An all-time intraday high for Apple stock
What goes up must keep going up apparently: Apple's stock hit an new, intraday high today of US$320.18 and is trading up $6.24, or 1.99%, as of this writing. These numbers knock out Apple's previous intraday record of $319.00, set just a little while back on October 18, 2010.Apple's survival of the USA's economic downturn has been almost supernatural. In the past few months, we've seen Apple grab nearly 50 percent of handset industry profits, post its first $20 billion quarter, break $300 in the stock market, surpass Microsoft's market cap and set record after record after record.
And it all started with two geeks in a garage.
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What goes up must keep going up apparently: Apple's stock hit an new, intraday high today of US$320.18 and is trading up $6.24, or 1.99%,...
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Someone made a seasons metaphor. The Sun will not shine on apple in perpetuity. They can't fire on all cylinders forever. Another downturn (winter) is in Apples future, the question is when and how will they weather it. Will they become another albatross like Microsoft? We'll see!
November 05 2010 at 3:32 AM Report abuse Permalink rate up rate down ReplyAgreed, it's impossible for Apple to continue gaining market share forever. I hope they continue to innovate and do well for quite a while though; I also hope other companies continue to innovate and do well in order to drive the entire industry through blessed competition.
November 05 2010 at 8:25 AM Report abuse Permalink rate up rate down ReplyOwning a substantial chunk of AAPL has allowed me to take the last six months after a layoff to finish, ship (finally!), and sell a Mac app.
I sell some AAPL to pay the bills, AAPL goes up, I end up with almost as much as I started. Hard not to be a bit of a fanboy when Apple supplies a nice platform upon which to develop, *and* indirectly pays the development costs.
Apple is on a roll. But there are seasons. I just hope that they are ready for anything whatever the season may bring. Good economy. Recession. I'm sure they have they are two steps ahead. And all of us just keep on guessing.
November 04 2010 at 4:35 PM Report abuse Permalink rate up rate down Reply"And it all started with two geeks in a garage."
Where can I get a magical garage like that? :D
I just need a couple of capable geeks!
November 04 2010 at 11:57 PM Report abuse Permalink rate up rate down ReplyCoincidentally, the Fed just (yesterday) announced a roughly $600 Billion stimulus meant to fuel the economy. Gold is now at a record high, Ford shares are at a 6-year high and the Dow quickly rose almost 2 percent.
Of course, crude prices also continued to rise and (as reported by Daily Finance) prices for food, cotton, and grain will continue to increase as well. Make of this what you will.
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TUAW (or The Unofficial Apple Weblog) is a website devoted to tips, reviews, news, analysis and opinion on everything Apple.
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