Look Who it Was Random video

Apple Stock Shares Now Cost Almost as Much as A New iPad

2,267 views · Published 15 March 2012 · 1:08 · Indexed 12 October 2026

Channel: Slate · 2012 · Science & Technology

Watch on YouTube

The market's most valuable stock has upped its price—and it didn't even have to do it with a fancy product rollout! 

Granted, the new iPad probably had something to do with Apple's stock price boost, which broke another record by hitting $600 per share this week before falling again during Wall Street trading. Just a month ago, the company cracked $500 per share for the first time. 

For some the skyrocketing price maybe a little spooky. The only two other companies to beat Apple's current $559 billion valuation are General Electric and Microsoft, which reached their highest points during the dot-com bubble over a decade ago. 

But analysts say the tech giant's sales numbers and projections back up the price.  Last quarter the company posted $13 billion in sales—one of the most profitable quarters ever for a U.S. company.  With a price near that of a new iPad itself, that's a stock you might want to buy instead of a gadget—it might be a better investment.

More from this channel