Electronic
gadget maker and tech giant Apple's stock has reached unprecedented heights by pushing
the company's market capitalization to $456 billion. With this astounding valuation
Apple market value is far greater than the market cap of Google
and Microsoft combined.
Microsoft's
market cap was around $256.7 billion on Thursday close, while Google was pegged
somewhere at $198.9 billion. Apple's quarterly
results suggest that the company is in ship shape and it recorded its best
quarter ever, earning $13.06 billion on sales of 37 million iPhones, 15 million
iPads and 5.2 million Macs.
Apple
is also the most cash rich company of the world. Even the Federal Government of
the USA does not have cash levels to match the liquidity of Apple.
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