In the summer of 2011 Apple managed to break both its own limits and Exxon’s according to an elder article from AppleInsider:
“Apple’s market cap valuation, which ended the day at $337.2 billion, edged into the lead despite the stock falling down 2.8 percent today. Exxon was valued at $330.8 billion after its shares closed down 4.4 percent for the day.”
This situation was kept almost unchanged until last Thursday when Apple’s market capitalization reached $456 billion, beating both Google and Microsoft market values altogether.
“As of Thursday morning, Microsoft’s market cap was around $256.7 billion, while Google was valued at around $198.9 billion.”
And the circumstances are getting better. This Monday the stock closed at $502.60 and Apple turned into the world’s most wealthy company, followed by the Cupertino, Calif., who capitalized at $456 billion and by Exxon’s $400 billion.
Since the holiday gifting season the iPhone 4S, iPad2 and other hard drive selling went surprisingly well. Not even competition’s selling, such as Samsung smartphones and tablets and Amazon’s Kindle, influenced Apple’s success. Apple booked outstanding earnings which led to great profit at the end of its quarters, thus, the Monday trading results should not be a surprise.