Prior to two stock splits and the post 2000 tech collapse, Qualcomm reached even higher levels than Apples current price, closing 1999 at over $650 a share.
Apple has been looking rather crappy the past couple of weeks for nearly no reason at all except maybe a couple of unsubstantiated rumors.
The stakes are modest compared to Apple’s multi billion dollar universe, but the case was announced on April 11, day two of Apple’s current five day share price drop.
The dividend offering was supposed to help Apple in boosting share price and stability, but that also hasn’t happened.
Many of these companies split their stock and all of them saw significant share price erosion as tech stocks crashed from the peaks.
We only expect Apple to do well, if not spectacularly and we’re not paying heed to those ridiculously high share prices that are always being thrown about.
The latest bogey nailed was pushing the stock price above the per share price of Google earlier this month on April 5, when GOOG closed at $632.32 and AAPL close with a final tick of $633.68.
We gave up on checking on Apple on a daily basis because its movement never made much sense to us nor does all the fanfare surrounding the stock.
Ciaran Song is a business journalist based in Seoul, Korea. Ciaran has a passion for financial markets and breaking news stories and loves writing about business news, stock market, and economic opinions that matters most to its audience. Ciaran spends a lot of time discovering and researching latest financial markets and industry news stories in order to make sure the latest and greatest stories are brought to you first on BigBoardNews.com.