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AAPL hits record highs, up 55% over 6 months

The charts tell the story: AAPL is feeling the iPhone bump. Even without today's $2 runup on the on-again/off-again iPhone Nano rumors (triggering a busy day: 14% more AAPL trades than usual), the stock is now solidly up 55% year to date, putting Apple's market capitalization as of today's close hovering near $115 billion. Whatever aggravation or gripes one might have with Apple's newest product, it's clear that Wall Street is feeling the iPhone love in a big way.

Something really interesting might happen this week if the spike continues: Apple, Inc. market value may soon surpass that of the company where Steve & Steve got their start: Hewlett-Packard. HP's market cap is $117B, by no means out of reach considering the circumstances. (Of course, Google's market cap is over $162B... but that's just craziness.)

Disclaimer: I hold Apple, Inc. stock. Split-adjusted, I bought it at about $13. Never give up -- never surrender.


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The charts tell the story: AAPL is feeling the iPhone bump. Even without today's $2 runup on the on-again/off-again iPhone Nano rumors...
 

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Brad

I use etrade.ca and I've found the pricing and service good. I am happy with it.

Also to those who are waiting for the stock to split before they buy, the only reason that would be good for you is if you don't have #133 to buy a single share. AAPL will still have a p/e ratio of 42, the company will still be worth $110B, etc.

July 12 2007 at 1:44 PM Report abuse rate up rate down Reply
j.holtslander

Anyone used etrade.com or etrade.ca?

July 12 2007 at 12:00 PM Report abuse rate up rate down Reply
R Muffet

GOOG isn't crazy, it's making money and doing it at an accelerated rate, unlike the dotcomas which were just hot air.

But MSFT is almost $300 Billion...

Which is probably equal to the sum of all the companies they put out of business in their 30 year history of anticompetitive practices. Bigger doesn't necessarily mean better.

Apple's market cap has come from pure innovation that is firing on all cylinders. As long as some bozo doesn't fire Steve again, the sky's the limit.

July 11 2007 at 9:12 PM Report abuse rate up rate down Reply
SoftGuy

@Someguy is correct. Steve Jobs worked at Atari - Woz worked at HP.

And in other news, Apple is doing a bit better than Atari these days.

July 11 2007 at 3:26 PM Report abuse rate up rate down Reply
Pete

@Leonard Nimrod

I've been a member of sharebuilder for more than a few years now, and I don't recall EVER being charged a monthly fee - yes, they do charge $15 for market orders, but the reason I switched to them (from etrade) in the first place was because they *didn't* require you to have a certain amount of money in your account.

IIRC, Etrade also charges you a quarterly fee if you don't make a certain amount of trades, etc.

Sharebuilder rocks, IMO, if you only make a few trades a year (like me) and you don't want to have to bother with all sorts of miscellaneous charges & conditions for your account.

July 11 2007 at 10:38 AM Report abuse rate up rate down Reply
Billy K

I remember sitting at my crappy Design job, in front of my crappy StarMax in 1995 or 96, talking to the other Artist with the business section of the newspaper (remember those?) open. We agreed that if either of us had any money, we should buy some Apple stock. It was down to $9 that day.

July 11 2007 at 9:50 AM Report abuse rate up rate down Reply
mungler

scottrade looks like US-only. any which are internationally available??

July 11 2007 at 9:35 AM Report abuse rate up rate down Reply
Zagnut

I think HP is just where "steve got his start", not "steve and steve" because if I remember correctly Steve Jobs never worked for HP, just Steve Wozniak.

July 11 2007 at 9:31 AM Report abuse rate up rate down Reply
terssi

Bill M,

Since 1997 AAPL has had two 2:1-splits, so your split-adjusted purchase price was about $3 apiece.

July 11 2007 at 9:08 AM Report abuse rate up rate down Reply
mungler

anyone know a good site to buy AAPL stock from here in the UK?

July 11 2007 at 8:46 AM Report abuse rate up rate down Reply
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