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Apple closes at all-time high as rumors swirl

Image Credit: Apple

Update August 29: Apple stock hit an all-time-high again, closing at $102.50.

One hour ago, Apple’s stock price closed at a record high of $100.53 per share. That closing price beats Apple’s previous all-time high of $100.30 — adjusting for the company’s stock split in June.

Investors continue to elevate Apple as the rumor mill churns. And the rumors are grand.

Before the end of 2014, Apple is expected to launch an iWatch (or two), debut two brand-new iPhones, update its MacBook Pro line, and refresh the Apple TV. Of course, Apple was expected to launch an iWatch last year, too.

Screen Shot 2014-08-19 at 4.45.18 PM

As September fast approaches, watch for ground-breaking new Apple products. But if the month comes and goes without much more than an iterative iPhone update, don’t let us catch you looking surprised.

We started looking forward to the iTV way back in 2011. And at least one analyst already projects that the iWatch won’t launch until 2015.


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22 comments
Mark Mifsud
Mark Mifsud

Apple stock getting high is of little importance. It's just caused by speculation about near future launches. Let's wait and see how reality checks up. If those launches however, present a Tim Cook with zero ideas at a keynote with forced enthusiasm (again), that number will fall like a rock. The next iPhone and Mac Book Pro may be interesting but personally I think smart watches are useless toys and a temporary stupid fad, Apple shouldn't get into (or anyone else). Apple TV is another bomb in the making. It will cost as much as PS4 or Xbox One but won't be as fun.

Andrew Rubin
Andrew Rubin

Richard Rubin Jeffrey Rubin your no warren buffets

Leo Nguyen
Leo Nguyen

Yet $AAPL is still cheap at just 16 P/E compared to 18 P/E of S&P500.

Gary Hughes
Gary Hughes

this isn't right, it was way higher before, like 400 per share, wtf, have i entered the twilight zone, used to have shares in apple, am i being punked?

Mike Shain
Mike Shain

ok, so thanks, now isn't the time to buy apple stock.

John Morelli
John Morelli

Looks like the hedge fund hotel, AKA AAPL, is back.

Adam Leon
Adam Leon

Tim Leon David Michael Andrew Dertinger Michael Leon

MartinSFP
MartinSFP

@HarrisonWeber why do rumors always swirl? I'm up for some churning, swooshing or pirouetting rumors.

HarrisonWeber
HarrisonWeber

@MartinSFP honestly, i was really disappointed by my choice of swirl, but wanted to just get it out