Apple's Market Capitalization Hits $600 Billion

[AidenShaw]

I think you meant $630, not $530. It went down further today, closing around $610. I picked up some shares at $612 based on a fundamentals analysis that places the long term intrinsic value of the company at ~$670 per share. Operating cash flows have grown tremendously in the past four years but I caution that the stock fluctuates so closely to intrinsic value that this is NOT something I'd ever go "all in" (nor is hardly any company, for that matter) but worth using a very small fraction of your total portfolio to risk acquiring when underpriced.

You replied to a post from May, when AAPL was around $530.

 

[Anuba]

Wait, is this that company that was supposed to crumble when Steve Jobs was no longer around?

 

[AidenShaw]

Wait, is this that company that was supposed to crumble when Steve Jobs was no longer around?

It won't crumble for four more years - when the "five year product pipeline" is exhausted.