Apple’s stock soared to incredible new highs of nearly $500 today on iPad 3 speculation, raising their market cap to over $465 billion – greater than the value of Microsoft and Google combined!
By comparison, Microsoft’s cap sits near $257 billion, while Google’s sits at around $199 billion (at the time of this writing), with AAPL up over 4%. In addition to the iPad 3 rumors, the value is up significantly on recent reports of all-time record earnings reflecting the company’s best quarter ever ending December 31st.
Apple currently remains the most valuable company in the world, having exceeded Exxon’s value by over $60 billion. Woohoo! With the iPad 3 right around the corner, it’s only a matter of time before Apple’s stock exceeds $500 for the first time ever.