The financial news for Apple just keeps getting better every day. Today shares of Apple closed at a record price of $122.02 (up 1.09 percent), giving the Cupertino company a market capitalization of more than $710 billion (numbers from Apple’s iPhone Stocks app)
Just to give you an idea of how big that news is, Apple is the first US company to record a valuation of over $700 billion. By comparison, here are the market caps for some other companies you may have heard of:
Google: $365.2 billion
Microsoft: $349.5 billion
Exxon Mobil: $382.3 billion
Amazon: $173.2 billion
AT&T: $180.8 billion
The news comes after Apple CEO Tim Cook spoke at the Goldman Sachs Tech conference this afternoon, saying that:
“We don’t believe in such laws as laws of large numbers. This is sort of an old dogma that was cooked up by somebody. Steve (Jobs) did a lot of things for us over many years but one of the things he ingrained in us is that putting limits on your thinking is never good.”
