Apple Now Worth Over Half a Trillion Dollars

Apple Now Worth Over Half a Trillion Dollars

The moment has finally arrived: Apple, the world’s most valuable company, is now worth over $500 billion, with a share price of over $541 at the time of this writing. Even better, with the impending release of the iPad 3, and a new iPhone and new Macs set to be released this year, the stock doesn’t really have anywhere to go but up.

Many analysts are estimating extremely strong growth for the company, with Gene Munster of Piper Jaffray placing his yearly target for the company at $670. It’s a pretty exciting time to be an AAPL shareholder! How long will it be before Apple becomes the world’s first trillion dollar company? At this rate, it will happen sooner rather than later.

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