updated 10:10 am EST, Mon February 13, 2012
Company still on rise despite loss of Jobs
Apple's stock price on the NASDAQ has cracked the $500 mark for the first time in the company's history. While Monday trading is still ongoing, the company's shares are worth about $500.34 each as of this writing. The figure represents a jump of nearly $7 over the Friday close.
The company has made considerable progress in the past few years, having once seen shares drop below $80 under the impact of a suffering economy. Apple is also continuing to hold investor confidence despite the October death of Steve Jobs, the company's co-founder and long-time CEO. Jobs was credited with much of the company's vision, including micromanagement of some of the smallest product details. His replacement is Tim Cook, formerly the COO.