Stock price of Apple has reached great heights lately; also the share of the
company has closed trading to a new price of $124.88. The stock market and the
success in its trading price has given Apple another massive market cap of more
about $710 billion, that actually made Apple once again the most valuable
single run American company which was just one day after which it got through
the $700 billion of barrier, that too for the first time.
On the other hand, on Wednesday the closing value was really remarkable
much for another reason which is actually none other than that the total market
cap of Apple has now become much more than that of the combined market caps for Google and Microsoft.
You would be
wondering if it’s true or not, but folks, it is true, you actually read it
correctly, if you add the Google’s market cap which is about $365.46 billion
with the market cap of Microsoft which is another $349.89 billion, we will end up in
$715.35 billion, which is probably about $1 billion less than that of the
market cap of Apple by the end of trading this Wednesday.
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To get
suggestions from more points of view, we can also consider that if only two
other such tech-related companies namely Verizon and Facebook which have market caps of over $200 billion is also smaller
in comparison to that of Apple. Moreover, as informed by Benzinga the activist investor,
none other than Carl Icahn thinks that Apple could have easily traded for about
$216 per share currently, which would be actually more than enough to just put
it over about $1 trillion market cap limit.
