All items tagged with "AAPL"

Apple now accounts for 10% of Nasdaq’s index value

This just keeps getting higher and higher. Photo: Rob LeFebvre/Cult of Mac

This just keeps getting higher and higher. Photo: Rob LeFebvre/Cult of Mac

The Nasdaq has been flirting with busting past the 5000 mark for days now, but investors are blaming one stock on holding it back: AAPL.

Apple shares have ballooned to their highest value ever over the past month. After weeks of growth, the stock’s performance has been flattish the last few days, which is a big problem for Wall Street because Apple now accounts for 10% of the Nasdaq’s index value.

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Apple’s massive cash hoard makes it richer than 141 countries

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All hail the Apple Empire.

It’s hard to truly understand Apple’s astronomical size until you put things into context. With $178 billion in cash as of last quarter, you can start easily comparing the company to the gross domestic product (GDP) of large countries.

In fact, Apple would be the world’s 55th richest country right now, according to the latest data from World Bank.

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Carl Icahn says Apple shares should be worth nearly double

This just keeps getting higher and higher. Photo: Rob LeFebvre/Cult of Mac

This just keeps getting higher and higher. Photo: Rob LeFebvre/Cult of Mac

Shares of Apple stock closed at an all-time high today of $124.88, bringing the company’s marketcap to a staggering 711.59 billion. Tim Cook couldn’t be happier with his company’s performance, but according to famous billionaire investor Carl Icahn, Apple’s stock should really be worth double.

In a letter posted to his Twitter followers, Carl Icahn said his firm has increased AAPL’s forecasted earnings per share in 2015 and believe the market should value Apple at $216. That’s not a price target. That’s what Ichan thinks they should be worth today.

According to Carl, the rest of the market still hasn’t caught on because they’re giving the company a significantly discounted multiple on its P/E ratio compared to the S&P 500.

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$700 billion and counting! Apple is world’s biggest company ever

This just keeps getting higher and higher. Photo: Rob LeFebvre/Cult of Mac

This just keeps getting higher and higher. Photo: Rob LeFebvre/Cult of Mac

Boom! That’s the sound of AAPL stock hitting yet another all-time high Tuesday, making Apple the first $700 billion company in history.

Microsoft made history in 2000 when it became the first company to close at $600 billion, so this feat must make Tim Cook and the entire Apple team incredibly proud.

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Mega-investor Carl Icahn calls buying AAPL a ‘no-brainer’

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Apple just had a killer quarter. In fact, it was the most profitable quarter for any company in history. As such, Apple stock is up 5 percent since Wednesday trading.

But has Apple peaked? Not according to legendary investor Carl Icahn, who recently told CNBC that he was not only raising his own Apple stock price target, but called buying AAPL a “no-brainer.”

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‘Unusual’ trading spurs sharp drop in Apple shares

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Apple shares took an inexplicable beating from investors on Monday morning, leading to the stock’s single biggest fall since January 28th, 2014. And no one really know why.

An unusual spike in trading volume this morning sent the price of AAPL shares falling as much as 6.4 percent to $111.27 in early trading this morning, leading to a loss of more than $40 billion in market value in just a few minutes.

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Apple reaches record $700 billion market cap

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Yep, Apple’s worth a whole lot of money right now. As if you didn’t know that already. Photo: Pierre Marcel/Flickr CC

AAPL shares sure have experienced a crazy roller coaster ride this year. Splitting 7-to-1 earlier in 2014, a fantastic run of product launches and announcements since then has driven Apple stock higher and higher. Earlier this month we noted that Apple was now worth more than the entire Russian stock market, and today it has hit a personal-best market cap of $700 billion.

This happened as Apple’s share price rose to the $119.65 mark, bringing it to a pre-split price of $837.13. For those keeping tabs at home, not only is this better than Apple’s last high point, when it was valued around $650 in late 2012, but it also represents a massive 50% increase since January this year.

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Big investors think Apple could hit $1 trillion market cap in 2015

Photo: Columbia Pictures

Apple could be set for a trillion dollar valuation in 2015. Now that’s cool. Photo: Columbia Pictures

“A million dollars isn’t cool,” says Justin Timberlake’s Sean Parker during one scene in The Social Network. “You know what’s cool? A billion dollars.”

If that’s the case, then people are going to need to come up with new words to describe Apple, because according to some of Wall Street’s best and brightest, the company could hit a trillion dollar valuation as early as next year.

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Apple shares hit new all-time high for third day in a row

Photo: Buster Hein

Photo: Buster Hein

Buoyed by expectation-defying earnings, Apple Pay, and an apparently insatiable demand for the iPhone 6, AAPL stock closed Wednesday at a new all-time split-adjusted high of $107.3.

Apple was trading at $92 at the time of the 7-to-1 split, which means that its current value is up by more than 10% since the division earlier this year. According to Google Finance, Apple ended the day with a market cap of $626 billion, and $629.67 billion as per Yahoo Finance.

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Apple locks up top execs until 2019 with $27 million golden handcuffs

Photo: H. Michael Karshis/Flickr CC

The only handcuffs that presumably come with a free Apple Watch and iPhone 6 thrown in. Photo: H. Michael Karshis/Flickr CC

Apple will be holding on to its top executives until at least 2019, if the granting of new stock options by the Apple board has anything to do with it.

Angela Ahrendts, Eddy Cue, Phil Schiller, Craig Federighi, CFO Luca Maestri, VP of hardware engineering Daniel Riccio, lawyer Bruce Sewell and COO Jeffrey Williams all received stock grants potentially valued at a total of $27 million, based on the high closing price of AAPL stock Thursday.

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