Apple's share price has closed above the $600 mark for the first time since October 2012, some 18 months ago. It illustrate a significant recovery for Apple's stock, which hit a low of $388/share in late June 2013.
The price is mostly psychological, made even more so by the fact that Apple will split its stock by a 7/1 ratio next month, dropping the price down to roughly $85 per share at current prices. The stock split is meant to allow more investors the opportunity to invest in the company.
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Apple's market capitalization is roughly $518 billion, well ahead of Exxon Mobil's $444 billion. Apple is the most valuable publicly traded company in the world. The company's all time high share price is $702.10, originally hit in September 2012.
Top Rated Comments
I find Apple's lack of product innovation disturbing
Yeah, I agree totally! I mean it's only reasonable to expect revolutionary product innovations every thirty minutes or so from Apple, since all other companies has done so much more than Apple when it comes to product innovation.
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incremental updates, don't raise the share price
lets have a stock split instead to get more mom and pop investors
Ichan was really pushing Cook for this
I find Apple's lack of product innovation disturbing
What did you do between 2001 and 2007?