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

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