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Last month, Apple Inc.’s market capitalization zoomed above the $500 billion mark. The company’s stock reached the 52-week high at $548.21 a share, just two bucks shy of $550 a share and this is the immediate resistance level. With yesterday’s closing of $533.16 a share, this monster has market capitalization of $497.10 billion. Now everybody is talking about whether this company can become the world’s first trillion-dollar company.
Breaching the $500 billion dollar mark wasn’t that of a challenge actually considering quite a number of companies had done that before. Microsoft reached that milestone in December 1999 when it scored $615 billion, General Electric ($594 billion) in August 2000, Cisco Systems ($557 billion) in March 2000, ExxonMobil ($527 billion) in October 2007 and Intel ($502 billion) in August 2000. But none has cross the $1 trillion hurdle and it would an amazing sight to see Apple or any company as a matter of fact to reach it.
More info:-http://www.financetwitter.com/2012/03/how-much-is-500-billion-apples-total-value.html
Breaching the $500 billion dollar mark wasn’t that of a challenge actually considering quite a number of companies had done that before. Microsoft reached that milestone in December 1999 when it scored $615 billion, General Electric ($594 billion) in August 2000, Cisco Systems ($557 billion) in March 2000, ExxonMobil ($527 billion) in October 2007 and Intel ($502 billion) in August 2000. But none has cross the $1 trillion hurdle and it would an amazing sight to see Apple or any company as a matter of fact to reach it.
More info:-http://www.financetwitter.com/2012/03/how-much-is-500-billion-apples-total-value.html
