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Apple Worth More Than $100 Billion [Update: Apple Joins S&P 100]

Apple, Inc's worth climbed to above $100 billion today in heavy trading. The company is now worth approximately double rival computer maker Dell's market cap ($59.4 billion), but still trails behemoth Microsoft by a hefty margin, whose worth sits at $294.94 billion.


Note that Dell does not compete in as many areas as Apple, and Microsoft competes in more, which helps explain some of the disparity.

AppleInsider attributes part of the surge of Apple's stock price to recent bullish forecasts by some financial analysts, who have raised the 'BUY' price of Apple's stock to $150. Perhaps also contributing to the surge were announcements today of iTunes 7.2 with DRM-free songs.

Update: Reuters is reporting that Apple is joining the S&P 100 index. Apple will join the select group at market close tomorrow, May 31st.

The S&P 100 is a subset of the S&P 500, and is comprised of "100 leading U.S. stocks with exchange-listed options. Constituents of the S&P 100 are selected for sector balance and represent about 57% of the market capitalization of the S&P 500 and almost 45% of the market capitalization of the U.S. equity markets. The stocks in the S&P 100 are generally among the largest and most established companies in the S&P 500." (according to Wikipedia)

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62 months ago
I'd say buy too because I think something's coming out of left field today or tomorrow from the AllThings Digital conference.
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62 months ago
why oh why didn't I but AAPL a year or so ago ... :(
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62 months ago
It's amazing how AAPL has risen nearly 18 fold in the past 4 years. I really wish I would have invested some money back then.
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62 months ago
I am laughing now remembering how much I wanted to buy stock with it was in the low double digits and couldn't find enough cash to make it worthwhile. At least I make myself feel better knowing I should have.;)
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62 months ago
True, it would've been sweet to get some stock even a year ago, but it's not too late to invest. Our little Apple is growing up, and quickly.

I suggest thinkorswim.com. Great rates.
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62 months ago

I am laughing now remembering how much I wanted to buy stock with it was in the low double digits and couldn't find enough cash to make it worthwhile. At least I make myself feel better knowing I should have.;)


Options make it worthwhile when you think you have so little that investing in stock won't make a difference...still worthwhile now, though I'd wait for the next rumor to fall through and the stock will dip a bit allowing for an opportunity to buy options on the (relatively) cheap.

-Joe
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62 months ago
Good lord. Wasnt it just a few months ago that Apple had caught up to Dells market cap? Pretty amazing how its now double in such a short time.
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62 months ago
"One HUNDRED BILLION dollars!"

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62 months ago

Good lord. Wasnt it just a few months ago that Apple had caught up to Dells market cap? Pretty amazing how its now double in such a short time.


IIRC, Apple equalled Dell's market cap briefly a year or so ago, then fell back. I'm pretty certain that Apple passed Dell in this category "for good" some time around the middle of 2006.
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62 months ago
What goes up comes down...

I think in the long run the price will go north of $120 or even $140 personally...

But in the short term there's gotta be a correction. It just can't go up that much, that fast.

I'm expecting it to go down.
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