Apple designs and creates iPod and iTunes, Mac laptop and desktop computers, the OS X operating system, and the revolutionary iPhone and iPad.
Apple Is Now the Most Valuable Public Company At $621 Billion Market Cap
The title of “World’s Valuable Company” is one that passes hands from time to time but the title of “Most Valuable Ever” is perhaps the holy grail of company accolades. That accolade goes to Apple after the company’s market capitalization reached a staggering $621 billion.
Apple beat out Microsoft for the honor by a hair’s breadth really; the latter had set a record back in 1999 of $618 billion. Presently Apple’s stock is trading healthily above $600 and many are wondering if Apple could eventually push past the $1,000 a share mark. If this does happen, the company would become the world’s first trillion dollar company.
Certainly the things Apple has in the pipeline has the potential to push the stock higher. In January next year the iPhone 5 will be released and there are rumors of an iPad mini and an updated Apple TV. The iPhone 5 release by itself should another $100 to the value of the stock; many analysts are predicting iPhone 5 sales that will beat out all previous iterations of the device.
But perhaps the biggest achievement is of the Apple CEO Time Cook. When Jobs died many wonder if the company would be able to sustain its growth and stave off the competition. A solid combination of good stewardship and customer loyalty has proved many wrong.
Will Apple break pass $1,000 a share? Share your prediction with us in the comments below.