Only one other company has been worth $600 billion – Apple’s old sparring partner Microsoft Corp.
It reached that valuation for 13 trading days around the turn of the millennium, at the peak of the technology stock mania.
At its highest level, on Dec. 30, 1999, Microsoft’s valuation was $619 billion. It’s now worth about $255 billion.
The title of Apple rose to U.S. $ 644 in the morning yesterday, up 1.2% since the close of business Monday, bringing its value to 600.4 billion. Finally, the action ended down 1.2% to U.S. $ 628.44.
The way Apple has appreciated 59% since the beginning of the year. Analysts warn for some time that the share of the company is undervalued compared to the huge profits it reaps.
The progress of the action was further fueled by the announcement of exceptional sales during the most recent holiday season and the establishment of a new dividend for shareholders and a share buyback program.
Apple’s market value had reached the milestone of 500 000 000 000 on 29 February, which was already an achievement in itself since only five other U.S. companies have already reached that mark.
The $619 billion then becomes $846 billion. Many analysts believe Apple can get there, though. Last week, Brian White of Topeka Capital Markets was the first to set a stock price target of more than $800, with a goal of $1,001.
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