Apple reaches record breaking $700 billion market cap as stock surge continues

Posted:
in AAPL Investors edited December 2014
Shares of Apple reached another major financial milestone on Tuesday, crossing the $700 billion market capitalization threshold just after trading began on Wall Street.




With shares of AAPL trading at an all-time high, Apple is more valuable than it has ever been in the eyes of investors. Prior to this month's gains, Apple's previous record market cap was $658 billion reached in September of 2012.

As of Tuesday morning trading, Apple's stock price was already approaching $120 per share, with a market cap of around $702 billion.

To put Apple's market value in perspective, rival Microsoft has a market cap of $394 billion as of Tuesday, while Google is valued at $367 billion. Other notable technology companies include Amazon ($155.24 billion), IBM ($161 billion), and Hewlett-Packard ($71 billion).

Shares of Apple fluctuated around the $100 mark until mid-October when the company reported a record September quarter, earning $8.5 billion in profit on sales of 39 million iPhones and 5.5 million Macs. Investors are bullish on demand for the iPhone 6 and iPhone 6 Plus, and also have high hopes for the debut of the new Apple Watch in early 2015.
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Comments

  • Reply 1 of 85

    My OCD will not be satisfied until Apple hits one Trillion

  • Reply 2 of 85
    Breaking the bank news!

    "Surreal, but not important"

    edit: Why is Google thought to be worth $367 billion? What products do they sell (please don't tell me I'm the product; we've been through all that) Do they have software they sell to companies? I know of Map Maker, or whatever it's called.

    Microsoft I understand. They have a massive market, getting their revenue from subscriptions and only need to write software once, selling it to the world by a simple Cmd-C/Cmd-V. Excuse me, Ctrl-C/Ctrl-V
  • Reply 3 of 85
    It's higher than it was yesterday (so far), but it could be higher or lower in minutes, hours or days... Let's not pop the champagne yet, guys.
  • Reply 4 of 85
    I knew it! Apple is doomed! Hahaha
  • Reply 5 of 85
    Quote:

    Originally Posted by GadgetCanadaV2 View Post

     

    My OCD will not be satisfied until Apple hits one Trillion




    I love to ask Siri what Apple's market cap is. Last night, hearing her say "Six hundred ninety-six billion dollars" put a huge grin on my face.

  • Reply 6 of 85
    MacProMacPro Posts: 19,483member
    Just waiting for Gatorguy to explain, with copious links, that Google is deliberately keeping its market cap low to encourage its OEMs like Samsung. ;)
  • Reply 7 of 85
    You're the product, we've been through all that, [@]PhilBoogie[/@] ;)
  • Reply 8 of 85
    MacProMacPro Posts: 19,483member
    Can't help thinking IBM would make a nice addition to the new Campus ... no overlap in their technologies and a fabulous portfolio these days and lots of IP and talent.
  • Reply 9 of 85
    Quote:

    Originally Posted by digitalclips View Post



    Just waiting for Gatorguy to explain, with copious links, that Google is deliberately keeping its market cap low to encourage its OEMs like Samsung. image



    Google's fading into irrelevancy on purpose! Of course, this always makes sense! It's like how HP intended for WebOS to fail, and Microsoft wanted the Kin to be a flop! <img class=" src="http://forums-files.appleinsider.com/images/smilies//lol.gif" />

  • Reply 10 of 85
    Just waiting for Gatorguy to explain, with copious links, that Google is deliberately keeping its market cap low to encourage its OEMs like Samsung. ;)

    1. Ah 'com on, that's not fair. At least he gives us links to backup his statements, so we don't simply have to take his word for it. That's more than I do.

    2. Still, +1, because your post is indeed humorous.
  • Reply 11 of 85
    I love to ask Siri what Apple's market cap is. Last night, hearing her say "Six hundred ninety-six billion dollars" put a huge grin on my face.

    Cortana would just ask if you want her to remember your anniversary.
  • Reply 12 of 85
    Quote:

    Originally Posted by PhilBoogie View Post



    Breaking the bank news!



    "Surreal, but not important"



    edit: Why is Google thought to be worth $367 billion? What products do they sell (please don't tell me I'm the product; we've been through all that) Do they have software they sell to companies? I know of Map Maker, or whatever it's called.



    Microsoft I understand. They have a massive market, getting their revenue from subscriptions and only need to write software once, selling it to the world by a simple Cmd-C/Cmd-V. Excuse me, Ctrl-C/Ctrl-V

     

    That's just it, they're an ad company with a bunch of hugely unprofitable side projects. The side projects are a desperate attempt to keep themselves relevant.

     

     

    On a side note, I was reading a fiction book today with Macs in it. I facepalmed when they had a character do a "Control-C" keystroke on a Mac.

  • Reply 13 of 85
    Quote:

    Originally Posted by Suddenly Newton View Post





    Cortana would just ask if you want her to remember your anniversary.



    Which would be appropriate since I don't have one to remember. <img class=" src="http://forums-files.appleinsider.com/images/smilies//lol.gif" />

  • Reply 14 of 85

    This is great and all but I hope we don't get a  Breaking  report every time we get an uptick in the stock price.

  • Reply 15 of 85
    mpantonempantone Posts: 1,795member
    Quote:

    Originally Posted by digitalclips View Post



    Can't help thinking IBM would make a nice addition to the new Campus ... no overlap in their technologies and a fabulous portfolio these days and lots of IP and talent.



    The corporate cultures are polar opposites, probably an absolute disaster if Apple tried to acquire and integrate IBM.

  • Reply 16 of 85
    I am concerned that Apple has reached peak sales per quarter of iPhone. Admittedly, I can't envision new features that would create the unprecedented demand of previous iPhone versions.

    The growth of Apple may rely upon new products. I hope iPad Pro is real. I hope Apple considers the gaming console market / home automation market.
  • Reply 17 of 85
    MacProMacPro Posts: 19,483member
    Cortana would just ask if you want her to remember your anniversary.

    She'd say ... "I just want to you and the hundreds of users of Microsoft Mobile OS out there that success isn't everything."
  • Reply 18 of 85
    mpantonempantone Posts: 1,795member
    Quote:
    Originally Posted by ddawson100 View Post

     

    This is great and all but I hope we don't get a  Breaking  report every time we get an uptick in the stock price.




    We don't.

     

    The only reason why the Breaking tag is here today is because somehow AppleInsider thinks a $700 billion market cap is terribly important.

     

    It's not.

  • Reply 19 of 85
    Quote:

    Originally Posted by MacBook Pro View Post



    I am concerned that Apple has reached peak sales of iPhone.



    Does everyone on the planet have an iPhone? No?

     

    Then we haven't reached Peak iPhone. ;)

  • Reply 20 of 85
    ddawson100 wrote: »
    This is great and all but I hope we don't get a <span style="background-color:rgb(170,0,0);color:rgb(255,255,255);line-height:1.4em;text-align:center;"> Breaking</span>
     report every time we get an uptick in the stock price.

    Bet on it.
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