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Apple's Market Capitalization Hits $500 Billion, Stock Up 34% in 2012

Wednesday February 29, 2012 5:32 am PST by Eric Slivka
Apple's stock has hit yet another psychological milestone today, pressing through to reach $500 billion in market capitalization. Apple passed the milestone in after-hours trading yesterday, but has just now passed it in regular trading as the trading day opens.


At the end of January, we noted that Apple had seen a remarkable 50-point gain during the first month of 2012 that saw the company's stock price increase by nearly 13%.

Amazingly enough, Apple's stock growth has only accelerated in February as anticipation for the iPad 3 and optimism over the company's continued strong financial performance has attracted investors. As Apple hits the $500 billion market cap milestone and is currently sitting at over $507 billion, it is now up over 34% in the first two months of 2012.
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Kaibelf
12 weeks ago
Blah blah blah Apple's a flop now that someone new is in charge Blah blah blah Android has more activations so they must make more money Blah Blah Blah Foxconn news is tanking the company Blah Blah Blah the iPhone4S won't sell, it's only a minor upgrade blah blah blah Samsung is the world's best company ever in the history of man blah blah blah it's only for hipsters and creative people blah blah blah they don't even make products with a stylus blah blah blah ..... oh...... 500 billion market cap?..... um..... carry on then. :rolleyes:
Rating: 13 Positives / 2 Negatives
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thisisahughes
12 weeks ago
500 more to go. :D
Rating: 10 Positives / 0 Negatives
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napabar
12 weeks ago

MSFT was worth $642 billion in September 2000 (http://money.cnn.com/galleries/2010/fortune/1002/gallery.biggest_losers.fortune/4.html).

Also, Cisco and Intel both peaked at over $500 billion in 2000.


And that was during the Dot Com bubble! Apple's doing this in a ****ty economy!
Rating: 7 Positives / 0 Negatives
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AppleDroid
12 weeks ago
If I had invested in 2005 I would be sitting on close to 300k in stock right now. Excuse me while I go cry into my coffee.
Rating: 8 Positives / 1 Negatives
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1080p
12 weeks ago
I wish I had spent money on APPL stock instead of buy their products. I'd be richer today. :apple:
Rating: 8 Positives / 1 Negatives
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kckl
12 weeks ago
I bought it at $8.6/share right before they announced Jobs came back to Apple. Apple was dying and I thought it's good to support them even though it might go bankrupt. And I'm still holding it.
Rating: 6 Positives / 0 Negatives
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napabar
12 weeks ago

Apple's cashpile of nearly 1 billion is so much, yet seems so small compared to 500 billion... Just count the zero's on this puppy... --> 500,000,000,000 :cool:


Apple cash stock pile is 100 billion, not 1 billion.
Rating: 5 Positives / 0 Negatives
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neuropsychguy
12 weeks ago

MSFT hit its peak in Dec 2007 at 350 Billion


MSFT was worth $642 billion in September 2000 (http://money.cnn.com/galleries/2010/fortune/1002/gallery.biggest_losers.fortune/4.html).

Also, Cisco and Intel both peaked at over $500 billion in 2000.
Rating: 5 Positives / 0 Negatives
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rdowns
12 weeks ago

Enough with the FUD about Microsoft saving Apple! Apple was NOT near bankrupt when Steve came back. They were in big trouble, no doubt about that, but not anywhere near insolvency. Microsoft's purchase of non voting stock did NOT "save" Apple. It was a small token to show continued support as well as continuing to develop Office for the Mac. $150 million was pocket change for both companies at the time. Gates and Jobs also resolved the patent issues festering between them. Steve Jobs saved Apple, not Bill Gates.



That folklore refuses to die.

The agreement between Apple and Microsoft provided for a cross licensing agreement between the companies, a commitment by Microsoft to continue producing Office for Mac for at least 5 years, the inclusion of IE as the default browser on new Macs and a symbolic $150 million investment. At the time, Apple had $1.2 billion in cash.

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Surveys and wishful thinking do not equal units sold.

And all your links are for tablets.

Apple has never been business-friendly...EVER! Maybe, just maybe, Tim Cook will figure out that there's a whole nutha billion users out there in businessland that could use Apple products. But I really think that ship sailed a long time ago.

iOS devices all come with the Apple baggage...iTunes, Apple approved apps, Apple hardware, Apple OS, Apple Support, Apple pricing...all Apple lock-in. Although this may be fine with consumers, it is NOT fine with businesses. Not sure if you ever worked in IT but IT does not like lock-in...and there will not be an IT Revelation that lock-in is now the defacto standard or cool or hip.

iOS devices appearing in businesses are definitely not IT sanctioned/approved. There have been numerous reports/studies regarding this. We all know that the iPhone is simply a computer with the ability to make phone calls. Every company on the planet forbid you bringing in your own, personal computer and connecting to the corporate network...the iPhone is no different. IT may be tolerating it right now, but IT is definitely wary of the iPhone/iPad's security.



Try this. It's a bit old having been written yesterday.

Mac business sales surge 51% as Apple continues to invade the enterprise
Rating: 4 Positives / 0 Negatives
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Chupa Chupa
12 weeks ago


Let's also remember that in this high tech environment, Apple CLEARY does not sell to businesses. Apple sells to consumers.



Oh really...

1

2

3

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Plenty more where that came from. The iPad is taking enterprise by storm. It's why Windows 8 will be made with tablets in mind b/c the iPad is a huge threat to Windows in a way the Mac OS never could.
Rating: 4 Positives / 0 Negatives

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