Apple became the most valuable company in US history

Feb

11

2015

Apple was the first company whose market capitalization at the close of trading exceeded $ 700 billion, and thereby confirmed its title of most expensive companies in the world. This was reported by MarketWatch, citing data from the stock exchange Nasdaq.

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At the close of trading on Tuesday, February 10 iPhone maker’s share price was $ 122.02. This allows us to estimate its market capitalization of $ 710.7 billion. Until now, no one US public company failed to break the mark of $ 700 billion capitalization.

Apple capitalization exceeded twice the capitalization of Microsoft’s $ 347.5 billion, the newspaper notes. In fact, the current valuation of the business giant California about twice as fast as Google, as 8 times – McDonald’s and 24 times – Twitter. Closest pursuer among the most expensive US corporations – the oil giant Exxon Mobil – estimated at $ 384 billion.

Since its initial public offering on the stock exchange Apple in December 1980 the market value of the company increased by more than 50 to 600%.

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Apple shows a positive trend on the stock exchange after the publication of reports on the results of the first quarter of 2014-2015, in which the company announced revenue growth of 29.5% – to $ 74.6 billion. The growth of the index contributed to record sales of smart phones iPhone at the end of October-December – 74.5 million units.

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In: Technology & Gadgets Asked By: [17586 Red Star Level]

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