Apple's Market Capitalization Hits Record $700 Billion

Apple's stock continues its strong recent performance, hitting another milestone today with a market capitalization of $700 billion and once again setting a new standard as the highest market cap in history before pulling back slightly. The mark comes less than two weeks after Apple's market cap passed $660 billion to set its first new high in two years.

aapl_700_billion
The company's market capitalization has doubled since Tim Cook was named CEO in August 2011.

Apple's stock is up nearly 60 percent over the past year and up 24 percent since the company's October 16 media event, which was followed just days later by a strong earnings report. Looking forward, Apple is expected to show blockbuster iPhone sales for the holiday quarter, and Wall Street is anticipating continued strong performance into 2015 as Apple looks to add yet another product category to its mix with the Apple Watch.

While Apple has been routinely setting new stock price highs for months, the new standards for market capitalization have not come until more recently, as the company's aggressive stock buyback program has reduced the number of shares available on the market. With market capitalization calculated as the share price multiplied by the number of shares outstanding, the share price has had to reach higher levels to make up for the lower number of shares. Apple's current share price of just under $120 is equivalent to nearly $835 on a pre-split basis.

Top Rated Comments

PinkyMacGodess Avatar
86 months ago
Not bad for a company 'doomed to failure' after Steve Jobs died. ;):D:eek::cool::apple:
Score: 50 Votes (Like | Disagree)
bazinga!! Avatar
86 months ago
All their recent fails:

iOS 8 problems
Yosemite problems
Not enough iPhones
Mac mini RAM nit being upgradeable
iCloud photo library
No Apple TV update
No new MacBook Air
No refresh on regular iMacs

The stock market is crazy.

It's not like any of the "problems" you just mentioned matter to investors, only to geeks like ourselves.
Score: 36 Votes (Like | Disagree)
MacSince1990 Avatar
86 months ago
696.92 = 700??

All their recent fails:

iOS 8 problems
Yosemite problems
Not enough iPhones
Mac mini RAM nit being upgradeable
iCloud photo library
No Apple TV update
No new MacBook Air
No refresh on regular iMacs

The stock market is crazy.
None of which have any effect on the company's financial performance, except for the iPhone thing... but I'm not sure where you're even getting that from. What a silly list.
Score: 30 Votes (Like | Disagree)
santaliqueur Avatar
86 months ago
All their recent fails:

iOS 8 problems
Yosemite problems
Not enough iPhones
Mac mini RAM nit being upgradeable
iCloud photo library
No Apple TV update
No new MacBook Air
No refresh on regular iMacs

The stock market is crazy.

Take any company, and you could post a list just like this of their recent failures. By the way, you're really reaching for stuff to complain about.
Score: 27 Votes (Like | Disagree)
dannyyankou Avatar
86 months ago
Approaching $1 trillion...
Score: 17 Votes (Like | Disagree)
Merkie Avatar
86 months ago
All their recent fails:

iOS 8 problems
Yosemite problems
Not enough iPhones
Mac mini RAM nit being upgradeable
iCloud photo library
No Apple TV update
No new MacBook Air
No refresh on regular iMacs

The stock market is crazy.

You're clueless.
Score: 10 Votes (Like | Disagree)

Top Stories

iphone12protriplelenscamera

Apple's Orders for Key iPhone 13 Camera Component Expected to Outstrip Entire Android Market

Wednesday June 9, 2021 12:47 am PDT by
Major camera upgrades coming to the iPhone 13 series are putting increased pressure on suppliers to meet Apple's demand for key lens components, according to a new DigiTimes report. Apple has reportedly put Taiwan-based makers of voice coil motor (VCM) components on notice to increase their capacity by 30-40% in order to meet the company's demand, which is expected to outstrip the entire...
macos monterey setup assistant

macOS Monterey Allows You to Erase a Mac Without Needing to Reinstall the Operating System

Wednesday June 9, 2021 4:41 pm PDT by
It's been a few days since Apple announced macOS Monterey, and we continue to dig through new features that weren't mentioned during the WWDC keynote, including a much more convenient way of erasing a Mac. Following in the footsteps of the iPhone and iPad, the Mac has gained an "Erase All Content and Settings" option on macOS Monterey. The option allows you to erase all user data and...
EEC Apple iphone 13

Apple Registers iPhone 13 Models in Eurasia Ahead of September Launch

Friday June 11, 2021 2:16 am PDT by
Nashville Chatter Class has discovered a new Russian-language regulatory filing in the Eurasian Economic Commission (EEC) database pointing towards several unreleased iPhone 13 models that Apple will be launching in the fall. Versions of iPhone running iOS 14 are listed with the model numbers A2628, A2630, A2634, A2635, A2640, A2643, and A2645. None of the numbers correspond to Apple's...
Dark Sky App Featured

Dark Sky iOS App, Website, and API Now Scheduled to Remain Available Until End of 2022

Thursday June 10, 2021 7:34 am PDT by
Last year, Apple acquired the weather app Dark Sky, and shortly after its purchase, Apple shut down the app for Android. Despite the revamped iOS 15 Weather app taking heavy inspiration from Dark Sky, the weather's app standalone iOS app, web app, and API will remain available until the end of next year, compared to the end of this year, as previously planned. Dark Sky announced in an update ...
mr white ipod touch 5 protoype3

Unreleased iPod Touch 5 With Chamfered Edges and 30-Pin Dock Connector Shared Online

Thursday June 10, 2021 2:05 am PDT by
Occasional leaker Mr White has today shared interesting images on Twitter of what appears to be an old-school fifth-generation iPod touch prototype with chamfered edges and a brushed aluminum finish. The original iPod touch 5 that Apple released in October 2012 had a unibody anodized aluminum chassis with rounded edges, and was available in several colors, including slate. Another...
live text macos monterey

Several macOS Monterey Features Unavailable on Intel-Based Macs

Wednesday June 9, 2021 8:23 am PDT by
While there are many great new features in macOS Monterey, several of them are not available on Intel-based Macs, according to Apple. On the macOS Monterey features page, fine print indicates that the following features require a Mac with the M1 chip, including any MacBook Air, 13-inch MacBook Pro, Mac mini, and iMac model released since November 2020:Portrait Mode blurred backgrounds in...
ipad mini 6

Next iPad Mini Will Allegedly Feature Thinner Bezels, USB-C Port, and Touch ID Power Button

Friday June 11, 2021 1:13 pm PDT by
On his newly launched Front Page Tech website, leaker Jon Prosser has shared renders showing off the alleged design of the next-generation iPad mini, which he says are based on schematics, CAD files, and real images of the device. In line with details shared earlier this month by Bloomberg's Mark Gurman and Debby Wu, Prosser claims that the new iPad mini will feature slimmer bezels around...
apple logo plain

Trump Administration Subpoenaed Apple for Data on Two House Intelligence Committee Democrats

Thursday June 10, 2021 6:21 pm PDT by
When investigating leaks of classified information during the early days of the Trump Administration, the United States Justice Department subpoenaed Apple for metadata from the accounts of at least two Democrats on the House Intelligence Committee, reports The New York Times. Apple was also required to provide data from their aides and family members, with the DoJ requesting the records of...
macos monterey tidbits feature copy

macOS Monterey Tidbits: Animated Memoji on Login Screen, Change the Color of the Mouse Pointer, and More

Friday June 11, 2021 10:27 am PDT by
We've highlighted several new features coming in macOS Monterey, such as Low Power Mode and the option to erase a Mac without reinstalling the operating system, but there are some smaller tidbits that we wanted to share. Animated Memoji on Login Screen One small but fun new feature in macOS Monterey is the addition of a personalized Memoji on the login screen, complete with animated facial...
ios15 mail privacy feature

Apple Putting a Stop to Email Tracking Pixels With Mail Privacy Protection in iOS 15 and macOS Monterey

Thursday June 10, 2021 11:03 am PDT by
Tracking when you've opened up an email and what you've read is something that many companies and advertisers rely on for their marketing efforts, plus there are email clients out there designed to let users know when the emails they've sent have been opened up. Much of this tracking is facilitated by remote images that load when viewing an email, and some of it is even sneakier, with...