Apple market cap reaches all-time high $300 bln

Apple market cap reaches all-time high $300 bln
Cupertino-based Apple, the most valuable tech company in the world, has just passed the $300 billion mark in market capitalization. It took the company three years and a half to rise from $100 billion and it is now second in market worth after only oil giant Exxon Mobile.

Shareholders were optimistic about the company's prospects and share value grew accordingly to $329.57 making the total worth of the company to $302.32 billion at the end of the market day on Monday. The 1-year target estimate for Apple's shares is equally bright – stock is expected to hit $371.19 at the end of 2011.

2010 was hugely successful for Cupertino as the company's market worth skyrocketed from $213 billion surpassing long-time rival Microsoft on the way. Now, Apple is $60 billion ahead of Redmond and Steve Jobs tops the CEO of the decade list and has deserved an honorable mention from Barack Obama.

Verizon-branded iPhone and a second generation of the iPad are some of the cornerstones of Cupertino's 2011 prospects. One thing is sure about Apple – it manages to pull off surprises. Do you expect to see something revolutionary from the company this year?

source: AppleInsider

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2 Comments

1. Shafeer

Posts: 79; Member since: Dec 30, 2010

Well they always have something new to impress people. Normally though if they are creating a new version of something (Eg. iPhone, iPhone 2 and so on) they only add what's missing. This technique seems to work though.

2. JeffdaBeat unregistered

You know, I hear that argument a lot...but honestly, I just think Apple is smart. Their biggest concern is not satisfying nerdy folks like us. It's all about end-user experience. They didn't include 3G in the first iPhone because AT&T's 3G map back then was worse than it is now (which is the case for most companies). So instead of promising something AT&T couldn't provide, they went without it. People cried for multitasking, but what's everyone's biggest complaint with their phone on any network other than reception? Battery life. Phones that really multitask kill the battery, so Apple waited. The only real bad mark on Apple is the antenna problem and even that was a smaller deal than what folks made it out to be. Apple does well because they market their products to everyone. You don't have to be a genius to use an iPhone. But I'm a huge nerd and I wouldn't trade my iPhone for the world. But I also don't have some weird deep seeded hatred for Apple either.

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