Another day, another story about Apple breaking records for its market value. But this time, it's really, really impressive. Today the Cupertino company's market capitalization shot over $700 billion for the first time before slipping a bit in after-hours trading. The current share price stands at $119.65 at the time of writing, which translates into around $837 if Apple's stock split from earlier in the year is taken out of the equation.
We all know Apple is a valuable brand, but lately that value has started to reach some otherworldly heights. That especially rang true yesterday when Apple's market cap reached an all-time high of $663.2 billion, a number that's so up there that Bloomberg says it makes Apple worth more than the entire Russian stock market.
Friday marks the fifth anniversary of the iPhone, so naturally at least one research company has been busy running the numbers to see what kind of impact Apple's iconic handset has had since its debut.
After a relatively quiet morning on the Apple front, Tuesday wound up being quite busy with related news, including the announcement of Tim Cook’s appearance at this year’s All Things Digital conference and the availability of updates for the company’s pro video apps. Ready to read more? Then click on through to the other side and enjoy the day’s news for Tuesday, April 10, 2012.
MacLife.com readers are among the most awesome Apple fans on the planet, so we don’t have to tell you how our favorite company has been chewing bubblegum and kicking ass (bonus points to those who can name which movie that line hails from!). But sometimes we just need to see it laid out in one awesome post -- and here it is!
Those of us who were Mac fans when Steve Jobs returned to Apple in 1996 were a hardy bunch, having been through a rough 11 years since his departure. While the return was a cause for celebration to be sure, who could ever have imagined the wild ride that he would have taken the company on in the years to follow?
It was only about a year ago, that Apple passed Microsoft in the market cap segment. To be expected, right? Surely Apple couldn't overtake Microsoft in revenue right? Wrong. Apple did just that this past October. Apple added another feather in its financial cap today after Microsoft released their Q3 2011 results. Apple has now topped Microsoft in profits, too.
If you'll recall, this past May, Apple topped Microsoft in market cap. But there was still that rascally revenue barrier that Apple still could not quite overcome. Well, that barrier is no more. Microsoft just reported $16.2 billion in revenue for the third quarter. And Apple? $20.34 billion.