Apple's Market Capitalization Hits $600 Billion

Apple's stock has continued its remarkable run in 2012, moving up another 1% today to briefly hit a market capitalization of $600 billion. The milestone comes just under six weeks after hitting $500 billion, and Apple's stock is now up nearly 60% since the beginning of the year.

aapl 2012 to 600 billion
If some analysts are to be believed, the $600 billion mark is just a brief stop on the company's way to a trillion dollar market capitalization. Analysts are beginning to float that unprecedented number as a target for Apple's stock price over the next year or so.

Apple is now within just a few billion dollars of taking Microsoft's title of most valuable publicly-traded company ever, targeting its rivals' $604 billion market capitalization achieved in December 1999. But adjusting for inflation, Microsoft's market capitalization at that time would correspond to over $800 billion in today's dollars.

Top Rated Comments

lowbatteries Avatar
141 months ago
A trillion dollars isn't cool. You know what's cool? A brazillian dollars.

Am I doing it right?

Brazillian dollars aren't worth that much, the exchange rate right now is about 0.55 US dollars.
Score: 13 Votes (Like | Disagree)
whooleytoo Avatar
141 months ago
You know what's scarier than a $600 billion company? A $600 billion company whose revenues are still growing at 40%+ year over year (and margins are still high).
Score: 13 Votes (Like | Disagree)
Taz Mangus Avatar
141 months ago
I would be nervous if I were a shareholder, even if their product and revenue structure is so tangible compared to a company that can float numbers like a bank.

I am a stock holder and I am not one little bit nervious about the stock price. I still think the stock price is undervalued. Undervalued at $100, $200, $300, $400 and $500.
Score: 8 Votes (Like | Disagree)
nick_elt Avatar
141 months ago
Anyone figured out how to use time capsule to by stock in the past?
Score: 7 Votes (Like | Disagree)
LagunaSol Avatar
141 months ago
Now its certainly getting into bubble territory, time to pull my stock out I would think.

Just because a company has a high valuation makes it a bubble? Please. Check the P/E ratios of the bubble stocks in the DotCom crash. Check the P/E ratio of Microsoft back when it hit its peak of a $600-billion-plus valuation.

If anything Apple is still undervalued. $100 billion in cash and a P/E of a low-growth company despite serious growth.
Score: 5 Votes (Like | Disagree)
iJon Avatar
141 months ago
People have been saying Apple was too high when it hit $100, then $200, $300, $400, $500, $600 and people are still saying it's only a matter of time.

I'll let all the armchair analysts keep chipping away while I smile at my portfolio each day.

Apple is just getting started and at this point, since I've been in at $80, I'm just going to ride it out. Apple could take a hit tomorrow and I'll still be so ahead. It's worth it just to sit back and see what happens.
Score: 4 Votes (Like | Disagree)

Popular Stories

iOS 16

iOS 16.3 Now Available for Your iPhone With These 4 New Features

Friday February 3, 2023 1:13 pm PST by
Apple released iOS 16.3 in late January following nearly six weeks of beta testing. The software update is available for the iPhone 8 and newer, and while it is a relatively minor update, it still includes a handful of new features, changes, and bug fixes. Below, we've recapped new features in iOS 16.3, including support for physical security keys as a two-factor authentication option for...
HomePod 2 White and Midnight Feature Purple Blue

Apple Explains Why HomePod Was Released Again, Wi-Fi 4 Limitation, and More

Thursday February 2, 2023 7:57 am PST by
Apple's VP of hardware engineering Matthew Costello and product marketing employee Alice Chan recently spoke with Men's Journal and TechCrunch about the new second-generation HomePod in wide-ranging interviews about the smart speaker. Apple discontinued the original full-size HomePod in March 2021 after multiple reports indicated that sales of the speaker were lackluster, but Chan told Men's ...
Apple Silicon Teal Feature

The Next Big Apple Silicon Device May Not Be a Mac or iPad

Wednesday February 1, 2023 3:57 am PST by
Apple's next device with an Apple silicon chip may not be a Mac or an iPad, but rather an advanced external display, according to recent reports. The display, which is rumored to arrive this year, is expected to sit somewhere between the $1,599 Studio Display and the $4,999 Pro Display XDR – but more exact information about the device's positioning and price point is as yet unknown. While ...
iOS 16

Apple Preparing iOS 16.3.1 Update for iPhone as Wait for iOS 16.4 Beta Continues

Thursday February 2, 2023 6:41 am PST by
Apple appears to be preparing an iOS 16.3.1 update for the iPhone, based on evidence of the software in our website's analytics logs this week. It's unclear when the update will be released, but it will likely be available at some point in February. The same logs have accurately foreshadowed the release of several previous updates, including iOS 16.0.3 and iOS 16.1.1 most recently, so they...
General iOS 16 Feature Yellow

Five New iOS Features Coming to Your iPhone Later This Year

Tuesday January 31, 2023 11:58 am PST by
Apple has previously announced several upcoming iOS features that are expected to be added to the iPhone this year. Some of the features could be introduced with iOS 16.4, which should enter beta testing soon, while others will arrive later in the year. Below, we have recapped five new iOS features that are expected to launch in 2023, such as an Apple Pay Later financing option for purchases ...
Apple Pay Later Quick Green Feature

Apple Pay Later Launching 'Soon'

Thursday February 2, 2023 2:10 pm PST by
The Apple Pay Later service that Apple has in the works is set to launch "soon," Apple CEO Tim Cook told CNBC ahead of today's earnings call for the first fiscal quarter of 2023. Cook said that Apple employees are beta testing the Apple Pay Later feature, which will help Apple boost services revenue. "It will be launching soon," Cook said. Apple Pay Later was first previewed at the...
webkit vs chromium feature

Google Working on Browser for iOS That Would Break Apple's App Store Rules

Saturday February 4, 2023 1:30 am PST by
Google's Chromium developers are working on an experimental web browser for iOS that would break Apple's browser engine restrictions, The Register reports. The experimental browser, which is being actively pursued by developers, uses Google's Blink engine. Yet if Google attempted to release it on the App Store, it would not pass Apple's App Review process. Apple's App Store rules dictate...