Apple Inc. market cap passes $300 billion milestone

21 Comments

New Year's Blowout - Save up to $949 on Macs!In early NASDAQ trading today, Apple’s [AAPL] market cap passed the $300 billion milestone.

Shares of AAPL are currently up $5.03, or 1.56%) to $327.59 which gives Apple Inc. a market value of $300.50 billion.

The top five U.S. publicly-traded companies, based on market value, are:
1. Exxon Mobil (XOM) – $374.86B
2. Apple (AAPL) – $300.50B
3. Microsoft (MSFT) – $240.53B
4. Berkshire-Hathaway (BRKA) – $199.05B
5. Wal-Mart (WMT) – $193.67B

21 Comments

  5. I just posted this on FB myself, thinking that I has a scoop. 😮 )
    But I had it before MDN though. Someone here clued me in couple of weeks ago.

    Way to start the new year with a bang, AAPL.

    I’m not sure though if Apple can indeed pass Exxon someday. They’ve been on a tear as well.

    Reply

  6. @PR

    Not so fast. With $5 gas on the horizon by 2012, Exxon (and PetroChina) will also rise. Increasing gas prices will hurt everyone as component suppliers will need to increase their prices and consumers are left with less disposable income.

    Oil is in most everything, and it’s value is climbing higher with exponentially increasing demand in Asia. Simple supply and demand equation.

    Inflation. This country is in for a shock if this happens.

    Reply

  7. Not sure of the notion that Apple is going to pass Exxon soon. Eventually sure, but everyone needs oil/gas and as long as the oil companies have been around they always have made a profit and their stock prices generally head the markets. Exxon will remain #1 for quite sometime.

    Reply

  16. It’s such a shame that such an evil company remains at #1, and such an amazing innovative company that cares about human beings remains at #2. I can’t wait for the day that Apple overtakes Exxon as the most valuable company in America.

    And oil companies haven’t just recently become evil — they have ALWAYS been evil.

    For example, do you know who was REALLY behind alcohol prohibition in the 1920’s?

    The oil companies.

    Motorized vehicles were perfectly happy running on alcohol, but the oil companies wanted to make sure that they controlled that market.

    Their answer? PROHIBITION.

    And oil companies like Exxon are still up to the same tricks today — raising gas prices to all-time high levels.

    Even General Motors (an auto company, not an oil company) bought out all the public transportation in Los Angeles in the 1950’s and then dismantled all of it, to make sure that Los Angeles became a car-only culture. This is documented in the outstanding documentary “Taken For A Ride”.

    Reply

  18. Hey, people! Didn’t any of you hear the screaming over at Los Vegas at the CES where there are at least 100 various Android tablets waiting to put Apple out of business after only eight months of tablet domination. Apple’s market cap will never go any higher than it is now and by the end of the week after all the Android tablet and smartphone devices are shown, Apple’s market cap should be around $250 billion. Sorry, but the Apple logo is costing consumers too much money while Google is giving EVERYTHING away for FREE.

    Uh, oh, the shouts and screams are getting even louder in Vegas. A $150 Android tablet that does everything the iPad does and more has just been announced. Steve Jobs just locked himself in his office and was heard to be sobbing.

    Reply

Reader Feedback (You DO NOT need to log in to comment. If not logged in, just provide any name you choose and an email address after typing your comment below)

This site uses Akismet to reduce spam. Learn how your comment data is processed.