Apple Set to Break Market Cap Record
Ryan Simmons / 3 years ago
Apple is set to break their all-time record for market capitalisation.
Apple’s stock hit the $111.25 mark at the closing bell on Wednesday, with total market cap at $652 billion, edging closely to its September 2012 record of $658 billion. Apple’s crazy stock price went on a seemingly unstoppable climb in the years preceding the tragic death of it’s co-founder and CEO Steve Jobs in October 2011.
Uncertainty over Tim Cook’s leadership and Apple’s ability to produce new products lead to the fluctuation of the stock price in the years since, but the unparralled success of the iPhone 6 and 6 Plus in September, with sales reaching 39 million units, has evidently restored investors faith in the company. Chances are by the time you’re reading this, the record has already been broken.