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Apple became the most valuable company in US history
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.
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%.
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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