“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.