Apple Stock Hits Historic High Of $500 Per Share Ahead Of iPad 3 Launch

Apple Stock Hits Historic High Of $500 Per Share Ahead Of iPad 3 Launch

Yup, it’s finally happened: buoyed by the imminent launch of the iPad 3, Apple (AAPL) stock has just hit a historic high of over $500.00 a share, and now is worth a $466.29 Billion, over $70 billion more than the world’s second most valuable company, Exxon Mobil.

That’s amazing, but there’s still plenty of room to grow, believe it or not. In fact, Piper Jaffray analyst Gene Munster believes that Apple could go as high as $1000 per share, at which point, every man, woman and child on this Earth will be an Apple employee, grown to order in special chemical vats in Brazil and China, but designed, as ever, in Cupertino, California.

  • Daibidh

    Errr….  While I’m a HUGE Apple fan, investors these days are retarded.  Are we going to call this the Apple Bubble some day?  Apple is doing extraordinarily well and has many MANY untapped markets to dominate but the first hint of a slow down, imagined or not, in their meteoric success and these ignorant armchair investors are going to freak.  Their expectations of Apple are starting to outpace sensibility and reason, regardless of how successful Apple is sure to be for the foreseeable future.  Any company would be ecstatic hitting Apple’s projections but that’s no longer good enough for Apple itself… not by a long shot.  If they don’t continually wow the world with exponential growth, the frenzied among us will be devastated.

    If I were Apple, I’d be a little more than nervous being the investor darling of the tech industry.  Who are the fanboys now?

  • Zetao

    All valid points, I’ve noticed this as well, the hype surrounding the company is astronomical, it’s as though they can do no wrong, which in some respects may be the case, I’m a huge Apple Fan (minus the boy) and I’m personally loving the fact they’re doing so well, gives me satisfaction to see them come from being the underdog to being top dog, so to speak. 

    But there has to be a wall, an obstacle which knocks them out of the RDF and brings them back down to the third rock from the sun.

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John BrownleeJohn Brownlee is a Contributing Editor. He has also written for Wired, Playboy, Boing Boing, Popular Mechanics, VentureBeat, and Gizmodo. He lives in Boston with his wife and two parakeets. You can follow him here on Twitter.

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