We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

AP Photo/Martin Meissner

Apple market value hits $600 billion

Apple is already the world’s most valuable company but today it became only the second company EVER to be valued at $600 billion.

APPLE, ALREADY THE world’s most valuable company, hit the $600 billion (€457 billion) level for the first time today.

Only one other company has been worth $600 billion —Apple’s old sparring partner Microsoft Corporation. It reached that valuation for thirteen trading days around the turn of the millennium, at the peak of the technology stock mania.

At its highest level on 30 December 1999, Microsoft’s valuation was $619 billion. It’s now worth $260 billion.

Apple shares hit $644 in morning trading, up 1.2 percent from Monday’s close.

Apple’s stock is up 59 per cent since the start of the year, as investors have started catching up with what analysts have been saying: despite its enormous market capitalisation, Apple’s stock has been undervalued in relation to its even bigger profits.

29 iPhone not-quite-Easter Eggs you might not have known about >

Five charged in case where boy sold kidney to buy iPhone and iPad >

Mac users urged to download software update after virus scare >

Associated Foreign Press
Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.