By doing so, investors can allow innovative companies like Apple to provide them with solid returns. If Apple never split its stock, a single share would have been worth around $1,800 as of 2021. 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.
A personal digital assistant, it was a shadow of the iPad, which contained all the functionality of the iPod Touch on a much larger screen with a faster processor. For example, the 2003 release of the iTunes Store and a Windows-compatible version made the iPod a viable option for Windows users. By the end of 2004, Apple had sold over 10 million iPods.
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. The milestone comes just one day after Apple’s stock recorded its highest closing price ever of $133.29 on Monday. Following Apple’s first annual revenue decline since 2001, its stock been steadily rising over the past four months, buoyed by record-breaking earnings results at the end of January.
Product Releases and Apple Stock
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 company has proven over a long period that it can stay at the forefront of innovation and generate the earnings growth sought after by stock investors. Despite its sensitivity to economic growth slowdowns and interest-rate fluctuations, it is largely viewed as a safe investment within the tech sector. Apple products are ubiquitous, and the company has been around long enough that people trust its staying power.
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.
Apple shares traded as low as $0.04 per share in July of 1982. Apple’s stock reached an all-time, split-adjusted high of $182.94 in January of 2022. 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.
Apple Releases iOS 17.4 and iPadOS 17.4 With EU App Changes, New Emoji, Podcast Transcripts and More
The record-breaking prices of the top 10 stocks of all time underscore not only the remarkable growth of these companies but also signal broader economic trends. Such valuations reflect robust business models and market power, but often also the happenstance that some companies allowed their shares to rise very high before splitting their stocks. A star performer through much of its recent history, Apple’s stock hit new all-time highs toward the end of 2021. 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.
For individuals interested in investing in Berkshire, the company’s B shares (BRK.B) are much more affordable, coming in at $407.15 per share as of Feb. 20, 2024. Netcials reports section helps you with deep insights into the performance of various assets over the years. We are constantly upgrading and updating our reports section. If you find data inaccuracies kindly let us know using the contact form so that we can act promptly. The Apple Watch is by far one of the biggest attractions. The first version of the watch was launched in April 2015.
On Dec. 30, 2021, the company’s stock closed at an all-time high of CHF 123,433 (about $140,083 in U.S. dollars as of Feb. 21, 2024). Preview coming at WWDC in June with public release in September. AAPL is up over 50% compared to its 52-week low of $89.47 in May 2016.
Quite amazing, these two being founded by two amazing workhorses and frenemies of the modern tech era, Jobs and Gates. Based in South Wales, Malcolm Owen has written about tech since 2012, and previously wrote for Electronista and MacNN. In his downtime, he pursues photography, has an interest in magic tricks, and is bothered by his c… Its brands include well-known Russell Stover, Lindt, and Ghirardelli. The company employs over 14,000 employees and had sales of more than CHF 5.2 billion for 2023.
- Seaboard Corporation (SEB) is a multinational corporation focusing on agriculture and transportation.
- This category is designed to help users stay productive, entertained, and connected through tablets, smartphones, and personal computers.
- And large-cap companies have a market cap of $10 billion or more.
- 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.
- We are constantly upgrading and updating our reports section.
Apple’s market cap is high because its stock price is high. And with approximately 15.5 billion shares outstanding, a high Apple share price equates to a massive market cap. Market cap is determined by multiplying the value of a company’s share https://www.forex-world.net/ 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. It’s important to note some key points about Apple’s stock history.
Stock Price vs. Market Capitalization
This concludes the analysis of the highest price of Apple Inc (AAPL). There are plenty of websites that display the highest prices for the sake of information. But the above report contained additional analysis sections. https://www.dowjonesanalysis.com/ Hopefully, the above report educated you better by various insightful sections. Let us see what would have happened to a $5000 invested before 1 week, 1 month and 1 year before the highest close price date.
Outstanding shares can be owned by employees and board members — just not the actual corporation. The release of an innovative, revenue-driving product or service is one of the few ways a company can influence its stock’s valuation. Apple’s financial performance, including the ascendance of its share price, relies heavily on product sales. However its product releases initially haven’t always pushed share price higher.
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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. Publicly traded companies https://www.forexbox.info/ are generally categorized into small-cap, mid-cap, and large-cap. A small-cap company has a market cap of $3 billion or less. Midcap companies have a market capitalization value between $3-10 billion.