Could buy Greece 600 times over
Apple’s shares hit $644 on Tuesday, dragging the tech giant’s market capitalization over $600 billion for the first time in history.
At the height of its power, Microsoft was valued at $619 billion, but it is now worth just over a quarter of a trillion, plus change. However, adjusted for inflation, Microsoft’s record still stands.
Analysts believe the fruity cargo cult stands a good chance of beating the record and becoming the world’s first trillion dollar company. With no end to the Apple hype in sight, some are predicting that the company’s shares will hit $1,000 in two years.