Update On Apple's Stock Price
5/19/2015 Update - Apple's stock price is trading around $130 just three weeks away from WWDC where investors hope some good things will be announced. A new Apple TV set top box with streaming content partners is rumored to be the big reveal of the event. The new Beats music service may also make its debut.
Yesterday the Wall Street Journal put out a story that a big screen HD Apple TV will not make it to market as the company has decided not to get into that business which Samsung dominates at low margins. Also happening yesterday was a letter from Carl Icahn to Tim Cook detailing why he thinks Apple's stock price should be $240 and that Apple should continue to aggressively buy back shares at these "depressed" levels.
China will soon be a bigger market for Apple than the United States and the fact that the Chinese love Apple products bodes very well for increasing future sales. Worldwide iPhone sales continue to soar and Mac sales are going up as the rest of the PC market goes down. Apple Watch sales were not discussed during the earnings call but Tim Cook said he was very pleased with the positive responses and that supply will not catch up to demand until at least late June. The Apple Watch has generally gotten good reviews from early adopters.
Apple also announced they are upping their stock buyback program by an additional $50 billion and raising the dividend 11% to .52 per share which will be paid quarterly to investors. All these things are contributing to Apple stock price which now sits comfortably above $130.
The new MacBook is now in stores and available to purchase. Reviews of the laptop are generally glowing but some are having trouble understanding why there is only one external port. The price of the machine also seems high but that is standard for a brand new product like the MacBook from Apple.
Other news involves a strong rumor that Apple will come out with a new TV box sometime later in the year which offers cord cutters a "light" version of cable. $30 to $40 dollars will get you ESPN as well as 25 to 30 other channels but details are largely unknown at this point.
Apple Pay continues to see wide adoption and has had a positive response from all parties on both sides of the transaction. No specific numbers were given for how much revenue Apple Pay brought in.
Are You Thinking About Buying Apple Stock?
Apple gets more press coverage than any company in the world. No matter where you look, you will find opinions of how the company is doing and whether their stock is a buy or sell.
The stock recently split and now sells for about $124 which means the price is more accessible to many individual investors. People who never could afford to buy the stock when it was priced $500 to $700 may now be able and more willing to add it to their portfolio.
Anyone thinking of buying Apple stock needs to be aware that a strong stomach is sometimes needed. Even though they are very strong financially as a company and have one of the most well known brands in the world, the stock seems to go through wild gyrations at times.
sombermalpracti35 Community Member 
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