Apple
Apple stock hits all-time high
By Jim DalrympleOctober 21, 2009, 10:03 am PT
Apple’s stock on Wednesday hit an all-time, reaching $206.17 on the Nasdaq around 11:00 am this morning.
It’s interesting to watch the stock fluctuations and the things that affect a company’s stock price. I don’t often write stories on the stock market, simply because it changes so quickly and often without any good reason.
However, Apple’s all-time high underscores what’s been happening with the company.
We could go back years worth of fiscal quarters and track the growth of the iPhone, Macs, iPod and other products, but let’s just look at the most recent earnings report.
On Monday, Apple reported revenue of $9.87 billion for the fiscal fourth quarter, compared to $7.9 billion for the year-ago quarter. The company also posted a $1.67 billion profit compared to a $1.14 billion profit last year.
Apple sold more Macs and iPhones in the fourth quarter than any other quarter in its history.
Things are looking up for Apple and have been for quite some time. The stock price is finally catching up.
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Apple stock hits all-time high
By Jim DalrympleOctober 21, 2009, 10:03 am PT
Apple’s stock on Wednesday hit an all-time, reaching $206.17 on the Nasdaq around 11:00 am this morning.
It’s interesting to watch the stock fluctuations and the things that affect a company’s stock price. I don’t often write stories on the stock market, simply because it changes so quickly and often without any good reason.
However, Apple’s all-time high underscores what’s been happening with the company.
We could go back years worth of fiscal quarters and track the growth of the iPhone, Macs, iPod and other products, but let’s just look at the most recent earnings report.
On Monday, Apple reported revenue of $9.87 billion for the fiscal fourth quarter, compared to $7.9 billion for the year-ago quarter. The company also posted a $1.67 billion profit compared to a $1.14 billion profit last year.
Apple sold more Macs and iPhones in the fourth quarter than any other quarter in its history.
Things are looking up for Apple and have been for quite some time. The stock price is finally catching up.
Please take a minute to Tweet, Like, or Share this post with your friends.
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⋅ Post a comment
Discussion 2 comments so far
2 Responses to “Apple stock hits all-time high”
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Just hit 207.30 a couple minutes ago
How’s DELL stock doing? Shouldn’t Michael Dell just call it quits, and liquidate his money-losing company and sell it off to the investors who deserve to get something back?