Apple Net worth $ 700 Billion – First company in US to reach milestone
Apple share reached a value of 122.02, highest ever in the history of Company. This is how Apple shared has moved in last five years :
Feb 2015 : 122.02
Feb 2014 : 76.57
Feb 2013 : 67.85
Feb 2012 : 70.49
Feb 2011 : 50.98
( Source : NASDAQ 7.59 PM, 10th Feb)
Closing value on Tuesday , 10th Feb , jumped the Apple Net worth to $710.7 billion, making it the first-ever U.S. company to close at over $700 billion. Thats almost double the next largest company on the list, Exxon Mobil ( $ 382 Bn ).
Tim Cook, Apple CEO stated ” We have extended the IOS not only to Mobile but also in customer day-to-day life, whether its Automobile or Home or Heath, covering all Critical aspects of life. ”
“We want one seamless kind of life. And so, I think that is huge for our future…We also did a lot of things to further our global footprint. And so, if you look at what we’ve done in China, we’ve opened more stores there. We’ve opened a lot more distribution there. Through the world, we’ve opened almost 20,000 new points of sale. We’ve opened 27 new Apple Stores, lot of flagship stores.”
But, what remains strength is, Business from Emerging Countries, Almost $ 50 Billion.
A quick look at how Market value is calculated ” Determined by multiplying Company’s Share Price against the number of shares outstanding “.