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Apple's Stock Price Breaks Through $700, Sets New All-Time Records for Price and Market Cap
Following today's news that the iPhone 5 has set a record with over two million pre-orders during the first 24 hours of availability last Friday, Apple's stock price is rising once more. Apple's share price broke through the $700 mark for the first time today in after-hours trading, continuing the company's meteoric rise as the most valuable publicly traded company in the world.
The stock price has been on a tear -- albeit with a bit of a lull in the middle of the year -- since Apple reported blowout earnings for the first fiscal quarter of 2012, rising more than $270/share, or over 65%, in nine months.
At the end of February, Apple broke through the important psychological barrier of $500 billion in market capitalization, then through $600 billion in April. Apple is now worth more than $650 billion, which is $225 billion -- or approximately one Google -- more than second-place ExxonMobil.
The stock price has been on a tear -- albeit with a bit of a lull in the middle of the year -- since Apple reported blowout earnings for the first fiscal quarter of 2012, rising more than $270/share, or over 65%, in nine months.
At the end of February, Apple broke through the important psychological barrier of $500 billion in market capitalization, then through $600 billion in April. Apple is now worth more than $650 billion, which is $225 billion -- or approximately one Google -- more than second-place ExxonMobil.
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74 months ago
I love this analogy, "or approximately one Google -- more than second-place ExxonMobil."
74 months ago
Good thing I bought it back when it was like $12 something... Oh wait, I didn't.
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74 months ago
Really do you have to post Apple stock prices? Like that has anything to do with the ownership or use of Apple products. It's usually the cheesy Apple cheerleading Websites that post Apple stock prices in big fonts so fanboys who don't own any Apple can go "rah rah rah, we're cool".
Just a thought.
Lots of shareholders on MR... so yes.
74 months ago
I just saw it crossed $700.00 in after hours. Seconds later, I checked here and that is the lead story. Wow, Macrumors is quite quick. This is the up to the second reporting! Nice job Jordan Golson. You probably had it all setup, had the article written in anticipation and copy&paste the quote page to memorialize it and hit publish. Even then, it was lightning fast.
74 months ago
I am very curious if 1 trillion can be reached. If so, wow is all I can say.
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