New York (NY) – Bloomberg is running an interesting story about how Apple’s market value has eclipsed Citigroup. Citigroup, a financial giant, used to be the fourth largest company (in terms of market cap) on the S&P 500 listing with a value of $274 billion at the end of 2006. The subprime mortgage market has since knocked Citigroup’s stock value down to $121.6 billion versus $129.3 billion for Apple.
Apple’s stock closed yesterday at $147.14 a share on the NASDAQ Exchange while Citigroup’s stock is at $23.36/share on the NYSE.
Read more … Bloomberg.