Setting records for Apple’s stock is not new. In 2012, it passed Microsoft’s old record of $616.3 billion market capitalization set in 1999.
Last month, it was the first stock to ever trade above $700 billion market cap, and the above visualization drives home the stark contrast between AAPL and all other S&P 500 mainstays. The horizontal axis shows the YTD performance of S&P 500 stocks coloured by sector, and the vertical axis shows market cap.
Dan Loeb's Third Point returned 11% in its flagship Offshore Fund and 13.2% in its Ultra Fund for the first quarter. For April, the Offshore Fund was up 1.7%, while the Ultra Fund gained 2.3%. The S&P 500 was up 6.2% for the first quarter, while the MSCI World Index gained 5%. Q1 2021 hedge Read More
Visualizing Apple’s Record Setting Market Capitalization
Infographic source: Finviz