Valuable and powerful, today Apple was almost worth the combined value of its rivals, Google and Microsoft.
On the 19th of September, Apple stock soared to an all-time high of $413.23 per share on the NASDAQ stock exchange. It dipped slightly before the day’s close, ending up on $411.63: an amazing US$23 billion dollars more than former front runner Exxon.
According to SlashGear, Apple has a market capitalisation of $381.62 billion, up 3 per cent from the previous day. These days Microsoft trails Apple, with a cap of $227.97 billion, and co-rival Google at $176.51 billion. The figures point out that Apple is worth more than double Google, and almost the combined market capitalisation of Google and Microsoft combined.
It’s unsure what caused the sudden surge in Apple stock, but the hype of the up-coming iPhone 5 might have something to do with it, as rumours claim the 15th of October is the sacred launch date. There’s also hysteria surrounding the to-be-released iPhone 4 upgrade and Apple’s final golden master version of iOS 5.