AAPL Soars Past $450
By on January 24th, 2012

Today, Apple announced its best quarter ever, and the figures are incredible! In the after hours, Apple’s share price has soared past $450. At $450 per share, AAPL’s market cap goes to over $420 B, again passing Exxon. Last September, the company’s share price touched $413.23 late in the after market, but closed at $411.63. Then, just a week ago, Apple’s share price has closed at an all-time high of $429.

Apple 450 after hours

If Apple closes any higher than $429 tomorrow, it will be a new all time high. In addition, if AAPL’s market cap exceeds $420 billion, then it will become the world’s most valuable company again! Currently, Apple is the world’s most valuable technology company. Its last quarter’s earnings surpassed $40 billion and sold over 15 million iPads, up 111 percent over the year-ago quarter. In addition, Apple sold 37.04 million iPhones, up 128 percent from the year-ago quarter. The company also sold 15.4 million iPods during the quarter, which represents a 21 percent unit decline over the year-ago quarter.

The company’s guidance for the second quarter of fiscal 2012 includes expected revenue of $32.5 billion and earnings per diluted share of $8.50.

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Author: Parth Dhebar
Parth Dhebar is a 18 year-old entrepreneur. He is the founder of Simple Reviews, a blog focused on reviewing iPhone and iPad applications. Parth is a recognized name in the industry, known for covering Apple news. He is an editor at Techie-Buzz covering news on Apple. You can follow him on Twitter @pdparticle.

Parth Dhebar has written and can be contacted at parth@techie-buzz.com.
 
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