Apple becomes the first company ever to be valued at $700 billion

Apple becomes the first company ever to be valued at $700 billion
Apple's close Tuesday at $122.02 helped the tech titan set a new record. At that price, the market capitalization of the company (share price multiplied by the number of shares outstanding) exceeds $700 billion. The figure gives you an idea of how much Wall Street believes the company is worth at the moment. At a value of $710.7 billion, Apple is the first company ever to sport a market cap of $700 billion or more. 

To put this figure in perspective, the figure is well ahead of second place Exxon. The oil giant has a market capitalization of $385 billion. Apple's shares have risen since the company announced an incredible fiscal first quarter earnings report that saw it score an amazing $18 billion in net profits. From October through December, Apple sold a whopping 74.5 million iPhone units exceeding every estimate that Wall Street analysts had disseminated.

Apple now carries twice the value of Microsoft and Google. Once the gold standard of U.S. corporate success, GM is worth just 8.5% the amount that Apple is valued at. Since markets tend to "think ahead," some of the launch of the Apple Watch is probably priced into the shares. But if demand for the timepiece exceeds estimates and the word innovative starts appearing in stories about the company, who knows where this runaway train finally stops. Could Apple become the first trillion dollar company?

Since Apple's IPO in 1980, the shares have risen 50,600%. Over the last year, the stock is up 64%. And for those who worried about the future of Apple following the death of co-founder Steve Jobs, the shares have doubled since Jobs' passing.


source: WSJ

FEATURED VIDEO

21 Comments

1. iushnt

Posts: 3020; Member since: Feb 06, 2013

Great but I doubt for them to be the first Trillion dollar companny

24. nctx77

Posts: 2540; Member since: Sep 03, 2013

Like everyone said about hitting $700 billion?

2. Jamoga

Posts: 187; Member since: Dec 17, 2014

next year i predict, that apple wont be as successful like this year. since most people got what they wanted, and like ipad, sales will decline. but theyre the closest to the throne for becoming the first trillon dollar company.

5. JMartin22

Posts: 2305; Member since: Apr 30, 2013

Exactly my point. Tech sites like this and analysts in investment firms are going to have unrealistic expectations for them to keep reaching even greater milestones, like they did Samsung.

23. Finalflash

Posts: 4050; Member since: Jul 23, 2013

Oh but they can and they will. Apple has shown to be the best form of corporation in the US, really the ideal corporation according to the current US corrupted philosophy. They make decent stuff, but they have proven the concept of making others to the work and reaping their rewards. They wait for new tech to come up, vaguely patent it, and then suppress others and even the original inventors if necessary. They then make massive profits and feed those back to investors in dividends to help inflate the stock while cutting wages and costs and lowering investment in productive paths. This is how the new patent troll era looks like and was designed to work. They are just the first to master it and abuse it.

3. drunkenjay

Posts: 1579; Member since: Feb 11, 2013

wish i bought some apple stocks

4. JMartin22

Posts: 2305; Member since: Apr 30, 2013

The question will be if they can maintain this momentum now and not peak and plateau. The huge surge came from the radical change in the dimensions of their product hardware, relating to size and form. Now they need to figure out new ways to differentiate and captivate without losing momentum.

6. AlikMalix unregistered

What about plasma induced hologram screens.. or this:https://www.youtube.com/watch?v=GNoOiXkXmYQ&list=UUOHoBDJhP2cpYAI8YKroFbA&src_vid=EndNwMBEiVU&feature=iv&annotation_id=annotation_2068693685 There's also a long ago study to add mass to a light particle. Just saying.... Apple got cash.. R&D would be their best investment...

9. kindlefireowner

Posts: 504; Member since: Dec 05, 2011

I brought the stock and think the next 21 months will be great for the stock and company. The demand for a bigger iPhone will last 21 more months. Not saying 74 million iphones per quarter, but 60 million or more every quarter range. Which will drive the stock and market value higher. Not a fan of the wearables by any company , so not seeing the Apple watch being a honerun. I think the stock will hit $200 a share by 2017?

10. kindlefireowner

Posts: 504; Member since: Dec 05, 2011

Homerun

12. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

Great!!!

13. darkkjedii

Posts: 30498; Member since: Feb 05, 2011

Congrats, now AppleWatch pronto!!!

15. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

Mind you, Apple doesn't built tanks, refrigerator, TVs etc... Like the other guy, and still manages to surpass all companies. Like them or not, it's a remarkable business achievement.

16. mike2959

Posts: 687; Member since: Oct 08, 2011

Next stop 1 trillion. Haters gonna hate.

17. mrej201

Posts: 226; Member since: Feb 04, 2015

With the help of Chinese child labor of course... and samsung amazing hardware

19. dimas

Posts: 3214; Member since: Jul 22, 2014

Don't forget their expensive crappy earphone and charger cable replacement sales and all iTunes dependent app store.

21. LikeMyself

Posts: 620; Member since: Sep 23, 2013

Tim Cook fantas*ing on the bonuses he'll get! A phone and software company bring that kind of money! Just wow! I guess Apple is the only thing US can be proud of right now!

28. ThePython

Posts: 902; Member since: May 08, 2013

The US can be proud of a lot of things right now. #1 is the fact that it's a better than country than every other (outside the 1st world).

22. Tritinum

Posts: 471; Member since: May 06, 2014

this is impressive! we all should be glad that a technology company is the richest in the world. Also the 2nd richest is a tech co.

29. Tziggy14

Posts: 611; Member since: Sep 02, 2014

ExxonMobil is not a tech company.

26. ThePython

Posts: 902; Member since: May 08, 2013

inb4 urr durr Apple sucks they will crash soon. Yeah right, 2/3 of a trillion and it will crash soon.

Latest Stories