AAPL Soars Past $500

Last week, I pointed out that while Apple’s share price continued to grow, Google’s continued to fall. At that time the share price was at $468, and had begun to soar past $470, $480, and $490, which would make it only ten dollars short of closing at $500. Today, Apple’s share price soared past $500 as trading opened this morning. It has been rising every since the company reported blowout earnings for the first fiscal quarter of 2012. The share price has increased $75/share, or nearly 18%, in just under three weeks.

AAPL 500

Remember when Exxon Mobile was the most valuable company in the world? Well, now Apple, is worth more than $469 billion, making it the most valuable company in the world by a significant margin. Exxon Mobile, the second most valuable company, is worth approximately $400 billion.

Believe it or not, a share of $AAPL stock now costs as much as the original iPod. If you spent that money on Apple stock instead back then, it would be worth $27,556 today! It really is only a matter of time until Apple’s share price surpasses Google’s. $110 dollars and counting…

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