EconomyWritten by Havre On 20 August 2012
Apple Is Now The All-Time Most Valuable Stock

Apple (AAPL, NASDAQ, 52 week range 354.24 – 665.15) did it today! It became the most valuable stock ever to be traded. Apple shares ended the day over $665 per share, giving it a market capitalization of $623.52 billion.

This surpasses the old record that Microsoft (MSFT, NASDAQ, 52 week range 23.79 – 32.95) held when it reached a market capitalization of $618.9 billion on Dec. 30, 1999, at the height of the tech bubble when the NASDAQ was at about 5,000. Today, Microsoft’s market cap is $257.71 billion and the NASDAQ hovers around 3,000.

Ironically, that same day, the other much talked about stock, Facebook (FB, NASDAQ, 52 week range 18.75 – 45.00), traded at $19 per share, half of its original IPO price of $38 per share.

Apple shares have been chugging along the last few months as investors anticipate the launch of the new iPhone 5 and iPad models later this year.

About a year ago, Apple passed Exxon Mobil as the largest currently trade stock and now $200 billion separate the two. To make it even more evident Apple’s current value is about the same as IBM (IBM), Google (GOOG), Intel (INTC) and Hewlett-Packard (HPQ) combined.

A little history on Apple’s rise to the record:

May 30, 2007 – $100 billion

Jan. 3, 2011 – $300 billion

Aug. 10, 2011 – Beats Exxon’s $331 billion

Jan. 25, 2012 – $400 billion

Feb. 29, 2012 – $500 billion

Aug. 20, 2012 – New record $623.52 billion

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Havre

Randy Havre has a wealth of experience in the financial industry. In 1987, he established his own full-service stock brokerage firm, which was also registered with the SEC as an Investment Advisory Firm, managing money for the State of Hawaii’s pension fund, among other portfolios. In 1994, he started his first of three Hawaii based Venture Capital Funds. Additionally, he wrote a weekly stock column in the Pacific Business News for 21 years, taught Finance 315 Portfolio Management and Investment Strategies at the University of Hawaii for five years and is on KHON’s Morning News as a business/financial analysis twice weekly. Over the past nine years, Havre has been active in South America doing business development work for some of his portfolio companies, mentoring entrepreneurs and advising investors.

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