Is Apple at $600 Billion Here to Stay?

Editor's note: This article previously had the incorrect video embedded, and it has been updated. The Fool regrets the error.

The following video is part of our "Motley Fool Conversations" series, in which technology and media editor/analyst Andrew Tonner and consumer-goods editor and analyst Austin Smith discuss topics around the investing world.

The rise of Apple has been one of most documented, marveled, and widely watched stories in technology over the past five years. The company's swath of iDevices continue to further ingrain themselves in consumer's hearts and minds, which of course has driven Apple's stock to insane heights. Recently, the company, currently the largest public company in the world, eclipsed a market capitalization of $600 billion. Is this a sign of things to come or an unsustainable high point? See what our technology analyst has to say.

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Andrew Tonner and Austin Smith have no positions in the stocks mentioned above. The Motley Fool owns shares of Apple,, Google, and Microsoft. Motley Fool newsletter services recommend Apple,, Google, Microsoft, and Nokia. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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  • Report this Comment On April 15, 2012, at 8:28 PM, ConstableOdo wrote:

    Apple reached a market cap of $600 billion and stayed there for all of ten minutes. Right now, it's about $20 billion shy and no guarantee it's going to go any higher. Just because a few analysts are calling out big numbers for Apple, it doesn't mean all that much. Priceline certainly has a chance of reaching $1000 but not so likely for Apple.

    Priceline seems to be heavily institutional-owned and they'll cooperate to drive the price up higher and higher whether the revenue is there or not. With Apple, not so much. There's far more pressure to drive the stock down even if the revenue is there. Apple shares are news media-driven and too many analysts are giving false negative reports to keep Apple share volatility high.

  • Report this Comment On April 15, 2012, at 10:54 PM, cbglobal wrote:

    There are negative reports on Apple? Where? In what universe is that true?

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