Apple hits $500 billion in stock value
Not even Greece could bankrupt it
Apple has already been dubbed the world’s most valuable company and now, it’s one of top five ever. In fact, the only companies that managed to pull this off are Microsoft, ExxonMobil, Cisco, General Electric and Intel.
Apparently, Apple’s worth more than the GDPs of Poland, Belgium, Sweden, Saudi Arabia or Taiwan. It could even bail out Greece and still be left with some $50 billion to spare.
Interestingly enough, the company’s stock gains have not kept up with earnings and analysts believe its shares are still cheap.
More here.