Investors revised their estimate of the Apple share value higher on Wednesday, in anticipation of the release of the new iPad. Market capitalization, the company's total market value, therefore rises above the $ 500 billion mark, making Apple the most valuable company in the world.
Apple is the first company to cross the $ 500 billion mark since Exxon in 2008. The petroleum glove has since declined in value but nonetheless remains the second most valuable company in the world, with a value of some $ 412 billion. Other companies that have passed the $ 500 billion mark are Microsoft, Cisco and General Electric. However, they quickly lost value following the bursting of the technology bubble in the early 2000s.
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