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Enormous Apple market cap swells and swells ... like a bubble

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Software-reskinning box designer 'worth' $586 beeellion

By Anna Leach • Get more from this author

Posted in Financial News, 16th March 2012 18:56 GMT

Watch Now : Virtual Machine Movement with Hyper-V

Apple's total share value pushed beyond the totemic $500 billion mark it reached two weeks ago to hit a heady $542 billion in trading this morning. That made the iPad seller worth more than the entire American Retail Sector, as defined by the Standard & Poor's survey of the top 500 American retailers.

Apple v Retail Sector, credit Standard and Poor

Graph via ZeroHedge

Apple shares were selling at $586 apiece at time of writing. The bump clearly came from the retail launch of the third iPad today, but does highlight Apple's reliance on just two products: the iPad and the iPhone. ®

Watch Now : Virtual Machine Movement with Hyper-V