Apple now part of the $500Bn club!

Yesterday's announcement of the iPad 3 release date sent markets into overdrive, pushing Apple to its highest stock valuation ever at just over $500bn equity valuation.

"Shares in the iPhone maker rose by nearly 2 per cent to $535.41 on Tuesday, lifting its equity value to $504bn. Apple shares are already up 32 per cent this year, extending gains over the past 10 years to 4,500 per cent. Apple is the world’s most valuable company – valued at about $90bn more than ExxonMobil – and stock market analysts remain bullish."

"Apple’s market capitalisation is now $499bn. This is close to the combined value of the last three technology companies that came close to, or surpassed, the $500bn market capitalisation – Microsoft (now $266bn), Intel ($136bn) and Cisco ($109bn)."

Read the full story at http://www.ft.com/cms/s/2/a49cb190-6...#axzz1nnhZkY6a

On the backs of poor people and child slavery.:baby:

What Apple has to say? :shit: