Apple’s Stock Breaks $500 Mark For First Time

| Apple Stock Watch

Shares of Apple’s stock, which trade under AAPL on Nasdaq, broke the US$500 mark for the first time in the company’s history during Monday morning trading. A CNBC article noted that Apple is now halfway to a $1 trillion valuation, which will be the first ever.

Apple’s valuation is currently around $460 billion, more than Google and Microsoft combined, and it will hit $500 billion at the $537 share price. CNBC said that ExxonMobil hit that mark in 2007, and during the tech bubble, Intel, Cisco, and GE all reached it, with Microsoft topping out at $650 billion in 2000. Many tech companies, except Apple, have sharply declined since then.

Apple’s stock hit a high of $503.83 in morning trading and dropped down to $499.81 at the time this article was published.

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1 Comments

Lee Dronick

Well, considering what I first paid for my AAPL I can say that I am pleased.

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