Be careful what you want.
AAPL, + 5.28%
much to the delight of shareholders and fanboys everywhere, would soon be the first US company to achieve a 1 billion dollar valuation. A good result and a 5% push for the stock on Wednesday can give Apple the back stretch it needs to beat Amazon
AMZN, + 0.28%
to the high level.
However, globally, the 1
had a face melting debut in Shanghai. But the celebration did not last long as you can see with this chart.
Bloomberg estimated that the collapse, as it says is "the largest stockpile in world history," cost the shareholders about 800 billion dollars thanks to the government's attempt to limit the kind of speculation that led to the initial upturn.
Of course, similarities with Apple start quite a bit and end with that $ 1 billion valuation, although PetroChina's implosion in Shanghai is a reminder of the brutal and precise nature of the warehouse
At the last check, Apple danced in the record area with a profit of 5% to $ 200 per share, just a few dollars shorter than the $ 1 billion mark.
See also : The Apple Road to $ 1 Billion Accelerates When Consumers Show Up To Precious iPhones