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Apple now the world's second largest company by market value

Apple on Thursday overtook PetroChina Co. in terms of market value, making the Cupertino, Calif., company the second-largest company in the world.

As noted by Bloomberg, Apple is now valued at $265.8 billion, ahead of PetroChina's $265.5 billion. Apple is only behind Exxon-Mobil, the largest company in the world, which had a value of $313.3 billion Thursday.

The milestone was reached thanks to the fact that AAPL stock hit an all-time high, topping $290 at one point during the day. It ended the day up over $1, and the stock has increased a total of 37 percent this year.

In May, Apple's market cap surpassed Microsoft when it hit $222 billion, pushing it ahead of the Redmond, Wash., software giant. That accomplishment made Apple the second-largest American company, behind only Exxon-Mobil.

But Thursday's milestone makes Apple the second-largest company in the world, in terms of market value. Exxon has also been moving up since May, when it had a market capitalization of nearly $280 billion.



73 Comments

brucep 18 Years · 2800 comments

i guess m dell is feeling stupid right now

mgl323 15 Years · 247 comments

Thanks to the iOS line out, Apple has been getting a bit more famous?

davebarnes 20 Years · 378 comments

It can't last as "Apple is closed" and we all know that "open" wins¡
Just wait until the Windows Phone 7 arrives.
And, the CrackPad.
And, the HP Slate.
And, netbooks will destroy overpriced MacBooks.

originalg 17 Years · 383 comments

Where's the link to the AI article about issues with Apple's stock moving to $400? It was a good read to illustrate the challenges they face to get to that price.EDIT: Found them:

http://www.appleinsider.com/articles...ls_part_i.html
http://www.appleinsider.com/articles...s_part_ii.html

ncee 20 Years · 749 comments

It sure sounds like, Apple WILL be the largest company in the world, within the next 6-7 months.

- After MORE iPad, iPhone sales, which will be a lot after Verizon and the addition of the camera to the iPad

Good for them!

Hell some would have to call this a miracle, seeing they won't suppose to be around much longer (some 8-10 years ago)

Skip

Oh, this is a BIG smile on my face ? I purchased the stock at UNDER $20.00 a share! Boy do I wish I bought more then