It's been a quite remarkable run by Apple (AAPL) - the most "teflon" stock in the market today. Considering that Apple might only be around due to a $150M investment by Microsoft (MSFT) in 1997... well, what can you say? On Wednesday, it passed Microsoft in terms of market capitalization to slide into the #2 spot amongst US-based companies. (It passed Walmart (WMT) not 3 months ago) All that is left is to surpass Exxon Mobil (XOM) and the crown goes to Steve Jobs. One wonders where it ultimately tops out. The growth is still there; the stock has doubled in the past 52 weeks. A doubling in value from current levels takes it over $450B market cap range.
- Since September 16, 1997, when Jobs returned as CEO and Apple shares traded at $5.49 per share, the stock has surged 4,346% and now trades at $244.11 per share. Over the last five years, Apple's stock has grown about 600% while Microsoft's managed a modest 5% growth. (Click to enlarge)
Market capitalization is calculated by multiplying the share price times the number of outstanding shares. It is often used as a public metric of a company's overall net worth.
Disclosure: No positions
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