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