As of market close today, Apple’s stock is now worth an impressive $568.10 per share for an enormous market cap of over $529 billion. While it used to be a neck-and-neck battle with Exxon Mobil, Apple is undoubtedly the world’s most valuable company with a valuation that is nearly $120 billion higher than the petroleum giant.
The new iPad, which was announced by Apple last Wednesday, is undoubtedly fueling the success of Apple’s stock. The new iPad officially goes on sale Friday at Apple retail stores, AT&T and Verizon locations, and big box electronics retailers like Best Buy. Apple is projected to sell at least one million new iPad units on launch day alone, while pre-orders have already sold out. Check out iFans’ historical coverage of AAPL.
[Image via Chronic]