(Chart courtesy of CNN Money)
Speaking of the sky being the limit, Apple’s finances reached a new milestone today. It opened for trading today at over 0 a share, rising 25% since late August, and a whopping 42% since the start of the year.
Earlier this year, Apple surged past 0 billion in market capitalization in March, and then blew by Wal-Mart in the same category, only days later. Then in April, Apple’s stock went by 0 a share for the first time, and then in May, Apple surpassed Microsoft and became the second-largest U.S. company by market capitalization, only lagging behind Exxon Mobil.
Since then, Apple has now expanded its hold on market capitalization over Microsoft by almost billion, but hasn’t quite been able to catch up to Exxon Mobil as that company has also done fairly well over the past few months.
Apple’s due up to release their June-September quarter earnings next Monday, and some observers are thinking that Cupertino could hit billion in quarterly revenue for the first time ever, and could also blow by Microsoft in revenue for the first time in fifteen years.
As of the time of this writing, Apple’s share price was at 8.86 in after hours trading.