• Apple Achieves Historic Market Cap on Monday

    by
    Michael Essany
    Published on 2012-08-20 08:13 PM
    15 Comments Comments


    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
    This article was originally published in forum thread: Apple Achieves Historic Market Cap on Monday started by Michael Essany View original post
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    2. Apple
    Comments 15 Comments
    1. Anthony Bouchard's Avatar
      Anthony Bouchard - 2012-08-20, 08:22 PM
      A fine achievement.
    1. Breezy215's Avatar
      Breezy215 - 2012-08-20, 08:48 PM
      Nice.
    1. Jarolin Vargas's Avatar
      Jarolin Vargas - 2012-08-20, 08:49 PM
      what goes up must come down.
    1. bencjedi's Avatar
      bencjedi - 2012-08-20, 09:13 PM
      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?
    1. The6uest's Avatar
      The6uest - 2012-08-20, 09:20 PM
      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!
    1. kalpesh78's Avatar
      kalpesh78 - 2012-08-20, 09:47 PM
      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?
    1. KraXik's Avatar
      KraXik - 2012-08-20, 10:07 PM
      Most valuable inflation adjusted company though?!
    1. Breezer23's Avatar
      Breezer23 - 2012-08-20, 10:37 PM
      There is nothing good about a company this big BUT having said that, a huge achievement.
    1. Them3this's Avatar
      Them3this - 2012-08-20, 11:14 PM
      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.
    1. Alluziion's Avatar
      Alluziion - 2012-08-21, 12:11 AM
      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.
    1. LucasPukus69's Avatar
      LucasPukus69 - 2012-08-21, 12:45 AM
      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
    1. feidhlim1986's Avatar
      feidhlim1986 - 2012-08-21, 01:24 PM
      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.
    1. bigboyz's Avatar
      bigboyz - 2012-08-21, 03:47 PM
      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.
    1. bencjedi's Avatar
      bencjedi - 2012-08-21, 05:50 PM
      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!
    1. LucasPukus69's Avatar
      LucasPukus69 - 2012-08-22, 12:43 AM
      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.

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