Apple Breaks $500

Shares of Apple ($AAPL) broke $500 today. The computer company has edged out ExxonMobil ($XOM) for being the largest company in the world (although XOM’s profit is larger). Three years ago, Apple was at $100 per share.

I should remind investors that from the beginning of 1983 and continuing through the end of 1997, the S&P 500 increased more than six-fold while Apple’s stock lost money. Price matters. Since July 2009, boring Caterpillar ($CAT) has outperformed Apple.

Posted by on February 13th, 2012 at 10:55 am


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