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Apple’s Stock Keeps Rising, Now No. 3 U.S. Company

Fortune reports:

“On March 9, a few days after the company announced the iPad’s ship date, Apple’s market capitalization (share price times shares outstanding) was $198.5 billion, making it one of the five most valuable U.S. companies, right below Wal-Mart (WMT) and ahead of Berkshire Hathaway (BRK-A).

On Friday March 12, the day Apple began taking pre-orders for the iPad, its market cap hit $205.48 making it, briefly, the No. 3 U.S. company ahead of Wal-Mart — a position it held for just one trading day.

On Tuesday March 30, following a report that it was building an iPhone for Verizon, its stock rose 1.5% to $235.85, its market cap hit $213.9 billion, and it overtook Wal-Mart once again to begin closing in on No. 2 Microsoft”

Let’s see what happens on April 3rd.

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Federico is the founder and Editor-in-Chief of MacStories, where he writes about Apple with a focus on apps, developers, iPad, and iOS productivity. He founded MacStories in April 2009 and has been writing about Apple since. Federico is also the co-host of AppStories, a weekly podcast exploring the world of apps, Unwind, a fun exploration of media and more, and NPC: Next Portable Console, a show about portable gaming and the handheld revolution.

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