Apple shares surge past $500 Apple shares surged past $500 for the first time on Wall Street on Monday, powered by reports a new iPad may be unveiled next month. Apple shares hit a record $503.83 shortly after the opening bell and were up 1.53 percent at $500.97 at 10:00 am (1500 GMT). Apple shares passed $400 on July 26 and the California gadget-maker has displaced oil giant ExxonMobil to become the largest US company in terms of market value. The Dow Jones-owned technology blog All Things Digital, citing unnamed sources, reported last week that Apple will unveil a new version of its market-leading iPad at an event in San Francisco in March.