This section compares the performance of Apple Inc (AAPL) stock against S&P 500, a broader market index. Its brands include well-known https://www.broker-review.org/ Russell Stover, Lindt, and Ghirardelli. The company employs over 14,000 people and had sales of more than CHF 5.2 billion in 2023.
Apple’s (AAPL) Highest Stock Price: $197.59 (on 12-14-
During Friday’s trading on the US Nasdaq stock exchange, the stock traded at a high of $331.75, which is the highest listing to date in the company’s 44-year history. There’s no way to know if this would happen in the event of another Apple stock split. However, an Apple stock split itself may indicate that the company’s products and services, and its stock, have performed well enough to warrant the decision for a split by Apple. In late July 2023, Apple hit its highest market cap of $3.1 trillion.
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Apple products are ubiquitous, and the company has been around long enough that people trust its staying power. Apple stock has grown in recent years, even as revenue has been nearly flat. The company has managed to grow earnings per share by expanding margin through growth in its higher-margin services segment and by buying back stock. Apple’s products segment reported a gross profit margin of 34.3% at the same time. Several companies with as robust a services segment as Apple’s are envious of its ability to sell products at such high gross-profit margins — just ask Roku. Furthermore, Apple generates healthy profits from its sales of products and services.
Apple’s products are a gateway to the ecosystem
By contrast, market-watchers said London-listed companies, which include lockdown-hit oil companies and banks, have performed sluggishly compared to the runaway share prices of big US-listed tech firms. Stock price is an indicator of a company’s market value, but the price of a share of stock will also depend on the number of shares outstanding. The reason why certain stocks are priced so high is usually due to the company having never or rarely having completed a stock split. Even though stock splits add no new capital to a company and create no change in value for current investors, they can sometimes result in positive, short-term upward price action. A star performer through much of its recent history, Apple’s stock hit new all-time highs toward the end of 2021.
March iPhone discounts in China may have saved Apple’s quarter
Assuming its current revenue growth rate of 21%, Palantir could hit this benchmark by early 2028. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. 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.
The move is expected to make it easier for individuals to invest. Apple shares fell back on Wednesday, but remained ahead of the London index at the close of trading on Wednesday. This means that Apple’s market capitalisation is now up to a staggering $2.334 billion, which is by far the highest value that any company has achieved. Despite the Monday decline, shares of the Silicon Valley behemoth are still up some 44% in 2023, erasing its 27% slide last year and captaining tech’s broader rebound year-to-date. 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. By just about any measure, a $3 trillion valuation is striking.
That represented more than half of overall revenue of $123.49 billion. The stock market reflects all known information about companies, according to the efficient market hypothesis. It processes and assimilates new data rapidly through the mechanism of buying and selling.
And large-cap companies have a market cap of $10 billion or more. The stratospheric share price is a good sign for investors ahead of Apple’s quarterly results, which is set to be revealed on October 30. The call should cover key performance metrics for the quarter, including early launch month results for the iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max. Technology giant Alphabet (GOOGL), best known for its Google search engine, reached a closing high of $2,960.92 in October 2021. The company’s shares have since split, and the stock closed at $163.86 on May 1, 2024. Despite these uncertainties, Apple has several catalysts in its pipeline which should provide investors some confidence.
Apple also paid App Store developers more than $60 billion, an all-time high that demonstrates the importance of this segment to increasing revenue and stock price. The services segment constantly evolves to keep up with user demand. So, perhaps its overall sales rather than any particular release is most important to share pricing.
It also had a market capitalization approaching a record $3 trillion. This section compares the highest price of Apple Inc (AAPL) stock with 3 similar stocks. We used various criteria including market cap, sector and even share price per unit.
- In the first quarter, its U.S. commercial segment grew 40% year over year, while its customer count surged 69%.
- Apple’s entrance to the metaverse looks even more likely as a new Bloomberg report suggests that the company hired Meta Platforms’ (META -1.54%) augmented reality communications lead.
- Berkshire is also a major shareholder of Apple (AAPL), Bank of America (BAC), and Coca-Cola (KO).
The company’s stock trades on the Nasdaq under the ticker symbol AAPL. As of Jan. 31, 2022, Apple had a market capitalization of nearly $3 trillion, closing the trading day at $174.78. The release of an innovative, revenue-driving product or service is one of the few ways a company can influence its stock’s valuation.
Analysts estimated that the company would sell over 3 million watches—roughly the same number of iPads it sold in the first three months when it was launched. It’s estimated that the Apple Watch made up 75% of all smartwatch shipments within its first few months. Sales for the segment were $8 billion in just the third quarter of 2022. This category’s direct relationship with the services segment, illustrated by the Apple Fitness correlation with the Apple Watch, is likely to continue to be a major driver for Apple’s growth. On the first day of trading following its sale, Apple’s stock rose slightly more than 1%. Apple held a market share in the tablet arena of 38% as of Q4 2021.
Apple has regained its third-place position in the annual Fortune 500 rankings of the largest companies in the United States by revenue. Apple shares have risen dramatically during the tenure of CEO Tim Cook. This website is using a security service to protect itself from online attacks. The action questrade review you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism.
This would be roughly 0.1% of Apple’s nearly $400 billion in revenue last year. There are many ways to evaluate a stock in addition to its absolute share price. Here, we take a look at some of the largest companies in the U.S. and abroad. Apple’s value is even more remarkable considering how rapid its recent ascent has been. In August 2018, Apple became the first American company ever to be worth $1 trillion, an achievement that took 42 years.
