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04-10-2012, 10:36 AM #1
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.
04-10-2012, 10:40 AM #2
04-10-2012, 12:03 PM #3
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.
04-10-2012, 01:14 PM #4
04-10-2012, 02:31 PM #5
Wait until the next iPhone. This will be their biggest year, hands down.
04-10-2012, 02:34 PM #6
$600 billion... More than I'll make in a lifetime.
04-10-2012, 02:58 PM #7
$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!
04-10-2012, 03:43 PM #8
... $600 billion can do you lots of things lol. Market analysts already said they'll be the first trillion dollar company...
04-10-2012, 04:08 PM #9