And it looks like the company’s best days may well be ahead. A way to think about a market cap is that it’s a company’s value in good faith; after all, shares are an intangible asset, not a physical item, so they are worth nothing if no one wants them. The price of each share in a company is determined by the supply and demand for that company’s stock in the market. The number of shares you own isn’t as important 10 best new stocks to buy now as the total value of your investment.
How Much Does the Share Price Matter?
Investors are likely assuming any loss in sales amid the coronavirus scare will merely be pushed to a later date. So the impact on Apple’s financials will be temporary, followed by a surge in demand once the coronavirus outbreak eases. As of 13 March, the Apple share graph has lost more than 6 per cent since the start of the year which is better than the broader US Tech 100 that has fallen more than 12 per cent. Laura Martin, an analyst with Needham, said under a worst-case scenario, 32 per cent of Apple’s entire business could be disrupted. She said unless Apple’s factories are fully operating by June, it won’t be able to launch a new iPhone device in 2020. But investors who counted Apple to be down and out were on the losing side of the trade and missed out on a whopping 89 per cent surge throughout 2019.
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Even after the recent rally, Apple remains behind Microsoft as the world’s most valuable company, a title Apple relinquished in January. Investors must have slept nicely on the AI rollout, as the Apple stock rise reversed premarket losses and a modest selloff in Monday afternoon trading during and after Apple’s Worldwide Developers Conference’s keynote event. The stock gained as much as 2.2% in morning and early afternoon trading, hitting as high as $184.95, shattering its prior all-time high of $182.94 achieved last January. After that stunning peak in the late summer, Apple’s value slumped. By September 2023, Apple’s market cap fell to $2.8 trillion. For investors, these historic prices highlight the importance of long-term value creation, market timing, and the potential rewards of investing in companies with solid fundamentals and visionary leadership.
Apple’s stock peaked at $327.85 before investors started questioning what impact the coronavirus would not only have on consumer demand worldwide but to its supply chain. Apple depends on factories across China to manufacture its devices. Apple stock performance and momentum continued throughout the late 2000s and into the new decade with the April 2010 launch of the first iPad. Unfortunately, the early start of the decade is also highlighted with the death of Jobs who stepped down in August 2011 and died around two months later at the age of 56. Apple’s board of directors ousted Jobs from the company in 1985 only for him to return as CEO in 1997.
- However, looking at the highest stock prices can be worthwhile both for investors and those interested in the stock market’s history.
- Buying at the lowest price and selling at the highest price.
- Berkshire Hathaway A shares (BRK.A) reached a closing high of $634,440 on March 28, 2024.
- Apple trades under the stock ticker name AAPL and went public on December 12th, 1980, with a valuation of $22 per share, according to Apple’s investor site.
- The company’s shares have since split, and the stock closed at $182.99 on July 1, 2024.
- Based in South Wales, Malcolm Owen has written about tech since 2012, and previously wrote for Electronista and MacNN.
The reason is to know how much one can gain if the performance repeats in the future. A simple technique will help you get a feel of the magnitude of the highest price. The technique is to compare the price with the average prices during the month and year of occurrence.
Apple’s stock price increased over the years and rose to $92.54 on 9 January 2007, which corresponds to the day Jobs first introduced the concept of the iPhone. When the new phone was launched on 1 June shares were trading at $122.01. That’s how much Apple’s stock is up year-to-date, including dividends. That’s much worse than the S&P 500’s 13% gain, but it still indicates quite the stock market turnaround for Apple, whose shares were down 12% on the year as recently as the end of April.
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Will consumers want to spend as much money as before on devices instead of saving cash for emergencies? This is ultimately the key question that will dictate Apple’s stock performance but also a question no one can answer today. Buying at the lowest price and selling at the highest price. Imagine for a second you had bought the Apple Inc (AAPL) share during its lowest price prior to the highest close. In that case, your gain will look like as shown in the table below. This section helps you to visualize in numbers the real gains one would have achieved if he had bought the share 1 week, 1 month or 1 year before the highest price day.
Buying 10 shares of a lower-priced stock versus one share of a higher-priced stock doesn’t necessarily make a difference in the overall investment value. AutoZone (AZO) sells aftermarket auto parts, such as brakes, batteries, engine oil, headlights, and drivetrains. The company’s share price has been steadily increasing since 2021, reaching a closing high of $3,239.32 on March 22, 2024. Booking Holdings (BKNG) owns the travel reservation sites Booking.com and Priceline—two of the biggest players in the online travel industry.
Apple products are ubiquitous, and the company has been around long enough that people trust its staying exchange rate us dollar to mexican peso power. And with approximately 15.5 billion shares outstanding, a high Apple share price equates to a massive market cap. That propelled a roughly $215 billion surge in Apple’s market capitalization to $3.2 trillion, ranking among the 10 largest daily market value surges in history. Market cap is determined by multiplying the value of a company’s share price by the number of outstanding shares in existence. A company with a $10 share price that had sold 1,000 shares would be worth $10,000, for example — decidedly small-cap.
Buffett’s nod of approval in 2016 was followed up with subsequent purchases over the years. Everything was going great and Apple’s valuation hit the coveted $1 trillion mark in 2018. However, sentiment quickly reversed as investors and analysts started to question if peak Apple stock performance had passed.
Apple Inc (AAPL) Highest Price Compared to 3 Similar Stocks
This section compares the highest price of Apple Inc (AAPL) stock with 3 similar stocks. We used various criteria including best penny stocks under $1 for 2021 2021 market cap, sector and even share price per unit. Technology giant Alphabet (GOOGL), best known for its Google search engine, reached a closing high of $2,960.92 in October 2021.
Shares of Apple had fallen from above $230 in 2018 to below $150. Here is a summary of future iPhone launch dates through to 2014, the next important milestone in Apple shares history. This section compares the performance of Apple Inc (AAPL) stock against S&P 500, a broader market index. In addition to the highest price value, you will see sections that analyze various factors related to the price value and timeframe.
Cook also introduced new shareholder-friendly initiatives, including reintroducing a cash dividend in 2012 and committing to annual increases in 2016. Under Cook’s leadership some of the biggest names in investing found the stock attractive. Most notably, billionaire investor Warren Buffett and his Berkshire Hathaway bought a stake in Apple in the low $100s – an odd move for the savvy investor who historically shied away from tech investments.
Other large technology stocks were fairly flat, as shares of the world’s five other trillion-dollar tech companies moved less than 1% Tuesday. But the fanfare proved to be short-lived, as Apple shares slipped about 3% in later afternoon trading, closing below $180, a 0.8% loss for the day. Through that lens, Apple is doing very well based on its market cap, which ranks it among the world’s most valuable companies.
The stock price doesn’t always indicate a company’s quality. However, looking at the highest stock prices can be worthwhile both for investors and those interested in the stock market’s history. From chocolate candy makers to mining companies, the list of stocks that have reached such high share prices is diverse. Market capitalization, calculated by multiplying the stock price by the total number of outstanding shares, provides a better measure of a company’s total value in the eyes of investors.