in the money greatly, and I bought $180 January options and have tripled my money there. Thank You, thank you, thank you, Apple!

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