Apple breaks $600 billion market cap threshold

Apple breaks $600 billion market cap threshold
For Apple stock, the onslaught of new iPhone and iPad mini rumors is like dope - the shares kept on growing to close at an all time-high of $648.11 on Friday and Apple’s market cap grew to the unbelievable $607 billion. The stock grew 1.85% on the last day of last week, but it’s this continuous growth as more and more people set their eyes on September 12th, the date when Apple’s big announcement or announcements is coming.

But you’d see how astonishing the growth of Cupertino is when you realize that the company has already gained 57% in valuation this year.

Could Apple become the world’s first trillion dollar company? Its stock would need to jump to around $1,072 for that, but if it doesn’t disappoint with the new launches it seems that it’s got the momentum.

Now, you might remember that worries about Apple performing weaker than everyone expected (but not weaker than Apple’s own targets) drove share price down to $572.5 at the end of July. Obviously, those worries are now gone, but we shouldn’t forget how volatile share prices are at the end of the day.

source: AllThingsD

Apple breaks $600 billion market cap threshold

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22 Comments

1. twens

Posts: 1156; Member since: Feb 25, 2012

You have all this monies yet your Phones are outdated,icrap.

6. The_Godfather

Posts: 196; Member since: Apr 26, 2012

Those who bought these shares would be in huge loss with their new products...!! iPhone 5 and Mini iPad would be the biggest failure ever in Apple's history..iBet...!!! Samsung>Motorola>Nokia>HTC>Apple

2. AppleConspiracy

Posts: 637; Member since: Oct 18, 2011

next iPhone announcement --> 4-inch screen --> $800 stock immidiately.

4. E.N.

Posts: 2610; Member since: Jan 25, 2009

for realz

3. Cyan3boN

Posts: 446; Member since: Feb 23, 2012

you can invest this cash on research and bring a better product apple, but look at you, u are so cheap!!!

10. TROLL

Posts: 4851; Member since: Apr 13, 2012

Is PhoneArena full of Android users? How come there are 500+ members, but only around 70+ users only comment? Where are all the iFans, users? There is not a single comment by Apple users.....?

12. Savage unregistered

I wonder that too. Taco, Gallito don't comment anymore although their ban has been lifted. Gotta admit, Without fanboy's comments, this site starts to become dull.

14. TROLL

Posts: 4851; Member since: Apr 13, 2012

Absolutely agree! Galli got banned again! U forgot to mention Darkjedi and Cmpunk and Mxzptlk dont comment any more.....

5. MeoCao unregistered

Everything that goes up ...

7. whysoserious

Posts: 318; Member since: Jul 20, 2012

How come there are so many people support Apple in the first place? They can't even fix the SMS issue on the iPhone. If only other Asian mobile companies has this huge amount of money, maybe they could have developed a phone with 500 ppi Hyper Amoled Super HD++ screen or a super camera from Sony that can take pictures in outer space.

19. Astreo

Posts: 105; Member since: May 05, 2011

LOL the same issue that was reported to be in EVERY phone that uses sms ? mkay.

8. Savage unregistered

Well, Aside fron the fact that Apple doesn't deserve this much money as it provides mid-range products at premium price, I would say Congratulations. It is a fine achievement. Now spend that money wisely. On developing your products.

9. TROLL

Posts: 4851; Member since: Apr 13, 2012

I just dont understand, whats so special and good about Apple products....

11. AppleConspiracy

Posts: 637; Member since: Oct 18, 2011

You don't understand because you are focused on technicalities, not social and cultural significance of Apple.

13. good2great

Posts: 1042; Member since: Feb 22, 2012

whether we hate their products, think they're old, think they're cheap, or disagree with their business practices... one thing you have to know and understand as a FACT "apple is just a successful company... point blank period."

16. TROLL

Posts: 4851; Member since: Apr 13, 2012

Im thinking when will Apple start to tumble down shares, and price drops to 100?

17. Shino

Posts: 196; Member since: Jul 23, 2012

I'm not surprised at all. Apple has now so much money, they can buy all the mobile industry, including Nokia, Samsung and Co, put together. I'm a Nokia fan by default, but since 2008, when I got my first iPhone I can say for sure, that this company is here to stay. I tried android for a year, but no thanks. For a second phone is okay, though. It is just amazing how in just 5-6 years they wiped away the whole mobile industry with only ONE device!

18. Jobes

Posts: 364; Member since: Oct 27, 2011

Here in the states i'll agree.. but Americans have always been captivated by shiny things lol. The only thing Apple has done that is amazing is make normal people so focused on a paperweight that they think it actually makes them "better" than others.

20. sudbury78

Posts: 136; Member since: Jul 12, 2012

once again all android babies posting on apples stories. I wonder where all the people went on July 24 when the stock "disappointed" with its earnings and crumbled to $572 and they all said its over. Not even 30 days later, its at $664 as I type this. Apple is here to stay and is not going anywhere. As noted today, "greatest company and stock EVER"

21. Savage unregistered

Of course Apple ain't going nowhere! It has too much cash to sustain itself for a long time now. Sadly.

22. Aeires unregistered

There was a time when people thought Enron was the greatest company ever. Truth of the matter, no company is impervious to failing, even Apple.

23. Seannyc

Posts: 59; Member since: Jul 21, 2012

u haters just mad all the andriod and window phone companys compare ain't even worth half as much as Apple. Haters gonna hate but in the real world apple rules.

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