“Shares of iPhone maker Apple Inc. reached an all-time high of $325.72 on Wednesday’s regular trading session, after it said shipments of the second-generation version of Apple TV to exceed 1 million units this week,” Balasubramanyam Seshan reports for The International Business Times.
“Apple’s market cap hit $298.27 billion on Wednesday, leaving it ahead of rival Microsoft Corp. which has market cap of $241.16 billion, as the largest technology company in the world and second largest company in market capitalization,” Seshan reports. “In September, Apple overtook PetroChina Co. to become the world’s second largest company by market value. However, it still has to go a long way to surpass Exxon Mobil Corp. in the market capitalization where oil giant retains the top spot with a whooping $367.10 billion.”
Seshan reports, “Apple’s success has been largely credited to its co-founder Steve Jobs, who was named the world’s best performing CEO last year, according to January 2010 issue of Harvard Business Review.”
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