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


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% in just nine months.

Aramco oil giant overtakes Apple to become world’s most valuable public company


International governments plan to rethink tax rules for the ‘digital age’
Apple has dropped a few hundred billion in value recently.
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Apple is no longer the world’s most valuable public company after it was overtaken by Saudi oil company Aramco. Apple’s share price has dropped 17% since it peaked in early September.

Having passed the $2 trillion market cap milestone last month, Apple has now dropped to $1.915 trillion. Apple and Aramco are the only two companies in the world to to have achieved valuations of $2 trillion.

Apple stock keeps climbing after 4-to-1 split [Updated]


Let's see how this Apple stock split pans out.
Let's see how this Apple stock split pans out.
Photo: Markus Spiske/Unsplash CC

Apple shares shot up more than 3% Monday following a 4-for-1 stock split that took place after the market closed Friday.

This morning, every Apple shareholder who owned one share at Friday’s closing price of $499.23 owned four shares, each with one-quarter that value ($124.81). After soaring as high as $131 in trading Monday, AAPL closed at $129.04, up $4.23 (3.39%) for the day.

Apple shares could rocket even further in next 12 months


Apollo 11 wallpaper
It's a metaphor.
Photo: NASA

Apple shares could jump by more than a third in the next year, following next week’s 4-to-1 stock split, an analyst for social trading brokerage company eToro claims.

Alongside Tesla, which will undergo a 5-to-1 stock split on the same day, Adam Vettese suggests Apple’s stock split “could act as a tailwind” for the value of its shares.

For Apple, $2 trillion might be just the start [Cult of Mac Magazine 363]


Apple hits $2 trillion market cap and doesn't look back.
How high can AAPL stock go?
Cover: Leander Kahney/Cult of Mac

Apple’s brain-melting march beyond a $2 trillion market cap might be just the start. Find out how high AAPL stock might go (and why all this success might have Apple fans tired of winning).

Plus, we’ve got more Apple rumors, this time concerning a potential cheaper Apple Watch and more! And Epic Games unleashes yet another creative salvo in its battle royale with Apple. (Surprise, surprise — Cupertino fires back in court.)

You can read all these stories, plus plenty of Apple how-tos and product reviews, in this week’s free issue of Cult of Mac Magazine. Download it now!

Apple still has ‘a lot of gasoline’ left in the tank after passing $2 trillion


Apple MacBook cash dollars money
Apple's at $2 trillion and not slowing down.
Photo: Ed Hardy/Cult of Mac

Apple passed $2 trillion this week, but one bullish Apple analyst doesn’t think the stock is anywhere near its limits. In a note published Friday, Wedbush analyst Dan Ives wrote to clients that he thinks Apple has “a lot of gasoline” left in the tank.

Ives predicted Apple could reach as high as $600. Currently, AAPL is trading at $473.10, defying the overall market with its upward trajectory.

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


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

Aug 20: Today in Apple history: Apple passes Microsoft as most valuable publicly traded stock ever 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? Longtime 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.

Apple hits astonishing $2 trillion market cap [Updated]


Apple soars past the $2 trillion market cap Wednesday.
Apple soars past the $2 trillion market cap Wednesday.
Photo: Lewis Wallace/Cult of Mac

Apple hit a massive $2 trillion valuation early Wednesday, becoming the first publicly traded U.S. company in history to hit this milestone.

Apple needed to climb to $467.77 per share to reach the $2 trillion valuation, according to CNBC. It reached a high of $468.09 in early trading Wednesday. On Thursday, it climbed even higher to $469.17.

Apple is tantalizingly close to passing the $2 trillion market cap [Updated]


Apple MacBook cash dollars money
Apple is about to pass a once unimaginable financial milestone.
Photo: Ed Hardy/Cult of Mac

Apple hit a new all-time high in early trading Monday, taking the company tantalizingly close to the $2 trillion mark. AAPL rose to $464.35 on Monday before dropping to close at $458.43 (down $1.20, or 0.26%).

Apple’s current market cap (the share price multiplied by the number of outstanding shares) currently stands at $1.96 trillion. If Apple passes the $2 trillion milestone, it will become the first publicly traded company in history to do so.