Shares for Apple Inc. (NASDAQ:AAPL) reached another all-time intraday trading high on Monday, selling for as much as $464.54 while many investors and analysts wonder how long it will be before the stock’s market value eclipses $500 per share.
Two weeks ago, IRA.com reported Apple Inc.’s Earnings Homerun which informed our readers that Apple had achieved record quarterly revenue and earnings for the First Quarter of Fiscal Year 2012. The numbers were outstanding, with Apple reporting $46.33 billion in sales with an Earnings Per Share of $13.87 for one quarter alone.
Even with Apple’s stock positioned at an all-time high, there still appears to bit quite a bit of momentum for shares to rise throughout the 2012 calendar year. Our iPad 3 Preview Article published less than a month ago showed just how anxious many Americans are about next month’s iPad 3 commercial release.
An enormous amount of websites have been providing the latest iPad 3 news, rumors and specs as readers worldwide take to Google search engines to find out the most recent details regarding the iconic tablet computer. The company which brought the world the once-popular iPods along with today’s leading smartphone device the iPhone, could be well on its way to more prosperity as it appears to have a stranglehold on the mobile device and tablet computer markets with plenty of new products in the making.
Even as this article is being written late Monday morning, shares for Apple Inc. continue to out-do their previous all-time record highs. Few could have imagined the stock’s meteoric rise since the mid-1980s when its Apple iie computer boasted Basic programming and floppy discs that made more noise than some small vehicle engines.
Looking at the Apple’s all-time stock chart, we can see that shares have skyrocketed since their 1997 levels of under $4.00 per share. For example, if an investor had purchased $1,000 of Apple stock back in 1997, he/she would now be holding more than $100,000 in profit on that original asset placement. In 15 years the company has managed to not only stay in the financial mainstream, but has weathered a number of corporate and personal tragedies including the 2011 passing of Co-Founder Steve Jobs.
Below are the all-time and intraday trading stock charts for Apple Inc.
What About iTV?
With all the major market hoopla about iPad 3, many may have forgotten about Steve Jobs’ last project – iTV. According to a November 2011 article published by the Washington Post, Apple’s iTV could “transform home entertainment.”
The product is scheduled to be released in June of this year, and will come fully-featured with its own content that will directly compete with online video streaming services such as Netflix as well as cable providers. If the final iTV product is able to lure loyal Netflix subscribers away while putting another dent into the Cablevision market, shares for Apple Inc. could be headed for yet another surge. Indeed, the proverbial sky appears to be the limit for Apple if it continues to maintain its edge on mobile device competitors BlackBerry and Android while at the same time innovating the tablet computer and TV viewing markets.
Apple Inc. and Your IRA
If you’ve had Apple Inc. stock as part of your investment portfolio over the years, you are well aware of the company’s year-by-year performance. Thanks to the tools available here at IRA.com, retirement investing has never been easier.
It only takes a few minutes to Open an IRA through us and you can also use the following link to Find an Advisor in your area to assist you with making the best decisions possible when it comes to your assets.