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Apple market cap soars past $300 billion

Posted on Tuesday, January 04 2011 @ 13:59:04 CET by

DailyTech writes the announcement of the iPhone 4's expansion to Verizon Wireless pushed Apple's stock to nearly $330 a share, giving the company a market capitalization of roughly $302 billion. This valuation makes Apple the second largest company in the world, only ExxonMobile has a larger market cap.
The company has now passed another “milestone” now that its stock has climbed to nearly $330 a share. As a result, the company now has a market capitalization of roughly $302 billion.

If you recall, Apple's market cap was around $222 billion in late May of last year, putting it slightly ahead of Microsoft which was hovering around $219 billion. Microsoft's market cap today is $240 billion.

For reference, Exxon Mobile has a market cap of $368 billion while Google sits at $193 billion.
Great value or a sign of an Internet Bubble 2.0? You be the judge.



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