AAPL Reaches Record High
In anticipation of this afternoon’s FY 11 third quarter results announcement, Apple’s stock has hit an all-time high. Ringing in at $378 this morning, share price is currently floating upwards of $375. The company has scheduled its Q3 results conference call for 2 PM PDT/5 PM EDT this afternoon, and is expected to disclose significant earnings. With its market cap hovering increasingly closer to 350 billion, AAPL has exhibited impressive growth in recent weeks, and continues to dominate the technology sector in terms of market value.
Surpassing rival tech giant Microsoft with a market cap difference of over 115 billion, Apple’s market value is among the highest in US publicly traded companies, second only to Exxon Mobil (XOM) at 412B. With OS X Lion’s debut and rumored hardware releases on the horizon, AAPL’s future looks increasingly bright. While I’m about the furthest thing from a stock trader, even I know a fairly sure thing when I see one. Now if only I’d bought back in ’09…