Apple now accounts for 10% of Nasdaq’s index value

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This just keeps getting higher and higher. Photo: Rob LeFebvre/Cult of Mac
Photo: Rob LeFebvre/Cult of Mac

The Nasdaq has been flirting with busting past the 5000 mark for days now, but investors are blaming one stock on holding it back: AAPL.

Apple shares have ballooned to their highest value ever over the past month. After weeks of growth, the stock’s performance has been flattish the last few days, which is a big problem for Wall Street because Apple now accounts for 10% of the Nasdaq’s index value.

Apple’s massive cash hoard makes it richer than 141 countries

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All hail the Apple Empire.

It’s hard to truly understand Apple’s astronomical size until you put things into context. With $178 billion in cash as of last quarter, you can start easily comparing the company to the gross domestic product (GDP) of large countries.

In fact, Apple would be the world’s 55th richest country right now, according to the latest data from World Bank.

Carl Icahn says Apple shares should be worth nearly double

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This just keeps getting higher and higher. Photo: Rob LeFebvre/Cult of Mac
Photo: Rob LeFebvre/Cult of Mac

Shares of Apple stock closed at an all-time high today of $124.88, bringing the company’s marketcap to a staggering 711.59 billion. Tim Cook couldn’t be happier with his company’s performance, but according to famous billionaire investor Carl Icahn, Apple’s stock should really be worth double.

In a letter posted to his Twitter followers, Carl Icahn said his firm has increased AAPL’s forecasted earnings per share in 2015 and believe the market should value Apple at $216. That’s not a price target. That’s what Ichan thinks they should be worth today.

According to Carl, the rest of the market still hasn’t caught on because they’re giving the company a significantly discounted multiple on its P/E ratio compared to the S&P 500.

$700 billion and counting! Apple is world’s biggest company ever

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This just keeps getting higher and higher. Photo: Rob LeFebvre/Cult of Mac
Photo: Rob LeFebvre/Cult of Mac

Boom! That’s the sound of AAPL stock hitting yet another all-time high Tuesday, making Apple the first $700 billion company in history.

Microsoft made history in 2000 when it became the first company to close at $600 billion, so this feat must make Tim Cook and the entire Apple team incredibly proud.

Mega-investor Carl Icahn calls buying AAPL a ‘no-brainer’

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Carl Icahn is coo-coo for AAPL.
Carl Icahn is coo-coo for AAPL.
Photo: Forbes

Apple just had a killer quarter. In fact, it was the most profitable quarter for any company in history. As such, Apple stock is up 5 percent since Wednesday trading.

But has Apple peaked? Not according to legendary investor Carl Icahn, who recently told CNBC that he was not only raising his own Apple stock price target, but called buying AAPL a “no-brainer.”