Apple at $300, next what?
Way back in early May 2007, the company first cleared $100 and was racing with $200 by the end of the year. Weaker-than-expected company forecasts pulled the shares down to earth before another surge briefly put the stock over $180 again.
After that Apple went down to the bottom with the rest of the market during the financial crisis, bottoming out $78.20 on January 20, 2009
Still Apple manages to defend the second-largest U.S. Company by market capitalization at $272.73 billion as of Tuesday’s close. Jobs & Co. still has a ways to go before they catch Exxon Mobil which tipped the scales at yesterday’s close at $329.44 billion
Apple’s latest charge higher took shares through $300 for the first time Wednesday, the latest milestone for the world’s largest tech company by market capitalization.