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.