Apple hits $644 a share

Stat of the day: $600bn. Fancy pocketing Apple? You'll have to have very deep pockets. The world's most valuable company is now worth $600bn.

by Rebecca Burn-Callander
Last Updated: 09 Oct 2013

Yesterday saw the technology giant's share price soar to $644 per share. That's £405 to us Brits. It's an exciting development for the company, given that Apple only passed the £500bn mark in February. The stock's value has increased by whopping 60% since the start of this year. 

The only other company to have ever hit this illustrious $600bn valuation mark is Microsoft at the height of the dotcom bubble in 1999. Today, it's worth under half of that at $260bn. Could the same thing happen to Apple?

Well, at present, Apple's star in still in the ascension. It has $65bn in cash stowed in the coffers and is issuing its first dividend. A report from Gartner, out today, claims that Apple will remain the premier tablet maker for the next four years. And rival firm Sony has just reported a £4bn loss. Not a bad week for new boss Tim Cook.

But it's worth noting that the $644 dollar peak only held out for a short while yesterday. It is now back down to $628 on the Nasdaq (as of 10.30am GMT). But it won't stay down for long. MT would bet its bottom dollar that within the next three months we'll see a $700bn valuation. After that, it's anyone's guess. Perhaps Apple will disprove the old adage: 'What goes up must come down.' An anti-gravity Apple, if you will.

Newton will be turning in his grave...

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Is it okay to spy on my staff if I think they're slacking ...

Everything you wanted to know about employee surveillance but were afraid to ask.

The psychology of remote working

In depth: The lockdown has proven that we can make working from home work, but...

A simple cure for impostor syndrome

Opinion: It's time to stop hero-worshipping and start figuring out what greatness looks like to...

I was hired to fix Uber’s toxic culture - and I did. Here’s ...

Harvard’s Frances Frei reveals how you know when your values have gone rotten, and what...

Social responsibility may no longer be a choice

Editorial: Having securitised businesses’ loans and paid their wage bills, it’s not inconceivable the government...

What went wrong at Wirecard

And how to stop it happening to you.