Today in Apple history: Apple stock smashes through $700 barrier

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bull Wall Street
Like a bull in an... Apple store?
Photo: Sam Valadi/Flickr CC

September 17: Today in Apple history: Apple stock smashes through $700 a share September 17, 2012: On the back of record iPhone 5 preorders of 2 million in 24 hours, Apple’s stock price hits a new all-time high. For the first time in history, AAPL breaks the $700 mark in after-hours trading. Passing the milestone cements Cupertino’s place as the world’s most valuable publicly traded company.

Amazingly, the new record is $270 a share higher than Apple at the start of the year. The stock rose 65 percent in just nine months.

iPad lover Warren Buffett plows more money into Apple

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Buffett
Warren Buffett is one of Apple's biggest cheerleaders these days.
Photo: CNBC

It wasn’t that long ago that Warren Buffett, probably the world’s most famous investor, said that he just didn’t get get Apple and wasn’t investing in it as a result.

To quote the late Biggie Smalls, “things done changed.” In a new interview with CNBC, coinciding with Buffett’s 88th birthday, the now-Apple-loving financial titan shared his thoughts on a number of topics — and you can bet that the iPhone was among them!

Watch out, Apple: Amazon could be worth $2.5 trillion by 2024

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Bezos
Amazon CEO Jeff Bezos has a lot to be cheerful about!
Photo: Steve Jurvetson/Flickr CC

Apple may have pipped Amazon to the post by being the first company to hit $1 trillion (despite some predictions to the contrary), but Amazon has nothing but good things in its future.

According to a new report from MKM Partners, by 2024 — roughly five years from now — Amazon could be valued at a whopping $2.5 trillion. Amazon Web Services alone could, meanwhile, be valued at a whopping $1 trillion, approximately the same valuation Apple holds today.

Tim Cook could find himself $120 million richer this Friday

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Tim Cook
Tim Cook will have another reason to smile this week.
Photo: Jim Merithew/Cult of Mac

Tim Cook is set to rake in around $120 million in Apple stock this week, thanks to another year well done as Apple CEO.

Cook will receive a maximum of $560,000 shares on Friday. This is split into two separate awards: 280,000 shares for his continuing service as Apple’s chief executive, and another 280,000 on condition that Apple’s stock market return over the past three years exceeds two-thirds of the other stocks in the S&P 500.

Today in Apple history: Apple steals a financial record from Microsoft

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Tim Cook earnings apple
Yet another financial milestone.
Photo: Ste Smith/Cult of Mac

Aug 20: Today in Apple history: Apple steals a financial record from Microsoft August 20, 2012: Apple passes a financial milestone as it becomes the most valuable publicly traded stock ever.

The company it bests to attain this record? Long-time rival Microsoft, which peaked on December 30, 1999. Apple’s surge to the top spot serves as a reminder of just how radically the fortunes of both companies changed over the years.

Warren Buffett’s firm just can’t stop investing in Apple

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money
Berkshire Hathaway has made crazy amounts of money from Apple.
Photo: Ste Smith/Cult of Mac

If a company made you $2.6 billion in a single day, you’d probably want to continue investing in it. That’s what Warren Buffett’s Berkshire Hathaway firm has done with Apple, according to its latest regulatory filing.

In the second quarter of 2018, Berkshire Hathaway boosted its stock in Apple by 5 percent, upping its holding from 239.6 million shares to 252 million. According to current valuation that means the firm’s Apple investment is worth around $47 billion.

Apple stock earns Warren Buffett $2.6 billion in a single day

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Buffett
Breaking news: Warren Buffett knows how to invest wisely.
Photo: CNBC

For a person who famously said he doesn’t like to invest in tech stocks, Warren Buffett has done pretty well with Apple.

Following the company’s amazing quarterly earnings this week, Buffett’s shares in Apple have proven to be an insanely smart bet. How smart? Thanks to the 6 percent spike in Apple stock yesterday, Buffett’s Berkshire Hathaway firm likely made upward of $2.6 billion in a single day.

Panicky analyst warns investors off Apple

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CNBC
AAPL stock is currently trading slightly down at $189.92.
Photo: CNBC

Apple reports its quarterly earnings later today, and while most people are optimistic, one analyst is throwing out a warning.

Referring to the so-called FAANG stocks of Facebook, Apple, Amazon, Netflix and Google, analyst Larry McDonald warns that the tech giants have the potential to lose more than a third of their value. Is this the time to quit AAPL while you’re ahead? McDonald says you might want to get the hell out of Dodge.

Apple share price falls as iPhone component orders decline

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Don't be quite so quick to judge, though!
Photo: Ste Smith/Cult of Mac

Apple has reportedly warned its supply chain of plans to cut 20 percent of new iPhone component orders. This news triggered a drop in Apple’s valuation, with shares falling 2.1 percent in U.S. pre-market trading.

Shares in Apple suppliers including AMS AG, Dialog Semiconductor, STMicroelectronics and Infineon Technologies also fell as a result of the news.