Apple’s share price continues to rise on the Nasdaq stock exchange. Since spring 2019, Apple’s share has more than doubled its value and now it has crossed the $500 mark.
During Monday’s trading on the US Nasdaq Stock Exchange the stock traded at a maximum of $515.14, which is the highest listing so far in the company’s 44-year history.
This means that Apple’s market capitalization is now up to a staggering $2,178 billion, which is by far the highest value that any company has achieved.
By comparison, rivals Amazon and Microsoft are valued at $1,662 billion and $1,618 billion, respectively.
Google, on the other hand, is worth $1,080 billion, while Facebook is “only” valued at $770 billion.
According to a calculation by Kif Leswing on CNBC, Apple’s share has risen in value by more than 125,000 percent since the IPO on 12 December 1980.
From Apple’s stock split FAQ: “Apple went public on December 12, 1980 at $22.00 per share. The stock has split four times since the IPO so on a split-adjusted basis the IPO share price was $.39.” Apple’s at $489 today, a 125,285% increase since IPO https://t.co/7uXs7e62HN— kif (@kifleswing) August 21, 2020
Apple’s stock split will happen at the close of business on Friday 28 August and will start trading at the adjusted rate on Monday 31 August 2020.
If you want to know more about buying Apple stock read: How to buy Apple Shares and what you need to know first.
This article originally appeared on Macworld Sweden. Translation by Karen Haslam.