A week after unveiling a new version of its iPad tablet, the biggest company in the world got bigger.
Thursday morning, Apple’s stock crossed the $600 mark for the first time.
Indeed, the fast rise of the tech giant has been impressive. Apple’s market capitalizationballooned to $559 billion this morning from $76 billion back in December 2008, a 637 percent increase in about four years.
As the company continues what seems to be an unstoppable run, here is a look at the Apple phenomenon over the past decade.
- Shares of Apple hit a record $600.01 this morning
- Price target among 46 financial analysts: $595.13
- Market cap: $559 billion (largest in the Standard & Poor’s 500 index)
- Added $181 billion in market cap value so far this year
- Since December 2008, Apple’s market cap has grown by $483 billion
- Crossed the $500 billion market cap for the first time on Feb. 29
- Apple’s stock is up 46 percent year-to-date
Weighting in the S&P 500
- Apple has the largest weighting in the S&P 500 index, standing at 4 percent
- The S&P technology sector has a weighting of 21 percent
- Apple has a 19 percent weighting within the S&P technology sector
- In 2012, the tech sector is up about 19 percent. When Apple is removed, the gain drops to 14 percent.
- The company is responsible for 34 percent of the Nasdaq 100’s gains year-to-date
- First-quarter revenue grew by $19.6 billion to $46.3 billion (73 percent higher than the same period a year ago)
- Earnings per share increased by $7.44 to $13.87 (116 percent higher than the same period a year ago) — the consensus estimate was $10.08 per share
Key Intraday Milestones
- $100: April 26, 2007 — traded as high as $102.50
- $200: Dec. 14, 2007 — traded as high as $200
- $300: Oct. 13, 2010 — traded as high as $301.96
- $400: July 25, 2011 — traded as high as $400
- $500: Feb. 13, 2012 — traded as high as $503.83
- $600: March 15, 2012 — traded as high as $600.01