The Wall Street Journal just released a very interesting report about Apple! According to the WSJ, the Cupertino company is now the worth USD$700 billion!
Apple stands as the biggest company on this planet and some of these facts will show you just how big this tech giant has gotten.
Apple is close to breaking its forth record.
Since December 1980, Apple’s market value has risen over 50,000%
Share price of the tech giant has increased by 23,100%!
Apple is now 1.78 times bigger than Microsoft and 1.75 times larger than Exxon. Both companies were 26 times and 13 times bigger respectively than Apple back in 2000.
Apple became larger than Exxon Mobile in 2011. Exxon was previously the largest company in the world. Apple has held on to the title since then.
Apple is bigger than the combo of Google, Samsung, HTC, BlackBerry, Lenovo, HP, Cirrus Logis, Sandisk, Sony, Pandora Media and Broadcom. That makes Apple bigger than its seven top competitors combined together!
The tech tycoon has bought back more than 10% of its stock since September 2012 dropping the shares from 6,574 million shares to 5,864 million shares.
The stock’s average annual growth rate over the past five years is about 32%. If the stock continues to grow at this pace, the company will be worth a $1 trillion by early 2016.
Since Tim Cook became CEO back in August 2011, the company’s market value has risen by a 100%. The share price has risen by 122%!
Apple is up 27% in the market since its 7-for-1 stock split in June this year.
Month-to-date, it is up 10.5%, making this month its best month since July 2013. Year-to-date, it is up 49%, on pace to be its highest annual percentage gain since 2010.
Source: Wall Street Journal