• Your favorite

    Apple

    ,

    iPhone

    ,

    iPad

    ,

    iOS

    ,
    Jailbreak
    , and
    Cydia
    site.
  • Apple Briefly Tops $600 Billion Market Cap


    For a few fleeting moments Tuesday morning, Apple briefly enjoyed a market cap in excess of $600 billion. Then, Wall Street took a tumble, dragging down a multitude of stocks - including APPL.

    But don't fret if you blinked and missed Apple's latest milestone. If AAPL doesn't close at or above $643.53 today, it likely will soon. At this level, Apple has a market cap of $600 billion.

    Apple is only the second company in the history of the world to boast of that achievement. Microsoft was first in 1999.

    All told, it's been a stellar year for Apple. So far for 2012, Apple shares are up 57%. They're also up well over 90% from just twelve months ago. As recently as February 28, Apple enjoyed a market cap of a "measly" $500 billion.

    Should Apple report another better-than-expected quarter of earnings later this month, AAPL's momentum will likely continue. The latest buzz on Wall Street is that Apple's market cap will top $1 trillion (or $1,000 per share) before the stock finally cools or levels off.

    Source: MarketWatch
    This article was originally published in forum thread: Apple Briefly Tops $600 Billion Market Cap started by Michael Essany View original post
    Comments 8 Comments
    1. ericwall's Avatar
      ericwall -
      Holy crap!
    1. bry2k2's Avatar
      bry2k2 -
      Just waiting for the day when judges will order Apple to break up into smaller companies as they ordered Microsoft to do so back in 2000, an overwhelmingly huge giant is bad for business.
    1. kddo14's Avatar
      kddo14 -
      Quote Originally Posted by bry2k2 View Post
      Just waiting for the day when judges will order Apple to break up into smaller companies as they ordered Microsoft to do so back in 2000, an overwhelmingly huge giant is bad for business.
      unless its too huge to fail
    1. TheDirtyDiddler's Avatar
      TheDirtyDiddler -
      Wait until the next iPhone. This will be their biggest year, hands down.
    1. H4CK3R's Avatar
      H4CK3R -
      $600 billion... More than I'll make in a lifetime.
    1. steve-z17's Avatar
      steve-z17 -
      $600 Billion? That's nothing! I could start a company today and have it be well above $600 Billion in the next two years!! Apple's had how many years now?? Weak sauce!
    1. H4CK3R's Avatar
      H4CK3R -
      ... $600 billion can do you lots of things lol. Market analysts already said they'll be the first trillion dollar company...
    1. prozac4312's Avatar
      prozac4312 -
      Aapl*