“Apple stock is currently trading at its all-time highest levels, putting the company at its highest-ever market capitalization level of more than $659 billion Thursday morning,” Neil Hughes reports for AppleInsider.
“Shares of Apple had closed at $111.25 on Wednesday, which was also an all-time closing high,” Hughes reports. “The previous high was reached in September of 2012, when Apple’s total value was nearly $658 billion.”
“Thursday also marks the day that Apple will pay out a quarterly dividend of 47 cents per share,” Hughes reports. “The dividend will be awarded to shareholders of record as of market closing on Monday, Nov. 10.”
Read more in the full article here.
Already did! $663B
$700 billion coming soon!
1 trillion isn’t too far away.
Haven’t you ever heard the law of large numbers? Like the sound barrier, it can’t be broken. Oh, wait…
~$114.29 would be $800 pre-split. Not bad, I think 😉
I miss the Dell comparisons.
MDN should at least post his picture.
Just goes to show you what happens when the analysts are on holidays.
“People who say it cannot be done should not interrupt those who are doing it.”
Good one.
Next stop will be to break Microsoft’s all-time market cap record which would take away Bill Gates bragging rights.
That’d be so sweet! Steve’s revenge from the grave >:-)
Interesting article on big companies from a couple of years ago when AAPL set the record. http://www.fool.com/investing/general/2012/08/22/a-history-of-ridiculously-big-companies.aspx
Since market cap = share price x shares outstanding, Apple hasn’t actually broken its all-time market cap yet. As Forbes has noted, when the stock was at $702.10 it had more shares outstanding than it does now — a LOT more. So in fact the record is $665B or so.
I’m not worried about the record being beaten, perhaps as early as tomorrow, but it concerns me that so many sites can’t do basic math.