Apple stock at $500: Still a bargain? (The Week)
[unable to retrieve full-text content]The Week - A decade ago, a share of Apple barely cost $10. Today, it trades well above $500. And optimistic investors say the good times will keep on rollingApple stock is now trading at more than $500 a share, making the company more valuable than Google and Microsoft combined. Needless to say, investors are happy: A $10,000 investment in Apple in 2000 "would be worth about $966,667 today," writes Chris Dumont at Investopedia. But Apple's meteoric rise presents a conundrum, too: Investors are torn between curtailing their spending on the increasingly pricey stock, or doubling down to reap more profits. Can Apple's share price keep climbing?
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