Apple’s stock opened this morning at $400, and it is currently trading slightly over that mark, at roughly $403. Fueled by some incredible earnings for its 3rd financial quarter and the rumors of an iPhone 5 and iPad 3, Apple’s stock value has never been this high.
With a current market capitalization (number of shares x value of share) of $373 billion, Apple is the second largest corporation in the world, right behind Exxon Mobile, whose market cap is currently at $416 billion…
Should Apple stock grow to $450/share, and assuming that Exxon stock will stay flat, Apple will soon become the largest corporation in the world in terms of market capitalization.
If you’re like me and you own a few Apple stocks, these numbers will definitely make you smile. If you don’t own any Apple stocks yet, I don’t think it’s too late, but I understand that the entry price could turn you off.
Here’s to the $450/share mark!