Shares of Apple Inc. (AAPL) rose $0.74, or 0.74%, to close at $101.32, a new all-time closing high. Apple’s previous all-time closing high stood at $100.58, set yesterday, August 21, 2014.
Apple today also set a new all-time intraday high of $101.47. Apple’s previous all-time intraday high was $101.09, set during trading on August 20, 2014.
Apple’s 52-week low stands at $63.89.
Apple, the world’s most valuable company, currently has a market value of $606.63 billion.
The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – $606.63
2. Exxon Mobil (XOM) – $420.07B
3. Google (GOOG) – $394.04B
4. Microsoft (MSFT) – $372.11B
5. Berkshire Hathaway (BRK-A) – $325.65B
Selected companies’ current market values:
• IBM (IBM) – $189.95B
• Intel (INTC) – $172.99B
• Disney (DIS) – $155.33B
• Amazon (AMZN) – $153.21B
• Cisco (CSCO) – $126.23B
• Hewlett-Packard (HPQ) – $68.89B
• Yahoo! (YHOO) – $37.80B
• Adobe (ADBE) – $35.83B
• Nokia (NOK) – $30.38B
• ARM Holdings (ARMH) – $22.26B
• Sirius XM (SIRI) – $20.28B
• Sony (SNE) – $19.68B
• BlackBerry (BBRY) – $5.16B
• Advanced Micro Devices (AMD) – $3.25B
• RealNetworks (RNWK) – $281.12M
AAPL quote via NASDAQ here.
Related articles:
Apple shares hit new all-time intraday and closing highs – August 21, 2014
Apple shares hit new all-time intraday and closing highs – August 20, 2014
Apple shares hit new all-time closing high – August 19, 2014
Still a far dry from MSFT’s peak. Enjoy the days in the Sun as what goes up in an inflationary way tends to tumble real quick at the first sign of trouble.
???
According to the Google data, MSFT peaked at the end of the dot-com boom (December 1999) at around $58 per share, making their market cap somewhere around $480B. Apple’s market cap exceeded $480 billion for the first time sometime in February 2012. After the decline of late 2012, it again reached MSFT’s all-time high about a year ago and kept climbing ever since.
Apple’s market capitalisation of today is about 30% higher than Microsoft was at its highers point during the dot-com craze.
In fact, Apple’s market capitalisation today is the highest ever for any publicly traded company in the world.
Apple is not the biggest or most valuable company in history—not by a longshot. That’s because the press is overlooking reality for the apparently irresistible pull of a headline that includes “Apple” and “record”—pageview gold.
Apple’s $622 billion market cap is a nominal record, which means “in name only,” or alternatively, not really. That’s because it’s a record only if you don’t adjust Microsoft’s 1999 market cap for inflation (ADDING: Microsoft doesn’t even hold the record, apparently. IBM in 1967 was worth at least $1.3 trillion in today’s money. I’ve updated my subhead to correct that MSFT’s isn’t a record. See my embarrassing correction below). Sorry, but you have to adjust any number like this that’s that old for inflation—it’s comparing apples to oranges not to do so.
It takes $1.38 in today’s dollars to equal the same value as one 1999 dollar. That means Microsoft’s peak market cap in 1999 was actually about $856 billion in constant dollars, $235 billion more than Apple’s current market cap.
Of these pieces, AllThingsD, the WSJ, Reuters, and Bloomberg don’t mention anywhere in their posts that Apple’s is a nominal record and that Microsoft’s inflation-adjusted record still stands.
The others at least nod to the truth (though I’m not sure if this is better or worse, since it shows they at least thought about the value of money), but typically bury it several paragraphs down and with wiggly language that shows them trying to justify their misleading thesis. For instance, USA Today in its sixth graph:
Some might even argue that Apple has a ways to go until it beats all the records. Microsoft’s 1999 high of $620.6 billion nearly 13 years ago would actually be worth $850 billion in inflation-adjusted dollars.
How can you know this and still write a lede that says, “Apple is now the most valuable company the world has ever seen”?
This is one of those unfortunate instances when the press desire for truth bumps into its need for news—and “records” make for better news than non-records.
Your math is a bit off; at the peak of MSFT, their market cap was around $477B. If you inflation index is correct (1.38), that would make it $659B in today’s dollars — just about 10% over current AAPL market cap; certainly not $850b.
And for IBM, its peak in the 60s took place on June 3 1968. At the time, market cap in ’68 dollars was $18.7B, which is in today’s dollars around $128B. Nowhere near MSFT, or AAPL.
I’m curious, where did you get your data? I got mine from Yahoo Finance’s historical charts (as well as the inflation calculator from the US Bureau of Statistics).
He’s pulling his data out of his ass. . . what ever it takes to denigrate Apple. He’s a Troll v.2.0.
G Hole @ work. How much you gettin’ paid SamBitch?
You are about to be trashed, JP. You may be right and I think you will be proven so if all we keep getting is ordinary updates, tweaks, and thinner from Apple for its gadgets – already confused among the hundreds on the shelves reaching out to the very fickle pop-culture market that is gone in a minute.
According to all surveys and reserach, Apple devices are the most desired, the most sought-after and the most recognised brand. No consumer is confused when it comes to Apple: they all want it. Those who can’t afford it (or cannot justify it to themselves or their wives) settle for one of the myriad devices on the shelves from the massive and confusing array of competitors. Can anyone even remember the “Droid” brand (sold by Verizon), advertised as “Racehorse-duct-taped-to-a-Scud-missile fast”? Gone in a minute thanks to the ficle pop-culture market… Apple’s iPhone, seven years later, remains the most coveted device on the planet. Everyone knows it, everyone wants it, those who have it are the most satisfied mobile users, those who don’t hope that one day they too will own it. AAPL may continue to grow, or the world economy may collapse again and drag everything down. But the iPhone remains the king in the mobile world.
There.
iPhone rules in America Home of the Pompous and Self Righteous. Android rules with 88% marketshare around the world and BTW, not that far behind Apple is the US. You must be a comedian?
I am not an American but I find it extremely arrogant to label a nation of over 300 million people. I don’t know where you live, but you clearly have no clue about America.
As for Apple / Android market share, for quite some time Android had higher numbers. For anyone who follows the industry, it is clear this means very little (much like BMW, Daimler-Benz, Audi and similar have significantly smaller market share than GM / Ford / Honda / Toyota / Hyundai / Kia). In case of Apple, regardless of the sheer number of crappy single-use Android phones beefing up the market-share numbers, iOS and the iPhone remain the most desired, the most respected, the most sought after and the most coveted brands out there. And as it looks, no amount of sub-$100 Android devices on the market can change that.
Don’t feed the trolls…
Wow. Just wow.
https://bgr.com/2014/08/22/opensignal-android-fragmentation-report/
Almost 19,000 distinct Android devices. I would hope they “ruled” market share.
So keep comparing that against the one company making iOS. Talk about being a comedian.
Gosh! What a lot of minutes keep going by.
Somebody missed the ride up.
So Apple is not doomed anymore ?
In the long run, we are all dead.
JM Keynes
4 in a row with more to go!
Wait . . . where’s that guy that keeps saying fire Tim Cook?