“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.”
Read more in the full article here.
Merry Xmas, Happy New Year to ALL.
Next year will be even better.
Perhaps coincidentally, it appears Apple shares are increasing in value similar to the analyst ratings posted at http://aaplinvestors.net/stats/ratings/
If this holds true the next stop should be $330. But there’s always hedge fund profit-taking to contend with. Either way it’s looking good for AAPL.
Hey MDN, Google Finance linked ya.
Every single item that I own made by Apple works better than expected. Call it iPhone, Mac, Time Capsule, Apple TV, you name it, they all work perfectly. They all also interact with each other in a way that only Apple has been able to achieve. No wonder there stock is climbing.
Article says: “Notable competitors of Apple TV include Western Digital Media Center, Roku, and Google TV”. Really? These are notable competitors?
I would like to take this time to wish you all a Happy Holiday season and a very Happy New year, especially but not limited to:
Cubert
TowerTone
ChrissyOne
Fred Mertz (Without you we would have 8,000 fewer articles to read)
Jersey Trader
and even you G4 Dualie
You all have been coming here since I can remember and maybe even before.
May 2011 be good to you and your families and may MDN finally get their Apps working properly.
Once again, another “report” with a question on the title that didn’t provide an answer, didn’t discuss the question even.
Best to All this Holiday Season, and may the New Year bring continued success to Apple!!!!! and, by extension to all of us!!!!
Enjoy the pre-Christian pagan darkest-days-of-winter (aka the solstice) feasting and boozing rituals everybody! Peace and love to all. Including the sociopathic rightwing bigots – who just need to love themselves a bit more! Hoho!
I think Steve should get a raise…. $2.00 a year. $3.00 if he’ll split the stock!
CNN Money is reporting that Apple iPhone software is “so poorly designed” that the stock will crash in 2011.
I wonder why companies don’t split their stock any more. A share price as high as Apple’s once would have been a reason for a 10-for-1 split.
Hell, you can almost buy an iPad for the price of one share of stock.
——RM
@LordRobin
AAPL does not need to split. It is the new Berkshire Hathaway.
Besides AAPL does not need stockholders that does not understand the company.
LordRobin writes, “I wonder why companies don’t split their stock any more. A share price as high as Apple’s once would have been a reason for a 10-for-1 split.”
Shares used to be commonly sold in 100-share blocks, and there was a price penalty for partial blocks. Today, one can buy even a single share without that penalty, and the whole transaction done electronically costs less than $10. Anyone who can’t afford one share of AAPL doesn’t belong in the market.
Apropos, a single share of Berkshire Hathaway A currently goes for $119,665.
“Apple shares hit all-time high, what next?”
Uhhhhhh, $326?
Next, the stupid traders sell off again for another month. It’s already down to 323. It should keep going up to 420 by now. Google is at 500 plus and yet there a smaller company then Apple is!
Merry Christmas MacHeads
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Happy New High Year 2011 = $422
Buy AAPL
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@jarrettdailynews,
Thank you! So nice. Sorry I didn’t see it earlier when I posted my (usual) smart ass comment.
Oh, and Merry Christmas, Happy Holidays, Happy New Year and a Festivus for the Rest of Us to you, too!
Strong Apple profitability means long term security that will keep those great hardware and software products flowing out of Cupertino. May quality always reign over quantity!