7 Tweets That Put Apple's Record $700 Billion Value In Perspective
CUPERTINO (CBS SF) - Apple Inc. has hit a new benchmark for company value, closing the market $700 Billion market capitalization.
The Cupertino-based company had twice passed the mark during midday trading in the past, but became the first American company ever to close the day when they hit a $122.02 closing price Tuesday.
Twitter lit up with the news, with several people pointing out just how far things have come since 1976. Here are a few of the most head-spinning numbers:
Apple's now worth twice as much as when CEO Tim Cook took over for Steve Jobs in August of 2011.
As recently as 2013, the company was battling Exxon for title of the "Most Valuable Company," but Apple is now more than $300 billion in the lead.
