• Apple’s Valuation Soars to All-Time Highs

    Two short years ago, Apple's stock was just nearing record all-time highs -- momentum that would soon erode causing shares of AAPL to plunge into the coming months as investors grew weary of new CEO Tim Cook's apparent wait-and-see approach to releasing innovative new products.

    But on the precipice of Apple's iPhone 6 launch, the company can now reflect on an impressive turnaround on Wall Street.

    "Apple's stock had fallen to a split-adjusted $55.01 in April 2013 to wipe out about $300 billion in shareholder wealth amid worries that the Cupertino, California, company had run out of ideas without Jobs as its mastermind," the AP reported today.

    In that same report, however, Apple is credited today with seeing its company's valuable achieve a new all-time high. Now trading north of $100, Apple has effectively retraced its losing steps and is perched for bigger gains as 2014 heads into the home stretch.

    And if you're thinking this is just the latest high before another crash, let it be known that some of Wall Street's biggest investors (granted, those with close financial ties to Apple) would argue the opposite. Just yesterday, billionaire Carl Icahn tweeted that his investment in Apple remains a "no-brainer," adding that "All my chips are still on the table."

    Source: AP
    This article was originally published in forum thread: Apple’s Valuation Soars to All-Time Highs started by Michael Essany View original post
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