All items tagged with "AAPL"

iDown: Apple struggles during its first day on Dow

AAPL shares are down the first day on the Dow. Photo: Cult of Mac

AAPL shares are down the first day on the Dow. Photo: Cult of Mac

Apple officially joined the Dow Jones Industrial average today, placing the world’s most valuable company among historic brands like Coca-Cola, Boeing and 3M. But Apple’s first day with the big boys isn’t getting off to a great start.

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This is what the Dow would have looked like if Apple joined in 2008

This is what the Dow would look like if Apple had joined in 2008. Photo: Bloomberg

This is what the Dow would look like if Apple had joined in 2008. Photo: Bloomberg

The Dow Jones Industrial Average measures the strength of American industry based upon how 30 large, publicly owned companies in the United States have traded in the stock markets. Companies come in and out the Dow periodically, according to whether their fortunes are waxing or waning.

When Apple joins the Dow Jones Industrial Average next week — replacing AT&T, which has been on the index since 1916 — the Dow will be at a historic high (assuming nothing catastrophic happens between now and then). But if Apple had joined the Dow in 2008, that value would be even more historic. It would have added more than 4,300 points to the Dow.

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Why Apple joining the Dow Jones is a big deal

Tim Cook has pushed the green agenda during his time as Apple CEO.

Tim Cook has led Apple to new heights. Photo: Bloomberg

On March 19, the world’s most valuable company will join the world’s top stock index.

In a feat of great irony, Apple is replacing none other than AT&T on the Dow Jones Industrial Average this month. And even if you don’t care about the stock market, for Apple it’s a big deal.

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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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