Original URL: https://www.theregister.com/2012/03/16/apple_542billion_worth_more_than_retail_sector/
Enormous Apple market cap swells and swells ... like a bubble
Software-reskinning box designer 'worth' $586 beeellion
Posted in On-Prem, 16th March 2012 18:56 GMT
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.
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. ®