Apple Market Cap Passes $300 Billion

Posted Jan 3, 2011

Apple Inc. (NASDAQ:AAPL) has surpassed $300 billion in market cap today. Currently Apple is trading at $329.57 per share and is up $7.01 since the close of the last day. Apple is not too far from the world’s most valuable company Exxon Mobile Corporation (NYSE:XOM), which has a market cap of $375.92 billion. 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 last May. [Fortune-CNN]