Apple’s Market Cap Crosses Half Trillion Dollar Mark [AAPL – $536.37]
Yesterday, when Apple sent out official invitations for its iPad 3 media event scheduled on March 7th in San Francisco, the Apple stock (AAPL) climbed a striking 9 points, which is more than 1.5%, taking the company’s market capital to a new lifetime high. As 9to5Mac notes, when Apple’s stocks hit the $536.37 per share mark during the afternoon, the Cupertino company pushed its market cap over $500 Billion. Wow!
Here are some interesting figures to give you an idea where AAPL stands right now:
That is still below Microsoft’s $583 billion valuation from 1999, but the iPhone maker’s getting closer and closer with each passing day. AAPL first crossed the $500 a share milestone the day before Valentine’s Day. Earlier on Feb. 9, 2012, shares of Apple, Inc. passed 10 percent of all of NASDAQ value and traded at $431 a share. In addition, right following Valentine’s Day, Apple first passed the psychological $500 a share barrier. For comparison’s sake, AAPL on Steve Jobs’ Oct. 5, 2011 passing traded at $378.25.
Looks like Apple’s timing for the iPad 3 event invitations was just perfect!