The increase in the market value of Apple stock over the past couple of years has been astonishing. Price gains this week have put Apple into the history books as the largest company in U.S. history as measured by market capitalization.
The previous record holder for market valuation was Microsoft which attained a market value of $616 billion in late 1999. Based on Monday’s peak intraday price of $674.88, Apple stock was valued at almost $675 billion. The higher a stock price goes, the more bullish investors seem to become. Will Apple stock eventually hit $1,000 or even $2,000 per share?
courtesy yahoo finance
The Big Picture has put together a list of companies that previously attained huge market capitalization and shows the change in market value based on current prices. The breathtaking declines from peak market cap values gives current and prospective Apple shareholders something to think about.
courtesy: the big picture
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