Apple's market cap passes $300 billion

By on January 5, 2011, 3:03 PM
Apple's market capitalization is now above $300 billion, according to Fortune. Market capitalization is the number generated by the stock price multiplied by the number of shares outstanding. Apple passed Microsoft as the most valuable tech company in May 2010.

Analysts are expecting Apple to set new sales records for Q4 2010, and that's definitely being reflected by the stock price. Apple will report their fiscal first quarter results on January 18, 2011.

Apple is the second most valuable US company. The only other company above $300 billion is Exxon Mobil, which has a market capitalization of $375 billion. Exxon's stock has been surging since April 2010.

Apple's stock took almost 23 years of trading to top $100 billion in market cap. That was in May 2007. The next milestone, $200 billion, came less than three years later, in March 2010. 10 months after that, Apple hit $300 billion.

Now it's time for some predictions. Will Apple pass Exxon Mobil's market capitalization and claim first place in the US? If not, what do you think will happen in the stock market world in the next few months?

User Comments: 4

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gwailo247, TechSpot Chancellor, said:

Investor: "Yey, I'm rich!"

Stock Market: *pop*

Investor: "Boo, I'm poor!"

BTW, could you find a more evil (eviler?) picture of The Turtleneck?

lawfer, TechSpot Paladin, said:

Wow, just the fact that Apple, a simple software and hardware designer, is to be expected to compete with one of the (if not the?) largest oil and gas companies in the world; that alone, is incredibly impressive.

If to the new Apple (2007-), it only took 10 months to achieve what the old Apple Computer (1997-2007) thought of only a dream 26 years ago, I don't really see a reason for them not to achieve $375+ in the next couple of years (or months?).

Xclusiveitalian Xclusiveitalian said:

I'm not surprised they sell products way above market value and people still buy it. They turn huge profits and there investors know it. Apple is "hip" they could make a cardboard box if it had the logo on it they could sell it for $999 and people would buy it lol

KG363 KG363 said:

"Exxon's stock has been surging since April 2010"

Is that a surge up or down?

I just can't see them surpassing Exxon. That would be ridiculous, but now seemingly plausible

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