Apple Becomes the First $700 Billion Company in the U.S.

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Posted February 10, 2015 at 9:50pm by Shalom Levytam

Apple has just become the first $700 billion company in the U.S. The company's shares closed up at $122.02 today, giving it a market cap of $ 710.736B, according to Yahoo Finance.

It had crossed $700 billion during intraday trading in the past but never managed close above that level until today.

Apple CEO Tim Cook was congratulated on the achievement during a live audio stream from the Goldman Sachs Technology and Internet Conference.

The company's stock has soared since it announced Q4 2014 earnings. It posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share.

Take a look at the chart below for more details....

Apple Becomes the First $700 Billion Company in the U.S.

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Comments (15)

Comments are closed for this article.

juggalorazzam - February 11, 2015 at 9:54pm

Congrats Apple! I remember when they took on Goliath Microsoft. Started from a couple guys in a garage in America. In mid 1990's almost bankrupt & now #1. It's an American rags to riches, brink to comeback success story. I've been using Apple products since 2007 myself - still loving my Macmini & iphone 5S. (I started with Amiga ) ---

AEB - February 11, 2015 at 6:02pm

OK..now kindly please use that 33% profit for improving the iOS (platform of Apple Devices); well at least make it productively stable ..."Pay it forward", to us consumers, with less greed please..AND that will really define Apple standard..Hoping to make our world better and humans, just a little more happier, at least.

gamerscul9870 - February 11, 2015 at 8:55pm

Cough, ios 9 rumor, cough

AEB - February 12, 2015 at 11:40am

..eh wishful thinking?.."rumor"...stability should have been implemented from the 1st or 2nd updates of iOS 8...now we're counting blind.. 8.2 / 8.3 - 8.5, and so on...Duh, iOS 9.x.x.x (it's easy to say than done, now prove it - iOS 9.0.0.0.0

gamerscul9870 - February 12, 2015 at 11:58am

yes, that's why he said RUMORS!

lemon4611 - February 11, 2015 at 6:54am

While some criticize Apple, many see the value in buying Apple stock.

Ran - February 11, 2015 at 12:15am

Do people not realise its via market cap? They don't have $700b in their accounts... rather the amount in stock on rotation times the value of the share...

Anonymous - February 11, 2015 at 12:11am

I hope this would be a reason for apple to lower the price of their next iproducts.

Eric Saferstein - February 10, 2015 at 11:29pm

Funny how a tech company could be worth over 700 billion and its CEO is still not allowed to warn people that LEGITIMATE emergency evacuation orders for large, confined crowds (stadiums, ballparks, etc.) do NOT come from their personal cell phones. All the money in the world can't buy situational awareness.

townboy - February 10, 2015 at 11:00pm

Apple should consider sharing more of its success with the community or lower product prices. What do you think, Tim Cook?

Nitro Junkie - February 11, 2015 at 2:20am

It's funny how everybody these days wants a free handout. If you want a part of that 700 billion you buy their stock. Simple as that.

Headbanger - February 10, 2015 at 10:43pm

And the products are starting to work less efficiently every release

gamerscul9870 - February 11, 2015 at 12:25am

iOS 9 is said to have a huge focus on stability than ever.