Cult of Mac> Zero Hedge
The value of Apple’s shares has reached 600 dollars today momentarily, a value that leaves everyone speechless knowing that only 57 days ago they were over 400 dollars and a month ago they were over 500.
The numbers become even more impressive if we broaden our view and compare the total value. And it turns out that Apple’s total value exceeds that of the US retail sector . In other words, the stock market value of all stores of all brands in the United States is lower than the stock market value of Apple. The graph shows the evolution of both values for almost five years.
Those of you who own Apple shares already have a reason to celebrate something today, and things don’t seem to be calming down: the new iPad comes out tomorrow and all indications are that we will again reach record sales with an 84% increase in demand for the tablet in the business world and a 100 euro discount on iPad 2.