Apple shares cross $500 mark
It is no secret that Apple shares are valuable, however just as you thought passing 10 percent of all of NASDAQ value was too good to be true, Apple shares are currently trading for more than $500 this means Apple has a current market value of more than $460 Billion.
Fun Fact: A single Apple share is currently selling for more than the entry-level iPad 2.
APPL stock price has been on a roll since Apple reported astonishing earnings for the first fiscal quarter of 2012, in less than three weeks the share price has increased by more than $75/share, or nearly 18%.
BGR noted Apple is worth more than each one of its smartphone vendor rivals combined. “As of Friday’s close, the publication explained, the combined market value of Samsung, Nokia, HTC, Motorola Mobility, RIM, Sony and LG is $225.36 billion, which is less than half Apple’s today valuation.”
Somehow this makes me sad that I didn’t buy shares in Jan 2003 when the price was a mere $6.90