Apple 2.0

Covering the business that Steve Jobs built

Chart: When Apple Inc. and the S&P 500 parted company

March 29, 2013: 7:08 AM ET

As the S&P 500 hits a record high, Apple is once again flirting with new lows.

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FORTUNE -- At 3.07% of total market value, Apple (AAPL) is still the single largest component of the S&P 500. But for the past nine months -- for better or worse -- it's gone its own way.

See also: The S&P 500's P/E is headed for a 3-year high. Not Apple's.

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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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