Apple Is Now Worth More Than $300 Billion

Apple has exceeded $300 billion in market capitalization, accomplishing a distinction shared currently by only one other company in the world.

By Monday at 12:10 p.m. ET, the price of Apple Inc. shares has risen by more than seven points to 329.75, giving the company an estimated market capitalization of $302.47 billion.

Apple has reported record earnings this year, thanks to the success of the iPhone 4 and the iPad. Apple sold 3.89 million Macs, 14.1 million iPhones, 9.05 million iPods and 4.19 million iPads in the fourth quarter alone.

Just eight months ago, Apple was worth $223 billion, making it the world’s most expensive technology company ahead of arch competitor Microsoft. In October, shares of the computer and mobile device maker eclipsed $300, valuing the company at $274 billion.

Or we can also say, Apple is now worth six times the price of Facebook, and the company has increased its value by $50 billion in just six months.

Apple is now the world’s second most expensive company, bested only by Exxon Mobil Corporation’s $376 billion market capitalization. How long will it be until Apple challenges Exxon for the title of world’s most expensive company, though? I personally think it won't take that long ;)

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