McApata: 21st Century Informania Arena

Apple Inc., the maker of iPhone and Mac computers has become the first company to cross the $800 billion market value threshold after a rise in stock price early in the week. Considered the world’s most valuable company, Apple shares on the Nasdaq exchange rose in midday trading Monday to a high of $153.70 per share. Multiplied by 5.21 billion outstanding shares, the company’s value was briefly above $800 billion. At the close of trading, Apple stood at $153.01 per share, or a market capitalisation of $797.7 billion. Apple’s 2.7 percent increase on Monday came after a positive research note from Brian White of the investment firm Drexel Hamilton, which suggested an eventual price target of $185 to $202 per share for Apple stock. If the stock price increases to $202, Apple would cross the trillion-dollar threshold. White said the valuation “has been depressed for years as investors grew concerned that Apple would fall victim to the missteps of consumer electro...