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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...
08-20-2012, 12:12 PM #1
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.
08-20-2012, 12:22 PM #2
A fine achievement.
08-20-2012, 12:48 PM #3
08-20-2012, 12:49 PM #4
what goes up must come down.
08-20-2012, 01:13 PM #5
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?
08-20-2012, 01:20 PM #6
08-20-2012, 01:47 PM #7
08-20-2012, 02:07 PM #8
Most valuable inflation adjusted company though?!
08-20-2012, 02:37 PM #9
There is nothing good about a company this big BUT having said that, a huge achievement.
08-20-2012, 03:14 PM #10
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.
08-20-2012, 04:11 PM #11
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.
08-20-2012, 04:45 PM #12
08-21-2012, 05:24 AM #13
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.
08-21-2012, 07:47 AM #14
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.
08-21-2012, 09:50 AM #15
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!
08-21-2012, 04:43 PM #16