+ Reply
Results 1 to 16 of 16

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


Thread: Apple Achieves Historic Market Cap on Monday

is a discussion within the

Mac News

forums, a part of the

General Apple/Mac

section;
On Friday, shares of Apple soared to reach and close at a new record all-time high of $648. But the record would only have the weekend to survive as Monday
...
  1. #1
    MMi Staff Writer Michael Essany's Avatar
    Join Date
    Aug 2009
    Location
    Valparaiso, Indiana
    Posts
    3,672
    Thanks
    17
    Thanked 1,475 Times in 562 Posts

    Default Apple Achieves Historic Market Cap on Monday


    On Friday, shares of Apple soared to reach and close at a new record all-time high of $648. But the record would only have the weekend to survive as Monday brought with it two astonishing new feats for the prominent Mac maker.

    This afternoon, shares of AAPL once again zoomed to the upside, touching a new record high of better than $664. In the process, Apple also reached a new market cap threshold never before seen in the long history of global business.

    As of this writing, Apple is not only just the world's most profitable company today... it's also the most profitable company in history. This morning, Apple's market cap reached $621 billion. Before today, the highest market cap ever reached was by Microsoft back in 1999 when the computer software giant's market cap reached $618.9 billion.

    Shares of Apple are projected to keep on climbing through the remainder of 2012 as the company is poised to release several new and refreshed products that will all but certainly be huge sellers during the 2012 holiday shopping season.

    Source: Apple

  2. #2
    MMi Staff Writer Anthony Bouchard's Avatar
    Join Date
    Sep 2011
    Location
    Florida
    Posts
    6,813
    Thanks
    198
    Thanked 983 Times in 724 Posts

    A fine achievement.

  3. #3
    iPhone? More like MyPhone Breezy215's Avatar
    Join Date
    Nov 2007
    Posts
    244
    Thanks
    1
    Thanked 8 Times in 7 Posts

    Nice.

  4. #4
    Green Apple
    Join Date
    Jul 2011
    Posts
    64
    Thanks
    0
    Thanked 1 Time in 1 Post
    what goes up must come down.

  5. #5
    Green Apple
    Join Date
    Jun 2009
    Posts
    62
    Thanks
    7
    Thanked 2 Times in 2 Posts

    Man I should have bought more than two stocks a few weeks ago. Of course I am new to having the ability to purchase individual stocks as all previous employers I have had confined investment choices to only mutual funds.

    Should I buy more?

  6. #6
    My iPhone is a Part of Me
    Join Date
    Nov 2009
    Posts
    530
    Thanks
    33
    Thanked 37 Times in 32 Posts

    Quote Originally Posted by bencjedi View Post
    Man I should have bought more than two stocks a few weeks ago. Of course I am new to having the ability to purchase individual stocks as all previous employers I have had confined investment choices to only mutual funds.

    Should I buy more?
    I wish I bought stock in Apple about 10 years ago!

  7. #7
    iPhone? More like MyPhone
    Join Date
    Jun 2012
    Posts
    229
    Thanks
    0
    Thanked 25 Times in 15 Posts

    Exclamation hey
    Quote Originally Posted by Jarolin Vargas View Post
    what goes up must come down.
    seriously... i don't know why these apple hates even visit this site?

  8. #8
    Livin the iPhone Life KraXik's Avatar
    Join Date
    Mar 2011
    Location
    Winchester, UK
    Posts
    2,623
    Thanks
    2,670
    Thanked 1,754 Times in 891 Posts

    Most valuable inflation adjusted company though?!

  9. #9
    iPhone? More like MyPhone
    Join Date
    Nov 2010
    Posts
    129
    Thanks
    12
    Thanked 1 Time in 1 Post
    There is nothing good about a company this big BUT having said that, a huge achievement.

  10. #10
    ".plist master" Them3this's Avatar
    Join Date
    Mar 2011
    Location
    Pittsburgh
    Posts
    2,058
    Thanks
    638
    Thanked 2,624 Times in 1,027 Posts

    This is great. I don't remember people hating on Microsoft in 1999 for absolutely controlling the computer world. But once apple does people have **** to say. If you don't like apple you don't like them.

    But this is a huge achievement for ANY company. Especially the rival of the second biggest profitable company.

  11. #11
    iPhone? More like MyPhone Alluziion's Avatar
    Join Date
    Aug 2010
    Location
    Wales, UK.
    Posts
    113
    Thanks
    0
    Thanked 6 Times in 5 Posts

    Quote Originally Posted by KraXik View Post
    Most valuable inflation adjusted company though?!
    ^ This.

    Unfortunately for Apple, it's been thirteen years since Microsoft reached a record $618bn. Inflation on $600bn+ over thirteen years would position it much higher than Apple's current cap. Nevertheless, as long as they don't disappoint with the 6th gen iPhone, the iPad Mini and new HDTV venture - the company's value will continue to rise.

  12. #12
    What's Jailbreak?
    Join Date
    Jan 2009
    Posts
    10
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Quote Originally Posted by bencjedi View Post
    Man I should have bought more than two stocks a few weeks ago. Of course I am new to having the ability to purchase individual stocks as all previous employers I have had confined investment choices to only mutual funds.

    Should I buy more?
    I suggest you do buy more but id wait for a lull when the share price will drop again. youd still make money even if you bought them now at record levels as theres are a few products coming out (Mini iPad, Apple TV, new iPhone), but the stock usually drops a bit after a surge. Ive been keeping an eye on the stock since 2006 (Bought them @ $135) & that seems to be the trend. I also snapped up a few shares recently when they dropped to $550. I wouldnt be at all surprised if by this time next year stocks will be worth $1000 or more

  13. #13
    Livin the iPhone Life
    Join Date
    Sep 2007
    Location
    Ireland
    Posts
    1,436
    Thanks
    41
    Thanked 185 Times in 145 Posts

    Might want to edit this story.
    Apple fails to become the most valuable company - The Inquirer

    Petrochina still appears to be ahead of Apple, though is apparently partly State-Owned. Apple would be the most valuable 100% Public Company it seems.
    Regardless, this doesn't take inflation in account. I wouldn't consider Apple's current value to be eclipsing that of Microsoft from 1999. If you adjusted Microsoft 1999 figures, they would certainly still far out shine Apple.
    Microsofts earlier record is still more impressive for the time that it was.
    Last edited by feidhlim1986; 08-21-2012 at 05:27 AM.

  14. #14
    Livin the iPhone Life bigboyz's Avatar
    Join Date
    Feb 2009
    Location
    North East Coast
    Posts
    1,556
    Thanks
    2
    Thanked 176 Times in 126 Posts

    I wish i had the extra funds to invest at all..times are tough. Pennies are being pinched and its till hard. Good luck to all of you who can afford stocks..buy them up. Im sure the Apple will continue to rise.

  15. #15
    Green Apple
    Join Date
    Jun 2009
    Posts
    62
    Thanks
    7
    Thanked 2 Times in 2 Posts

    Figures I bought 8 more and then 30 minutes later the stock dropped. The only reason I am able to buy any is that I recently parted with my former employer and got a rollover IRA. At Fidelity you can setup a brokerage type of rollover account and be able to purchase individual stock (or mutual funds). I'm not used to this level of control in all the places I've worked the last 2 decades. So onward Apple!

  16. #16
    What's Jailbreak?
    Join Date
    Jan 2009
    Posts
    10
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Quote Originally Posted by bencjedi View Post
    Figures I bought 8 more and then 30 minutes later the stock dropped. The only reason I am able to buy any is that I recently parted with my former employer and got a rollover IRA. At Fidelity you can setup a brokerage type of rollover account and be able to purchase individual stock (or mutual funds). I'm not used to this level of control in all the places I've worked the last 2 decades. So onward Apple!
    I wouldnt stress too much about that. The stock will rise again, especially once the sales figures of iPhone 6th gen (and remember this one isnt a minor update) are released. There will probably be a slight drop after the media event cos people seem to always be disappointed that certain features werent included but its usually followed by record sales. If however, they announce an iPad mini or apple tv or cable box, then the stock will shoot up.

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