apple stock

Apple Remains World’s Most Valuable Company, Stock Closes Above $500 for the First Time Ever

Posted in Apple, News on 13/02/2012 by J. Glenn Künzler

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Apple’s stock closed above $500 today after reaching the milestone earlier in mid-day trading. This marks a significant moment in Apple’s history, and raises serious excitement about just how high the stock may go.

At $502.60 per share, and with a market cap of nearly $469 billion, Apple remains the most valuable company in the world, nearly $70 billion ahead of their nearest competitor, Exxon Mobil.

With the impending release of the iPad 3, new MacBook Pros rumored for later this year, a new iPhone in the summer or fall, and nearly all of their product lines due for a refresh, how long will it be before they reach $600 per share? I wouldn’t be surprised to see it before the end of the year.



J. Glenn Künzler

Author

J. Glenn Künzler

Glenn is Managing Editor at MacTrast, and has been using a Mac since he bought his first MacBook Pro in 2006. Now he's up to his neck in Apple, and owns an old iBook, a 2012 iMac with an extra Thunderbolt display for good measure, a 4th-generation iPad, an iPad mini, 2 iPhones, and a Mac Mini that lives at the neighbor's house. He lives in a small town in Utah, enjoys bacon more than you can possibly imagine, and is severely addicted to pie.