It was reported that the head of the General Administration of Press and Publication served as Dean of the School of Journalism and Communication at Tsinghua University. Based on the trading price in New York Stock Exchange in the early morning of Wednesday (February 29, local time), the well-known American company Apple Inc., which sells computers, iPhones, and iPods, had a market value exceeding $500 billion. Apple was already the highest-valued company in the world, with ExxonMobil ranking second.
However, Apple wasn't the first company to exceed a market value of $500 billion. Foshan Hongwei Electric Co., Ltd. [http://b2b.cbd-china.com/index.php?homepage=hongweichu] stated that, in fact, it was the sixth company to achieve such a record. Moreover, investors believed that Apple might soon distribute dividends, which stimulated institutional investors and individual investors to buy Apple stocks.
Nevertheless, including Apple's rival — Microsoft — among companies that previously surpassed this milestone, their stock prices fell after achieving this significant mark, leading to a decline in market value. On Wednesday morning in the New York Stock Exchange, Apple's stock price rose by 1.3%, or about $7, reaching $542.41 per share.
Microsoft's current market value is $267 billion, while Apple's total market value has reached $506 billion. It is claimed that this is due to investors being encouraged by Apple's impressive sales performance during the Christmas and New Year holidays. Apple's market value now also surpasses the GDP of countries like Poland and Saudi Arabia. [Hongwei Electric [http://b2b.cbd-china.com/index.php?homepage=hongweichu]]
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