Apple stock broke the $500 milestone for the first time on Monday, extending the iPhone maker's lead as the world's most valuable company.
That's 17 percent higher than the value of its closest competitor, oil and gas corporation Exxon Mobil, and more than the combined worth of rivals Microsoft and Google.
Big increases in iPhone, iPad and Mac sales helped Apple generate record sales and profit for its first fiscal quarter ended December 31, 2011.
Multiple reports have suggested iPad 3 will release in March, and some have even claimed it will be followed by iPad 4 in October.
Comments
15 comments so far...
StonecoldMC on 14 Feb '12 said:
Truly truly incredible numbers
!!!
Congrats to Apple, what a turnaround!
thelazyone on 14 Feb '12 said:
Yeah was thinking about this the other day, Every other person I know has at least one apple device, regardless if its an mp3/pc//phone.. - thats shocking..
Bet its the same for most people..
Ryo_Hazuki4 on 14 Feb '12 said:
If you had bought £15k worth of shares in them in early 2003, you'd be a millionaire now. Shocking.
S-Smith on 14 Feb '12 said:
just buy your 'Apples' down the market they are cheaper lol
gmcb007 on 14 Feb '12 said:
http://c**tychoppalops.files.wordpress.com/2010/07/badum-tish.jpg?w=640
Congratulations! You are the winner of 'oldest joke of the week'!
TheLastDodo on 14 Feb '12 said:
With that sort of cash they could takeover the home console market whenever they felt like
.
Codename21 on 14 Feb '12 said:
Wow - those sorts of numbers conjure up images of wealthy executives sitting it seal leather chairs rubbing themselves all over with wads of filthy, filthy cash whilst smoking cigars and laughing manically (or is that just me?)
I own an iPad/iPhone and MacBook Air so I can make comments like that....
On an unrelated note; what was I reading about the so called 1% the other day...?
03b2wgm on 14 Feb '12 said:
They could, but I'm not sure that's something they're really considering.
Soviet1918 on 14 Feb '12 said:
Yes indeed where would Apple be without there chinese "treated 'inhumanely, like machines some committing suicide" workers ... Come on Apple help them out for christ sake.
KK-Headcharge78 on 14 Feb '12 said:
Sadly they ain't alone though, there are many many companies across the spectrum producing all manner of goods that the
West readily consume. I personally feel it falls upon the government of places like China to sort it out not primarily on the heads of private companies, though of course they should bear a level of responsibility.
laughing-gravy on 14 Feb '12 said:
They couldn't chuck a few quid my way could they?
G_R7 on 14 Feb '12 said:
I have more money than them.
rhyfel on 15 Feb '12 said:
apple are worth £296 billion only by turning a blind eye to inhuman working conditions in there "nothing more than sweat shop" factories, apple are rotten to the core, BAAA BAAA BAAA.
veato on 15 Feb '12 said:
Not just Apple then. Remember that the next time you pick up your PS3/Xbox pad.
ricflair on 15 Feb '12 said:
Mad. They're not the most profitable in the US though, so I'm never quite sure why the shares are worth so much. Apple don't even pay dividends!
Are some investors just as in awe of the brand as consumers are??? Or they think Apple's domination is going to continue to grow?