“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.
BOOM!
Keep going.
Worth noting Microsoft did this in the dotcom bubble with a P/E ratio of over 70.
and AAPL is doing this with a P/E of like 18 ?? that’s just nuts
it’s sooo craaaaaaa-zeeee! (holding hands over ears per Edvard Munch’s “The Scream.”)
tends to get lost in the fog of war, but AMZN’s p/e is at 140.
I have to ask…and Dell is where?
@ 1/20+ of AAPL
Borrowing from ChrissyOne citing 300:
Tonight, we dine in hell; twice!
But down $10 from there now. Good time to buy, it will soon be back up. $1001 here we go.
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.
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.
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.
My lowly seven shares smile at the news of its increased worth.