Apple stock briefly touches $600, now worth more than the rest of the US retail sector combined

Apple stock briefly touches $600, now worth more than the rest of the US retail sector combined
In today's edition of "Wacky comparisons for Apple's market cap", the tech giant's shares multiplied by current price give a sum that is more than the rest of the US retail sector combined.

Not only that, but Apple's stock briefly pierced through the $600 barrier today, and Wall Street is all puppies and flowers for its future direction, to the tune of $1000 a share. Normally Warren Buffet's moto "Be greedy when others are fearful, and fearful when others are greedy" applies fully in such situations, but Apple's stock was just undervalued if we looked at its EPS multiple.

On the eve of the new iPad launch tomorrow, Apple has all the prerequisites to shatter another sales record, we should know pretty soon. The only thing that can stop the tablet's march to glory is insufficient high-res display supplies, but Sharp and LG are said to restore capacity as early as next month.

source: TUAW

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14 Comments

1. abish1234

Posts: 51; Member since: Oct 22, 2011

so what??

32. Roly

Posts: 4; Member since: Oct 27, 2008

So what???? Jump ship from crappy android and you'll understand why. I don't know why all the apple haters frequent this site and then post hateful comments about the apple articles and products. Get a life all of you. Or find a website that promotes your pathetic android phones and phone features and post your idealist comments there. At least your comments are good for a laugh at best.

34. atheisticemetic

Posts: 377; Member since: Dec 18, 2011

if i met you in real life i would shame you with what my phone can do over your crappy Iphone. your religion is good for a laugh at best

38. cepcamba

Posts: 717; Member since: Feb 27, 2012

abish1234 just said so what, and what a retaliation...... iCult is becoming scary....

2. mercorp

Posts: 1045; Member since: Jan 28, 2012

next:apple stocks rise to $10000000000000000000000....

3. TKFox007

Posts: 303; Member since: Nov 02, 2010

I really think someone should look into Apple's books. Not to sound like I'm picking on Apple, but they could become the next Enron or Adelphia. You never know what greed can do to people.

5. dirtydirty00

Posts: 427; Member since: Jan 21, 2011

well yea normally id think the books r cooked, however with all the isheeeep running around out there paying triple what they should be paying for the same technology (such as laptops), i do believe they are making a boat load of money off the poor souls.

6. gallitoking

Posts: 4721; Member since: May 17, 2011

you are a noble man for telling us that,,, thank you..

4. dirtydirty00

Posts: 427; Member since: Jan 21, 2011

BOOKS R COOKED!

7. GuiltyBystander

Posts: 199; Member since: Mar 05, 2012

Okay, that's crazy!.

10. good2great

Posts: 1042; Member since: Feb 22, 2012

i'm just upset that i wasnt aware of stocks/shares when apple was worth around $10 or more a share...lol man i would've bought a CR@P LOAD of it and be smiling all the way to the bank in a few years... "who would've thought apple would've been worth this much???"

39. jmoita2

Posts: 930; Member since: Dec 23, 2011

I hereby predict the mother of all crashes... Whatever you do,DO NOT buy into the frenzy... Who here remembers the Dot Com crash???

42. abish1234

Posts: 51; Member since: Oct 22, 2011

i think roly had a bad day :-D .. y dont u pay a vist to the genius bar ;-)

44. CivicSi89

Posts: 349; Member since: Jul 23, 2011

^WTF?

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