Apple the FBI and a $500 share price

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Update 21.40 GMT 13 February

Apple shares close at over $500 in fact at $502.60.

 

 

 

 

 

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Update 12.40pm EST 18.40 GMT 13 February

For the third time today Apple’s share price reached $500 and we just managed to catch it for posterity! It opened at $499.53 and in pre-trading went over $500. We shall now wait to see if it closes over the magic number – our guess is that it will!

 

 

The FBI  have just released their file  on Steve Jobs with the following statement:

“Steven Paul Jobs (1955-2011) was a founder and leader of Apple Inc. (formerly Apple Computer Inc.). In 1991, Jobs was considered for an appointed position on the U.S. President’s Export Council. This release consists of the FBI’s 1991 background investigation of Jobs for that position and a 1985 investigation of a bomb threat against Apple”

Whilst fairly heavily redacted (understandably re names in particular) it makes for interesting reading and seems to tie in to Isaacson’s biography. His unavailability for interview (page 38 {page 13 of the 2nd pdf}) amused us!

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The share price reached nearly $500 yesterday and some say it may get to $1,500

The move yesterday of $16.49 increased its market capitalisation by about $15.4bn which in real money is just under £10bn which equates to the total market capitalisation of the WPP Group the 39th largest constituent company  of the FTSE 100.

The WSJ points out that its total capitalisation at $460bn now exceeds that of Google and Microsoft combined!

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