By Daniel Hunter

Technology giants Apple have seen their market value pass the $500 billion, confirming them as the world's most valuable company.

Apple become only the sixth American company to pass the $500 billion mark, with Microsoft the only company to have passed the $600 billion mark back in 2000.

Cisco Systems, Intel and General Electric have also all reached that mark.

With their new iPad 3 set to be launched this month Apple look set to continue their market domination, and thus rates of growth in terms of profit.

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