“Apple has another accomplishment to brag about,” Evie Liu writes for Barron’s.
“Its stock closed at a record high $153.99 on Tuesday, giving Apple a stock market value of $802.88 billion,” Liu writes. “Apple becomes the first-ever U.S. company with a stock-market value over $800 billion.”
“Apple’s stock price is up 57,403% since its IPO in December 1980,” Liu writes. “Apple would need to close at $172.62, a 12.1% gain, to reach $900 billion. A share price of $191.80 would bring its market value to an even $1 trillion.”
Read more in the full article here.
MacDailyNews Take: Hitting the $1 trillion market cap mark is entirely feasible for Apple.
SEE ALSO:
Apple shares hit new all-time intraday and closing highs – May 9, 2017
Apple’s record $800+ billion market cap is now bigger than… – May 9, 2017
Analyst sees Apple’s market value at $1 trillion in a year – May 8, 2017
one of the handy things about having your share price at 57,403% of the IPO is that you don’t have to remember to add another 100% to figure out what the original price was – you’re only going to be off a little anyway!
So the original asking price of Apple stock at the time of the IPO is $57?