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

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

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.

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