Apple Now Worth Over $300 Billion (AAPL, XOM, MSFT)

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By Jon C. Ogg Updated Published
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Apple Inc. (NASDAQ: AAPL) is hitting new all-time highs yet again on the first trading day of 2011.  What is more interesting is that its $329.76 price currently generates a market cap of right at $302.5 billion.  This move of 2.2% higher this morning makes Apple only one of two American stocks worth some $300 billion.

If you review our Real-Time 500, Apple shares are still about $75 billion shy of Exxon Mobil Corporation (NYSE: XOM) with its $375+ billion market cap.  Its lead over Microsoft Corporation 9NASDAQ: MSFT) is now more than $60 billion versus the implied market cap of $240.4 billion.

We recently showed a full review of what the 2011 outlook for Apple is, and more importantly what Apple would look like if it achieves those stock price targets.

Apple generated gains of 52% for all of 2010.  From the lows seen in February 2009, those gains are 272%; and the gains are roughly eight-fold since its last stock split in early 2005.  Apple shares hit a new all-time high of $330.20 this morning.  What alarm problems?  The drum beat continues…

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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