Apple reaches record breaking $700 billion market cap as stock surge continues
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.
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.
Comments
My OCD will not be satisfied until Apple hits one Trillion
"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
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.
Just waiting for Gatorguy to explain, with copious links, that Google is deliberately keeping its market cap low to encourage its OEMs like Samsung.
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! " src="http://forums-files.appleinsider.com/images/smilies//lol.gif" />
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.
Cortana would just ask if you want her to remember your anniversary.
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.
Cortana would just ask if you want her to remember your anniversary.
Which would be appropriate since I don't have one to remember. " src="http://forums-files.appleinsider.com/images/smilies//lol.gif" />
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.
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.
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.
She'd say ... "I just want to you and the hundreds of users of Microsoft Mobile OS out there that success isn't everything."
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.
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.
Bet on it.