Apple Exceeds $ 600,000 million of Market Capitalization
Shares of Apple, the world’s most valuable company, reached a new record today that its market capitalization amounted to 600,000 million dollars, which became the second player in history to reach that record after Microsoft.
Less than an hour after the start of the session in the New York Nasdaq Stock Market, shares of Apple rose as 1.18% to be changed to a maximum of $ 643.79 each, with what the company’s value soared to 600,250 million dollars.
So far, only ever had exceeded that barrier rival Microsoft in December 1999 but which now is too far, because just round the 260,000 million.
Less than two months that the iPhone maker had got beyond the first 500,000 million dollars of market capitalization, which had managed only five other firms on Wall Street in history: Exxon, Microsoft, General Electric, Intel and Cisco.
But the advance in exchange for shares of the company in Silicon Valley have made the firm and exceed 600,000 million dollars, so that some analysts are not crazy you get to reach one trillion dollars.
Recently, Piper Jaffray analyst Gene Munster predicted that each share of tech giant would exceed $ 1,000 in 2014, met catapult the stock market value of the firm to 932,370 million dollars.
With today’s record, Apple is strengthened even more as the world’s most valuable company, well above the second most valuable, Exxon Mobil, which today fell 1.2% in the NYSE to place its market value in about 390,000 million.
The firm led by Tim Cook, who lives a sweet moment after launching the new iPhone, announced last month its first dividend since 1995 and a massive share buyback program, a decision that has attracted more investors to buy the Apple shares.
Category: Business News
