Apple’s Stock Hits 0.5 iPhones

If there is doubt that Apple is growing fast, then the little tidbit about their stock doubling in six months should be mentioned. It’s true. I recall back in June, prior to the iPhone launch, contemplating purchasing some stock because it was obvious that it would go up. I am not sure if anyone thought it would jump from $100 to $200 though.

Of course, I wasn’t alone in considering the purchase of some stock, so perhaps we should go kick ourselves in sync. That might make us feel better.

Nah.

Perhaps more significant than the staggering value is the rate at which Apple has reversed its fortunes. Shares are up more than 10x from where they were trading in mid-2003, when the iPod was just starting to get hot and the PC market was still dominated by the likes of Dell and HP. Since then, Apple has been able to leverage its hot brand to improve sales across the board, with sales of Macs rising 34 percent in the most recent quarter.

Source: Mashable