Just yesterday, we reported that Apple’s share price was closing in on Google. In fact, the share price closed at an all time high price of $589.58 and in after hours, it closed at $591.50. Today, the company’s share price touched the $600 mark this morning, just a month after reaching $500/share for the first time.
However, the stock closed at $585.56. Ever since the company reported a blowout earnings for the first fiscal quarter of 2012, the share price has risen nearly $180/share, or nearly 40%, in under two months.
Apple is the most valuable publicly traded company in the world, worth nearly $560 billion, and is on its way to become the first trillion dollar company, more than $150 billion higher than second-place ExxonMobile. Fact — During the dot-com boom in December of 1999, Microsoft’s peak market cap was $684 billion. At this rate, it seems to me that Apple’s on its way to pass that.