Apple surpasses $600 billion market cap milestone

“Defying the broader market decline, Apple (AAPL) traded near an all-time high, pushing its market cap across the $600 billion threshold,” JeeYeon Park reports for CNBC.

“The move comes only about a month after the tech giant reached the $500 billion mark,” Park reports. “The iPad maker’s shares need to stay above $643.53 to maintain the milestone.”

Park reports, “Microsoft was the only other company to ever hit the same level in December 1999.”

Read more in the full article here.

MacDailyNews Take: Apple did it amidst a deep and prolonged recession, not during the height of the dot-com bubble.


  1. B-U-B-B-L-E

    Enjoy it while it lasts as there is money to be made. However, just like musical chairs, don’t get caught without a seat when the music stops.

    1. A bubble? That’s funny. The music has stopped at least eight times for the past couple of years and Apple shareholders always have a comfy seat. It’s like each Apple shareholder is walking around with a chair strapped to their behind.

      Apple is down about $8 today and the contrarians will claim the bubble has burst for Apple. In a week, Apple will be up another $20 or so and the bubble boys will have to start their chant all over again.

      1. I own Apple stock and have since 2001. I sold some at $402 last year and bought a new car with the proceeds, but still have shares.

        There is a position between blind fanboi and skeptic. Apple is a well run company and it has been a wild ride, but it exists in a very troubled and fickle world. Some are playing on margin and could get b-slapped in a downdraft.

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