The Cupertino tech giant has broken a new record: the company’s shares pushed over $500 within 15 minutes on Monday.
At the end of the day, the stock was worth $502.60, up 1.86% over the closing price on Friday.
Driven in particular by record sales during the Christmas holidays, Apple has shown an increase of 24% since the beginning of the year.
Last month, Apple surpassed ExxonMobil as the most valuable company in the world. Now, the company’s market value is 16% higher than that of Exxon’s.
Apple shares have seen a 40% increase since last February and have gained approximately 500 % in the past five years.
The company is now valued at $ 470 billion, almost as much as Microsoft ($260 billion) and IBM ($230 billion) combined.
The excellent sales of the iPod, iPhone, and iPad have allowed Apple to increase its profit.