Thursday, February 9, 2012

Apple's One Day Move Eclipses Market Cap of Many Tech Companies Combined (NASDAQ: AAPL)

Apple, Inc (NASDAQ: AAPL) Eclipse
Shares of Apple are up 22% this year alone. The stock ended the day at $493.17, up $16.49 or 3.46%. The market cap, at $459.82B, is worth more than  Google (NASDAQ: GOOG), Goldman Sachs (NYSE: GS), GM (NYSE: GM) , Ford (NYSE: F), Starbucks (NASDAQ: SBUX), and Boeing (NYSE: BA) combined. Furthermore, the company's market cap is 52 times greater than that of RIM (NASDAQ: RIMM). Some of the top investment firms have declared they have sold some of their position in AAPL because it is starting to take up too much percentage of their investment assets.

Just today alone, the stock added $18 Billion in market cap at one point today. That is more than Riverbed, Polycam, etc. combined. The stock is making major moves and this company is now the largest in terms of market cap on the S&P 500.

There is an Apple event declared for the first week of March. Speculation is that there is going to be a product lunch or perhaps a dividend declaration. The typical pattern is that the stock ramps up into a product launch and pulls back afterwards.

About Apple Inc:

Apple Inc. (Apple) along with its subsidiaries is engaged in designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It also sells and delivers digital content and applications through the iTunes Store, App Store, iBookstore, and Mac App Store.The Company sells to consumers, small and mid-sized businesses (SMB), and education, enterprise and government customers. During the year ended November 24, 2011, the Company, as part of a consortium, acquired Nortel Networks Corporation’s patent portfolio.

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