Ondrej Holzman First broke through Apple shares hit a historic $700 billion market cap in November, but now remain above that mark for the first time after the stock market closed. The current market value of the California company is $710,74 billion – the highest in the history of American companies.
Apple shares rose 1,9 percent on Tuesday to close at a record high of $122,02 a share, giving it a market value of more than $700 billion.
[do action="citation"]Apple's market value is the highest in American history.[/do]
The Californian giant is now twice the size of Microsoft, and if we were to add the market value of Microsoft and Google together, we would only get a $7 billion higher figure. Gone are the days when Microsoft was the first company to break through the 2000 billion market value in 600.
Since Apple went public in 1980, its stock has risen 50 percent, doubling in price since January 600 alone. The record value comes two weeks after the iPhone maker also reported record financial results for the last quarter. In the last three months, Apple sold nearly 75 million iPhones, which fundamentally exceeded analysts' estimates.
Back in December, Wall Street was predicting that Apple shares would reach $130 a share this year, but that goal has been quickly approached after the stunning results, so the latest estimates are as high as $150 per Apple share in 2015.
Apple investors believe and can be expected that the company will continue to grow. The latest reports show that in the smartphone market, Apple - while Samsung, its biggest competitor, is struggling - takes 93% of all earnings from this segment, another incredible figure. Even Apple CEO Tim Cook is not afraid of growth, who stated at the Goldman Sachs conference that even in the interest of rapid growth, his company could overcome the so-called "law of large numbers."
“We do not believe in such laws as the law of large numbers. It's kind of an old dogma that someone made up. Steve (Jobs) has done a lot for us over the years, but one of the things he instilled in us is that it's never good to set limits in your thinking," Cook said.
Tim, great, shareholders are over the moon. We are just concerned about the stability of the system.
Thank you very much and have a nice celebration.
PS good luck in China!