Valued less than Toshiba in 2004, Apple today has a market capitalization of US$700-billion, as shares hit a record high close yesterday.
Toshiba shares could soon be relatively worthless, as they may have to declare bankruptcy.
Apple’s latest surge comes on speculation that the ten-year anniversary for the iPhone will be another smash hit when released later this year.
Apple shares hit a record high close yesterday of $133.29, eclipsing the old high set a year ago.
The company’s value is now $120-billion ahead of Google parent Alphabet and worth more than JP Morgan Chase and Exxon combined.
Yet analysts are continuing to call for even higher prices ahead, wagering that the new iPhone 8 will take revenues to even loftier levels.
And if U.S. tax laws change, Apple might be able to bring back offshore cash of US$230-billion, and increase shareholder value even more.