Apple value hits half a trillion dollars

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February 29th, 2012, 23:31 Posted By: wraggster

Share prices rise to new high after tech giant teases iPad 3 announcement

Apple’s valuation has risen to half a trillion dollars, making it the highest valued business in the world.
Share prices surged to $535.41 yesterday after the tech giant teased a potential iPad 3 reveal at a press conference set for next week on March 7th .

Data from Bloomberg shows that Apple currently has a market capitalisation of $499.2 billion.
Just two weeks ago shares in the firm had broken the $500 mark, with its valuation then calculated at $469 billion.
This came a month after Apple reported revenues of $45 billion for the 14 weeks ending December 31st, more than four times Google’s earnings for the same quarter.

http://www.develop-online.net/news/3...illion-dollars

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