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Apple are now worth in excess of $300 billion

Apple exceeds $300 billion in value

| Business, Financial & Legal News | Posted: Jan 4, 2011 2:09 am

Last night Facebook was held on the shoulders of the internet, being bragged that it was worth $50 billion. But it has woken today from it's post-party hangover and not only realised a tooth was missing, a tiger was in the room and that they were about to be punched in the face by Mike Tyson - but Apple had taken over as the new cool kid on the market cap block, now valued at over $300 billion!

 

TweakTown image news/1/8/18292_469.jpg

 

This move now makes Apple the second public company with such a high value, second only to Exxon Mobil. Twelve months ago Apple were at the $213 billion market cap, which at the time were only $40 billion behind the great Microsoft. Now they're $60 billion in-front of Microsoft, which is obviously a great achievement.

 

Are Apple able to take the top spot? Exxon Mobile is currently valued at $375 billion, so at the pace Apple have been going lately - it might not take long if all things go right this year with the next-gen iPad and iPhone launches, things could look very, very good for Apple stock owners.

 

NEWS SOURCE
Techcrunch.com

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