Apple: Apple becomes 1st company ever to close at market cap of over $700B (AAPL)

Apple becomes 1st company ever to close at market cap of over $700B (AAPL)


Apple’s stock price closed up 2.3 points today to close at 122.02 giving the Cupertino company that was on the verge of bankruptcy less than 2 decades ago, the highest market cap of all time. The closing market cap of $710B reflects significant growth since it hit a recent low of a split-adjusted 56 in mid-2013.
To put it into perspective, Apple is now valued at $100 for every man, woman and child on the face of the earth.
Speaking of AAPL, Tim Cook is at Goldman Sachs today discussing Apple’s recent success and announcing a industry first Solar farm that will offset all of Apple’s California electricity use including its Campus 2, offices and 40 retail stores. 
And on that note, First Solar, the company that is partnering with Apple on the Solar Farm is up almost 10% on the news.


Exxon surpasses Apple’s market cap to become world’s most valuable company

Bullish analysts make the case for AAPL hitting $1 Trillion market cap on $1000+ share price

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1. Carlos González-Baqu (@crlosg2) says: Tim Cook’s interviewer over at Goldman Sachs Tech Conference just pointed this to Tim as they were finishing the interview telling him that he will remember where he was when Apple’s market cap reached 7 billion US dollars.
   
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   • Zac Hall says: David Cohn, President and COO of Goldman Sachs, yep :)
     
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2. rogifan says: Doesn’t Microsoft still hold the top spot if you adjust for inflation?
   
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   • Odys (@twittester10) says: Thats true, but inflation adjustment is not very relevant for market cap analysis. Inflation is important when you want to measure purchasing power. Market cap is not something you can use to purchase anything â€" its largely a bragging metric.
     
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3. mpias3785 says: Why does Michael Dell come to mind? ;-)
   
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   • Zac Hall says: That’d be a lot of money given back to the shareholders now, huh
     
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4. dragonitedd says: a number larger than most countries’ GDP…….
   
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5. jrox16 says: Just for giggles and nostalgia: APPLE IS DOOMED
   :)
   
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6. Computer_Whiz123 says: Apple has made a lot of ‘firsts’ which is probably why they’re so well-known
   
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