Apple Share Price Is Above $400

Posted: Jul 26 2011, 10:32am CDT | by , in News | Apple

Apple Share Price is above $400

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Apple Stock is on a roll.

Yesterday the Apple Stock only briefly jumped over the $400 mark, but today it is well over it. The Apple Stock is currently trading at $403.86 resulting in a market cap of $374.38 billion.

The Apple shares already gained before Apple announced their last record quarter, but now they continue to rise. Why? The outlook has a lot of fantasy in it. Apple is set to launch iOS 5 and the iPhone 5 this fall. It is almost a safe bet to predict another record holiday quarter for Apple.

Right now Apple is the world's largest smartphone maker. On July 29 we will know if Samsung is topping Apple or not. On that day Samsung is releasing their quarterly earnings.

Exxon Mobil is still the most valuable company with a market cap of over $417 billion. I can see though Apple become the world's largest public traded company this fall.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
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