Apple’s share price has risen dramatically by $90 billion since Steve Jobs’ passing, or to put that in perspective, nearly one Facebook, Fortune reports. Before his passing, Apple’s share market capital stood at $347 billion – it is now at an estimated $437 billion.
Furthermore, to say that Facebook is an overvalued stock is an understatement, so in reality, on earnings from October to now alone, Apple could have purchased Facebook outright. That’s a pretty incredible statistic, and it just shows how far ahead Apple are in terms of earnings and share price compared to the other big companies.
These figures stand to prove many people wrong – many believed that Apple’s share price would go down after Steve Jobs’ passing. In reality, over the months that followed, it did just the opposite.