Apple’s Market Capitalization Hits $600B  
By on April 10th, 2012

Just last week we reported that Apple’s share price had exceeded Google’s for the first time ever. In fact, this morning AAPL is trading about $8 higher than GOOG. Today, Apple’s share price has continued its amazing growth by moving up another 1% to briefly hit a market capitalization of $600 billion. This new milestone comes just under six weeks after hitting $500 billion. AAPL is now up nearly 60% since the beginning of the year.

In fact, the $600 billion market cap is nowhere near what analysts are expecting the company’s market cap to reach. Analysts think that Apple is on its way to a trillion dollar market capitalization over the next year or so, which would be the first company to ever do so.

Also, Apple is now just within a few billion dollars of taking Microsoft’s title of most valuable publicly-traded company ever. In December of 1999, Microsoft’s market cap was $604 billion, but when adjusted for inflation, it would be worth over $800 billion in today’s dollars.

Tags: ,
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.
 
Copyright 2006-2012 Techie Buzz. All Rights Reserved. Our content may not be reproduced on other websites. Content Delivery by MaxCDN