In Nasdaq trading today, shares of Apple Inc. (AAPL) rose $1.53, or 0.48%, to $319.23, a new all-time closing high. Apple’s all-time intraday high stands at $319.99, set during trading yesterday.
Apple’s 52-week low stands at $151.74.
Apple currently has a market value of $1.399 trillion.
The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – $1.399T
2. Microsoft (MSFT) – $1.270T
3. Alphabet (GOOGL) – $1.026T
4. Amazon (AMZN) – $936.178B
5. Facebook (FB) – $627.898B
Selected companies’ current market values:
• Berkshire Hathaway (BRKA) – $566.305B
• Walmart (WMT) – $328.616B
• Intel (INTC) – $275.921B
• Disney (DIS) – $257.213B
• Cisco (CSCO) – $208.083B
• Adobe (ADBE) – $169.405B
• Netflix (NFLX) – $151.691B
• IBM (IBM) – $126.682B
• SoftBank (SFTBF) – $91.769B
• Sony (SNE) – $89.026B
• Advanced Micro Devices (AMD) – $60.279B
• Dell (DELL) – $37.321B
• Hewlett-Packard (HPQ) – $32.145B
• Spotify (SPOT) – $26.053B
• Twitter (TWTR) – $26.311B
• Nokia (NOK) – $22.693B
• BlackBerry (BB) – $3.678B
• Fitbit (FIT) – $1.771B
• Sonos (SONO) – $1.574B
• RealNetworks (RNWK) – $58.324M
AAPL quote via NASDAQ here.
MacDailyNews Take: The upward climb continues, gloriously!
Apple has a fairly decent lead, but I expect Microsoft to soon pass Apple in market cap as analysts have been giving Microsoft some rather high price targets. I think that most of those price targets are based on cloud growth potential and not necessarily anything that is taking place currently. I don’t think Apple is being given very much growth potential and I believe even 5G iPhone growth will be hit and miss with no guarantees. Apple may need some AR glasses success to stay in the market cap lead. Success in a new product category would push Apple’s value into the stratosphere.
It’s rather interesting how these tech companies are being valued when a few years back I think most of Wall Street didn’t predict any trillion-dollar companies as they violated “the law of large numbers.” What a joke. Now they’re predicting two-trillion-dollar companies within the next couple of years. If Facebook becomes a trillion-dollar company then I think the stock market is a sham. Facebook just seems so intangible to me but I hear how big data is so important to many companies. Still… Facebook just seems like a latter-day AOL but obviously a lot more profitable.
Now Tesla has become the most valuable automaker of all time and no Tesla vehicle is comparable to a Model T Ford. I guess a company really doesn’t need market share percentage to be highly valued and I don’t know a single person who wants an electric vehicle. Market caps are kind of weird as they mainly indicate some specious future value. I can’t even imagine a world where electric vehicles replace ICE vehicles.
The valuations for much of silicon valley, including Tesla, is now bordering on absurd. The stock prices of glorified ad agencies and electric boutique car makers are buoyed by speculators that have nowhere else to put their money. The aftermath is going to be quite spectacular — the question is whether the bubble bursts quickly or whether the balloon deflates like Japan’s did over the last couple decades.
Microsoft has tons of pans on the stove — most of them highly profitable B2B and industry ventures that don’t directly compete with Apple. In fact, Apple is one of Microsoft’s biggest customers.
As for Apple – it has the advantage of a sizeable herd inside its iOS walled garden. It therefore won’t crash anytime soon. That being said, Apple is limiting its own potential in some areas by chasing after unprofitable competitors (Snap, Facebook, Netflix, Pandora, et al) while being surprisingly slow about embracing markets with huge room for growth (phones in India, lower cost Macs for emerging markets, durable hardware and software for the business world, etc). As long as Timmy relies on iOS app store income to keep the lights on, and everything else is just fun SJW stuff and media production, I predict that the next young Jobs & Woz duo could very well come along with substantially better user-focused products affordable to more people, easier to use, with fewer corporate overlord strings attached.
“I don’t know a single person who wants an electric vehicle.”
Most of the population doesn’t know they want one yet
The spread between Apple and M$ exceeds IBM’s Cap.
Amazing!
Holy Crap!
Sheesh!
Tesla’s yrly low = $180 and it passed $572 today. Some have $800 as a price target. Multi-yr targets are completely stratospheric (whacked).
All for a company that’s had a profit problem for their entire existence.
How many years was amazon stock sky high while they were losing money?
Some companies aggressively reinvest every dime they make back into their own growth (and founder’s lifestyle). So far, so good.
The problem is later — when they are big enough to easily stand on their own feet, they claim on paper to never make money, asking constantly for special tax exemptions and free eminent domain on which to build edifices to themselves. They claim to pay all taxes “they legally owe” but the lion’s share of their money is always hoarded offshore while its own hometown/state/country may not be able to maintain basic infrastructure and services without taxing the hell out of local citizens. Or, as the extreme rightists are wont to do, run insane deficits and let the next generation pay for it. By the time the debt-inflated tax bill is due, Bezos and Musk will have declared Mars their permanent residency. The children of their personal assistants will pay double the current tax rates plus interest, and inherent a polluted desertified planet with rusted out former company towns empty and masses of overcrowded urban asphalt piled nearby the last remaining potable water. People will spend their every dollar on distractions and escapism from the toxic hellhole people like Bezos created for their progeny. But everyone is happy it was all cheap to buy on Amazon. Think Wall-E, it’s happening before your eyes.