Apple's (AAPL) market cap passes $500B, making it the the first U.S. company to top that level...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Apple's (AAPL) market cap passes $500B, making it the the first U.S. company to top that level since Exxon in 2008. Apple has risen 34% in 2012, but with a PE multiple of 12 times this year’s expected earnings, a new iPad and possibly phone on the way, not to mention a potential dividend, the bulls are charging. Shares +1.4%.