Apple stock price crossed $500 for first time

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A “remarkable turnaround for the iPhone maker”, that was a perfect line BBC could ever started its report about Apple hitting pass through the $500 per share value for the first time, as the online newspaper cited that back in 1997 the company’s worth as little as $3.19 and could possibly in the verge of bankruptcy.

It’s wasn’t a short time when we have reported that Apple become the most valuable US firm in the world and now worth $460 billion.

Early this year, Apple reported record-breaking net profits for the last three months of 2011, up 118% to $13.06bn from the same period a year earlier. The profits were the fourth-biggest in US corporate history.

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