“Yesterday Apple stock broke out to an all time high. Based on the number of shares outstanding, this price calculates a market cap of $623.5 billion. Apple just beat the market cap record set by Microsoft on December 30, 1999 of $618.9 billion,” Arora writes. “It was not long ago that analysts were concerned about the law of large numbers. Now everyone has become oblivious to the concern. Apple mania is in full swing. Astute investors will enjoy the party but keep an eye on the exit.”
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