Thursday, March 1st 2012
Apple's Market Cap Crosses $500 Billion
Apple's market cap crossed the US $500 billion figure on Wednesday (currently at $505.75 billion), which is a new high for a company in the technology industry. It takes companies in the oil&gas and energy sector to get this far, and only five companies have ever crossed the $500 billion mark. To put this figure into perspective, if you combine the market caps of Microsoft, Google, and Facebook, it would amount to $567 billion (while Apple's is singlehandedly close to $506 billion). The phenomenal growth in market cap can be attributed to solid moneymaking product and service lines, backed by good prospects for each of them. The graph below documents this growth chronologically with key events at Apple.
Source:
The Verge
13 Comments on Apple's Market Cap Crosses $500 Billion
Great company. Great products. But man is that thing overvalued! The market/book value must be off the scale. I don't know how indebted Apple is... but there is no reason there will be a major economic crisis once the bubble goes. It will only be (mostly) overinflated stock funds that will take a corrective mark-to-market so the holders of those shares will lose some, but no more than a stock market fall of 5%. (Assuming diversified portfolio and Apple represents 1 of 20 investments in a fund)
I say: BRING IT ON
Oh, wait, wasn't there an inspection that cleared all that up recently? My bad!
While it does seem a bit overinflated but they did take in 108 billion in revenue last year so it's not actually baseless like the dot com bubbles.
seems like technology and oil are drawing the most investor attention right now and walmart, the retail juggernaut doesn't seem to change, always stable but little roi possible.
I would like to point out that AAPL hasn't been steady at these numbers so it's unlikely to stay there. Not a bubble burst, but a drop in price is likely.
Better start polishing some turds and charge 3 times the normal price.
Yeah Bonkers I too remember that all too bitterly well when they were damn near bust back in '95ish. I say bitterly because even as a dumb kid I knew then I should buy stock but had no cash. Even a thousand shares would be worth like half a million bucks today.
And, by the way, I used to have a Foxconn Black Ops I guess that means I'm going to hell! :roll:
I'll say hi to Steve Jobs for everyone.