iPhone in Canada Blog - Canada's #1 iPhone Resource: Apple’s Market Cap Crosses Half Trillion Dollar Mark [AAPL - $536.37]

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Apple's Market Cap Crosses Half Trillion Dollar Mark [AAPL - $536.37] Feb 29th 2012, 11:19 By Usman on February 29th, 2012 0 Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic. 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! Usman A Technology Enthusiast, A Blogger & A Doctor (specialized in Diagnostic Radiology). Love: F1, Gadgets, Console Games, Movies, Music & Designer Clothes! Follow me on Twitter @DrUsmanQ

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