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  • Apple Stock Continues to Increase Despite Analyst Predictions


    Apple’s stock continues its upward trend with the current price increasing by 5.83% since last week’s unveiling of the new iPad. The current price shocks many stock advisors who thought that the release would provide a good opportunity to sell. The Cupertino California company closed at $568.10 per share, which is currently a new all-time high, just 8 cents below the 52 week high set during the trading day.

    The new value set the company’s market cap at $528.68 billion, which is less than a half billion less than the annual American military budget, but over $120 billion higher than Exxon Mobil, which had been neck and neck with Apple in market cap over the past two quarters. The company’s market cap (which is the value of all outstanding shares in the company) is now greater than the market cap of Google, HP, Microsoft, and RIM combined.

    While the company’s stock has already gone up by 46.11% for the year, it seems to be up nearly another 6% since the since the iPad event last Wednesday. This was previously a time pinpointed by a variety of advisors as a good opportunity to sell. Many pundits’ described stock prices to drop around new product introductions. The company’s stock nearly fell 10% after the release of the iPad 2 last spring but since then, it has climbed nearly 54% over the past year and hasn’t seen that drop with the release of the new iPad.

    Source: Daily Finance. Google Finance
    This article was originally published in forum thread: Apple Stock Continues to Increase Despite Analyst Predictions started by Akshay Masand View original post
    Comments 9 Comments
    1. Norb's Avatar
      Norb -
      Ahh so it's the analysts that are ******* with my stock prices by scaring people to sell them off.
    1. firetwuck's Avatar
      firetwuck -
      Quote Originally Posted by Norb View Post
      Ahh so it's the analysts that are ******* with my stock prices by scaring people to sell them off.
      Analysts and economists are fortune tellers. They say **** with about 10% fact hoping someone will believe them and their guessing game.
    1. KraXik's Avatar
      KraXik -
      Quote Originally Posted by firetwuck View Post
      Analysts and economists are fortune tellers. They say **** with about 10% fact hoping someone will believe them and their guessing game.
      Agree. If they were any good at their job they would have made millions and be sat on a beach in the med by now!
    1. Carvensno's Avatar
      Carvensno -
      Wish i had the money to invest when it was like in the 300 range last year and let the div role over to buy new stock :P
    1. idkanymore's Avatar
      idkanymore -
      I'm investing my life savings!

      Yeah!
    1. VerizonIphone4_help's Avatar
      VerizonIphone4_help -
      well today it just shot up another almost $21 sooo ya
    1. GooseG's Avatar
      GooseG -
      What retard would guess that APPL would go DOWN???!!! They just released the new iPad for pre-orders, what do you think is gonna happen?
    1. VerizonIphone4_help's Avatar
      VerizonIphone4_help -
      Quote Originally Posted by GooseG View Post
      What retard would guess that APPL would go DOWN???!!! They just released the new iPad for pre-orders, what do you think is gonna happen?
      well historically right before and on launch day the stock drops quite a bit. this year was the same with prices dropping $25 about. Then they shot up again like they have done the last 4 launchs. I only dropped 10k into and i'm kicking myself for not pulling more into it.
    1. Norb's Avatar
      Norb -
      Quote Originally Posted by GooseG View Post
      What retard would guess that APPL would go DOWN???!!! They just released the new iPad for pre-orders, what do you think is gonna happen?
      But obviously the pre-orders sold out so that's a bad sign, and then people are already starting to camp out so you know only homeless people are interested in it. Just doesn't look good for Apple here on out... That or these as$holes bought up as much stock as they could when it dropped because of their predictions.