Apple turns out to be the first American company to exceed the market cap limit of $700bn. at the same time, Apple now enjoys the title of the world’s most expensive company, Market Leader reports.
According to the Hi-Tech Department of Masterforex-V Academy, Apple’s stock is traded on Nasdaq, one of the major U.S. stock exchanges, where hi-tech stocks are traded on a daily basis.
On Tuesday, February 10th, Apple’s stock was trading at $122,02 per share. If to evaluate the entire stock, it turns out that at that point Apple’s market capitalization was equal to $710,7bn, Masterforex-V Academy reports. It is important to underline the fact that no other American public company has ever managed to exceed the $700bn market cap limit!
In absolute figures, Apple’s market cap is twice as big as the one of Google as well as 8 and 24 times as big as the ones of McDonald's and Twitter. The runner-up is Exxon Mobil, an American oil giant with $384bn of market capitalization.
It is also interesting to note that since Apple’s IPO in 1980, the corporation’s market capitalization has boosted by as much a 50 600%!!! Meanwhile, Apple keeps on seeing its proceeds and revenues growing. Not so long ago, the corporation reported the record high profits of $18bn for the last quarter of 2014 ended in late December 2014. This became possible due to higher sales of new iPhones. Over the reporting period, Apple sold 74,5 million copies of iPhone 6 and 6 Plus. Over the same reporting period, the earnings per share boosted by 48% up to $3,06, thereby exceeding the braves expectations of $2,59.
