Below are excerpts and some new commentary to go with my full article:
The first five to break into this list are Microsoft, Cisco Systems, Intel, GE and Exxon Mobil.
ExxonMobil broke the $500B mark in 2007 when the price of oil soared to $147 per barrel. The others reached this mark during between 1999 and 2000 during the technology bubble.
The CNN says "Apple's valuation is now higher than the gross domestic product of Poland, Belgium, Sweden, Saudi Arabia, or Taiwan."
Update Feb 29, 2012 after submitting article to Seeking Alpha:
On Today's CNBC "Fast Money" they gave the following statistics for other stocks that first hit $500B
|Company ||Date ||P/E ||Profit Margin|
Update March 1, 2012: Read my full article at:
Apple is certainly profitable and their products are in high demand.