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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.
Gaining Momentum
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.
7 Best Stocks for the Next 30 Days – Get them now
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.
Stock Performance
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.
To find out more about IRAs, view our sections on How Does An IRA Work? and IRA Rules.
What kind of question is that?! Of course it will!
Seriously. It’s at $464, and Apple just reported by far their best quarter even. It’s a big mystery if it will hit $500? That’s just silly. Will the sun rise tomorrow? Read on to find out… You should be asking will it hit $1,000 a share.
What a lousy question. Sorry but this post is juvenile. The bigger question is why isn’t it $500 already?
$500 is just 8% more on the $464 price the stock carrys today. Maybe there will be a correction first. but I think it could reach $500 by year end. Apples real challenge is if it can come up with new and innovative new gadgets that will transform what is already on the market into something simple but extraorinary. We still miss an Apple camera that can project an photograph onto a wall. We still miss a big ipad or itablet.
Its coming soon, $500.00. LOLLLLLLLLLLLLL
If you bought 1000 Apple shares back in 1997 for $4.00, it would be worth $464,000 at today’s price thus your profit would be $460,000 not $100,000.
Didn’t you ask someone to check your math before posting your article?
Thank you all for the comments. With Apple’s current market momentum, I generally agree with those of you who believe a $500 per share price is right around the corner. Perhaps a title of “$500 per share by ‘x’-date?” would have resulted in more analysis. In my opinion the article brings up some interesting points regardless of how quickly we believe the share price will hit $500 or higher.
To Aydin, the math within the article is correct. In your example, you cite “1,000 Apple shares.” However, the article mentions “$1,000 of Apple stock,” which makes the “more than $100,000 in profit” statement accurate.
-David
Yes, I think any price prediction should be an accompanied by a date (at least a rough one), that would make it a lot more relevant. Now if you say will it reach $500 by March, or will it reach $500 by 2014, those are two very different questions, but ones which you can at least logically try to analyze.
already hit 500…
David is correct. If you buy $1000 worth of stock at $4 a share, you get 250 shares. The price then $464 per share times the 250 shares gives you a total of $116000 minus the initial $1000 investment leaves you with a $115000 profit. Nice article David. Check your math before you criticize Aydin.