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Apple shares top $500
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02/13/12 12:50 PM ET
Apple shares topped $500 for the first time in company history on Monday.
The milestone solidifies Apple's status as the world's most valuable company — it passed Exxon Mobil Corp. last year.
The price of its stock has increased about 500 percent in five years.
The company's revenue in the most recent quarter was $46.3 billion, with $13.1 billion in profit.
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