Apple share prices surpass $500 apiece for the first time

Eclipsing its two closest competitors and setting itself out as the world's most valuable company, Apple is now valued close to half a trillion dollars

 

Apple has extended its lead as the world’s most valuable company narrowing in on a half a trillion dollar valuation with rising stock prices seeing shares in the company surpass $500 (£317) for the first time.

Bolstered by the recently announced record fourth quarter profits, the iPad and iPhone manufacturer has seen shares hit a record $502.60 high with recent reports suggest Apple is now more valuable than both Google and Microsoft combined.

With a quarterly profit of $13.06 billion from $46.33 billion revenues in the final three months of 2011 Apple is continuing to grow at a rapid pace with the world’s second most valuable company, Exxon Mobil now straggling in the distance with a $402 billion valuation.

Apple Value in Context

With shares priced at a low of $3.19 (£2.03) prior to Steve Jobs’ return in 1997, Apple has grown rapidly in the past decade with the unrivalled success of the iPod, iPhone and iPad seeing the tech manufacturer become the world’s most valuable company, breaching a $460 billion valuation.

Whilst $460 billion (£292bn) is an unfathomable figure, Apple’s latest valuation sees the company with more cash reserves than the US government with Apple now worth more than the combined value of all the illegal drugs in the world.

Continue the run of farcical amounts of money; Apple now has more money than the Gross Domestic Products of countries such as Denmark, Greece, South Africa and New Zealand, the cost of two complete Apollo space programmes and the entire global coffee industry.

With a $460 billion valuation, what is the craziest statistic of Apple’s worth have you seen? Let us know via the T3 Twitter and Facebook feeds.

Via:BBC


 

New Apple iPad latest..

New iPad hands-on
New iPad 3 review

New iPad 3 Review: A higher-def screen and a slicker look. Does the iPad 3 mark a point at which resistance to Apple’s market-leading tablet becomes futile?

Comments

Be the first to comment…

Back to top
Close
T3 Newsletter
Sign up to recieve the T3 newsletters by entering your details below

Your Details

As you're registering with us. we'd like to think that you'd enjoy receiving the following emails; if you'd rather not receive them, please untick the boxes:

I would like to receive other emails from T3, Future Publishing Limited and it's group companies containing news, special offers and product information
I agree to the terms of use and privacy policy and confirm that I am over 16 years of age *
Close
Log in or Join

By clicking below you agree to our terms and conditions and our privacy policy

Log in to T3.com with your preferred social network

Log in with your T3.com account

CloseJoinPlease complete these additional details

Join T3.com with your preferred social network

OR

Join T3.com

Please tick this box to confirm you are 16 years old or over

Just so we know you're human

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Close Edit your profile

Change your password

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Social networks

You have authorised these social networks to interact with your T3.com account.

Please ensure you deactivate or revoke access to this website from within your social networks settings to ensure all permissions are removed.

Close Forgotten your password

Forgotten your password?

Please enter the email address that you used to sign up and we'll send you a new password

Close
Forgotten password
Don't have a T3 Account? Join now