+ Reply
Results 1 to 11 of 11

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.


Thread: Apple Market Cap Blows Past $300 Billion

is a discussion within the

Mac News

forums, a part of the

General Apple/Mac

section;
On Tuesday morning, Apple was trading up yet again, with shares of the tech company remaining buoyed above $330. It's a positive start to the first trading session after Monday's
...
  1. #1
    MMi Staff Writer Michael Essany's Avatar
    Join Date
    Aug 2009
    Location
    Valparaiso, Indiana
    Posts
    3,615
    Thanks
    17
    Thanked 1,474 Times in 561 Posts

    Default Apple Market Cap Blows Past $300 Billion



    On Tuesday morning, Apple was trading up yet again, with shares of the tech company remaining buoyed above $330. It's a positive start to the first trading session after Monday's significant but somewhat overlooked milestone for the Cupertino outfit. During the first full trading day of 2011, shares of Apple popped 2% and effectively pushed Apple's market capitalization beyond the $300 billion threshold for the first time in Apple's history.

    Incredibly, it was just over three years ago when Apple's market capitalization exceeded $100 billion. Not a bad 36 month-run. Still, Apple surprised few with the milestone given one record quarter after the next. Apple does, however, remain approximately $70 billion behind Exxon Mobil Corporation's market cap, which as of Monday, exceeded $375 billion. For the time being, it doesn't appear that Apple will soon overtake Exxon. By the same token, of course, no one is poised to take the second spot either - a position held by Apple since it replaced PetroChina Co. in September.

    Coinciding with the record year Apple is already off to, Piper Jaffray analyst Gene Munster stated once again this week that his 12-month price target for Apple remains at $438 per share - a full $100 higher than the stock's current value. As we covered Monday, Munster predicted that Apple will not venture into any new product categories in 2011 and, instead, focus on tweaking and improving its current product line throughout the next twelve months.

    Forbes
    Last edited by StealthBravo; 01-04-2011 at 08:45 AM.

  2. #2
    Retired Moderator StealthBravo's Avatar
    Join Date
    Jan 2008
    Location
    TX  Follow me @StealthBravo
    Posts
    32,478
    Thanks
    44
    Thanked 5,328 Times in 3,113 Posts

    Those are some incredible numbers.

  3. #3
    iPhone? More like MyPhone madczech's Avatar
    Join Date
    Dec 2007
    Location
    Zürich
    Posts
    259
    Thanks
    21
    Thanked 53 Times in 42 Posts

    just crazy... Who thought that 10 years ago?
    I don't give a damn about Chuck Norris, Spongebob can grill under water!


  4. #4
    My iPhone is a Part of Me delusion950's Avatar
    Join Date
    Aug 2008
    Location
    The Patriots Area
    Posts
    796
    Thanks
    56
    Thanked 75 Times in 60 Posts

    Indeed crazy numbers.

  5. #5
    Super Moderator Cowboy's Avatar
    Join Date
    Apr 2009
    Location
    Owasso,OK
    Posts
    30,665
    Thanks
    1,048
    Thanked 3,865 Times in 2,205 Posts

    Makes me kick myself for not buying apple stock 10 years ago. I can barely even afford a share now. Lol

    Those numbers are just absolutely amazing tho.
    Follow me @LoganWesterman

    Need Your iPhone Unlock Click HERE or Here
    Needs Your iPhone Fixed Pm Me!
    Have a question about Jailbreaking Pm Simon, Annie, Or just about any other member on here

  6. #6
    iPhoneaholic
    Join Date
    Nov 2009
    Posts
    444
    Thanks
    13
    Thanked 54 Times in 48 Posts

    so market cap triples in the worst economy since the great depression?
    unreal lol. I guess people really need their apple products (me included)

  7. #7
    iPhone? More like MyPhone
    Join Date
    Jul 2010
    Posts
    168
    Thanks
    7
    Thanked 28 Times in 24 Posts

    That just shows you as bad as the economy gets, people will find the money to buy what they want. Just think, how much do these credit card companies love apple? I'm sure a good chuck of that money is from financially careless people that used credit cards to get cool new products. How much interest will capital one make off a MacBook pro buyer paying minimum payment forever?

  8. #8
    Super Sweet Moderator thetoothfairy's Avatar
    Join Date
    Aug 2007
    Location
    In Michigan And Florida
    Posts
    6,523
    Thanks
    3,595
    Thanked 999 Times in 563 Posts

    Boy could I kick myself in the butt for not buying into Apples stocks when they were even 89.00 a share...

    "Always remember your special and unique!"

  9. #9
    iPhone? More like MyPhone
    Join Date
    Aug 2007
    Posts
    216
    Thanks
    0
    Thanked 13 Times in 10 Posts

    Quote Originally Posted by madczech View Post
    just crazy... Who thought that 10 years ago?
    sure as hell wish i did.

  10. #10
    Livin the iPhone Life
    Join Date
    Sep 2007
    Location
    Ireland
    Posts
    1,434
    Thanks
    41
    Thanked 185 Times in 145 Posts

    My Dad kicks himself every time he sees Apple share prices! He left the company about 6 months before the iPod was announced and cashed in all his shares, which were about $25 at the time

  11. #11
    My iPhone is a Part of Me EskimoRuler's Avatar
    Join Date
    Dec 2007
    Location
    California
    Posts
    835
    Thanks
    14
    Thanked 48 Times in 44 Posts

    that is just insane, im sure the new ipad will help out this year, and if the very very "rumored" verizon iphone comes out too, they'll catch up soon
    You don't like the iPad because you don't have one!

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts