Apple Stock Nearly Worth Half a Trillion?

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Apple stock hit an all-time high on Tuesday, shortly after the iPad 3 event was announced, pushing its market cap to nearly $500 billion. Geeze, that’s almost half a trillion. That’s (as if we had to tell you) a crapload of money.

Their stock surpassed $535 a share this afternoon, making their market capitalization over $498 billion. That’s insane when you consider that just earlier this month they surpassed Microsoft and Google. They announced their best quarter in history this January, and things don’t seem to be slowing down for them.

According to AppleInsider, Apple’s value has more than doubled in less than a two-year span. It’s also reported that analysts expect Apple stock to go much higher over the next several weeks and coming months, some are expecting Apple to hit up to $670 a share. We don’t know much about that sort of thing, so we will see what happens.

 

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