Apple (NASDAQ:AAPL) Hits All Time High, Then Dips

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One of the most famous companies on the planet is Apple. Through their products, Apple has been able to revolutionize the way we live our lives. Through Apple, the smart phone exploded in popularity, while Apple also changed the world of music forever with the iPod. Recently, Apple released the iPad and their stock increased once again. Has Apple reached its high and is a dip coming? Time will tell.

Aapl Among Most Successful

It can be argued that Apple is one of the most important companies of the 20^th and 21^st centuries. It was Apple who essentially created the personal computer as we know it, and while the company hit rough times in the late-1980s and early-1990s, it came back in full force in the late-1990s and continues to gain steam. Two big reasons for the immense growth of Apple have been the iPod and the iPhone. The iPod dominates the portable music sector with millions of devices sold, while the iPhone, released three years ago, and has sold over 50 million units across the planet. Apple continues to lead the way in technology with its iPad, as well as its iTunes, App Store and more. It is a true revolutionary in terms of business and that has helped the business to continue to rise up ahead of competitors.

Aapl Shares Hit All Time High

Last week, Apple’s shares (NASDAQ: AAPL) hit an all-time high with $271.88. That is good news for Apple who once traded their stocks much lower than that. However, Apple recently took a hit, dropping by three percent in value, because of the purchase of Palm by HP. This is HP’s push to get into the smart phone market that Blackberry and Apple dominate. With a drop to $262.98, Apple is still trading very high but many worry about the increased competition in core markets for Apple. This has some investors worrying but most are still very confident in Apple, which had a record quarter that was far above the estimations of Wall Street investors.

Apple is a leader in business and where Apple goes, many other companies begin to follow. Will Apple continue to dominate the coming years? Or will their stock fall? Well, after posting their highest ever price for Apple stocks last week, the company continues to ride high. Yes, there has been a dip but once the impact of HP’s purchase of Palm dissipates, Apple will once again rise up.

Further Reading

Future of Smart Phone Industry: is iPhone going to Dominate the world

Which companies will come out strong