--- description: The news of its massive quarter has finally settled in title: Apple Just Passed a Massive Milestone image: https://static.time.com/v3/assets/bltea6093859af6183b/blt40306a9438765b73/698761e1cd684872fe097370/apple-store-logo.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [World](/section/world/) ## World Update your preferences in [Account Settings](/account/preferences/) Close * [Apple](/tag/apple/) ## Apple Update your preferences in [Account Settings](/account/preferences/) Close # Apple Just Passed a Massive Milestone by [Fortune](/author/fortune/) and [Philip Elmer-DeWitt](/author/philip-elmer-dewitt/) Oct 23, 2014 10:39 PM CUT  The Apple Inc. logo is displayed at the Upper West Side Apple store in New York, U.S., on Sunday, July 20, 2014\. Apple Inc. is expected to release earnings data on July 22\. Photographer: Michael Nagle/Bloomberg via Getty Images The Apple Inc. logo is displayed at the Upper West Side Apple store in New York, U.S., on Sunday, July 20, 2014\. Apple Inc. is expected to release earnings data on July 22\. Photographer: Michael Nagle/Bloomberg via Getty ImagesMichael Nagle—Bloomberg/Getty Images by [Fortune](/author/fortune/) and [Philip Elmer-DeWitt](/author/philip-elmer-dewitt/) Oct 23, 2014 10:39 PM CUT It took a few days, but Apple’s blow-out quarterly earnings report — driven by strong iPhone and Mac sales and bolstered by the largest stock repurchase program in the history of capitalism — has finally made its way through Wall Street’s algorithms and into Apple’s share price. The stock closed Thursday at $104.83, up 1.8% for the day, 7.2% for the week and 50% from April 2013, the cruelest month, when it dipped into the high 300s. Speculators who bought a lot of calls in September 2012, when Apple was approaching an intraday high of $705.07 ($100.72 post-split), will never get their money back. But investors who held on to their shares through the rout of 2012 and 2013 are back in the green. Apple is now not only the world’s most valuable public company, but it has left the nearest contenders in the dust. The top four market caps: Apple: $617.9 billion Exxon: $401.4 billion Microsoft $371.0 billion Google $369.0 billion ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3535499/apple-stock-price/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3535499/apple-stock-price/"},"headline":"Apple Just Passed a Massive Milestone","datePublished":"2014-10-23T22:39:45.000Z","dateModified":"2026-04-13T08:03:29.996Z","description":"The news of its massive quarter has finally settled in","url":"https://time.com/3535499/apple-stock-price/","keywords":["Apple","Tech","Companies"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt40306a9438765b73/698761e1cd684872fe097370/apple-store-logo.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Fortune","jobTitle":null,"url":"https://time.com/author/fortune/"},{"@type":"Person","name":"Philip Elmer-DeWitt","jobTitle":null,"url":"https://time.com/author/philip-elmer-dewitt/"}],"articleSection":"World","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt40306a9438765b73/698761e1cd684872fe097370/apple-store-logo.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Consumers Shop At An Apple Inc. 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