Apple Now Worth More Than $300 Billion

Apple this last year has turned out to be a great success, with the launch of the 4G iPod Touch, iPhone 4, and iPad their marked capitalization has sky rocketed. Not to mention all the attention rumors that have been encircling the company Apple is seeing a huge profit margin and is gaining day by day.

Going into this new year Apple has surpassed $300 billion in market capitalization. This is a huge title for Apple to place on their wall of success because only one other company has more than $300 billion in market capitalization. This is achievement in relation to the number of new Mac sold is out standing, last quarter Apple reported it sold 3.89 million Macs, that works out to about 1 Mac sold ever 2 seconds! Think! By the time your read the end of this sentence another Mac will be sold.

At last check on this Monday at about 5pm EST, the current price of Apple Inc. shares is 329.75, up 7 point from the start of trading. This gives Apple Inc. an approximate market capitalization of $302.47 billion.

Apple has had record earning throughout this year, thanks in part to the booming success of the iPad and iPhone 4. Their estimated reported units sold pans out to 3.89 million Macs, more than 9 million iPods, 14.1 million iPhones, and 4.19 million iPads in Apples fourth quarter alone.

For those looking over the past numbers, just eight months ago, Apple Inc. estimated worth was around $223 billion, making it the world’s most valuable technology company, putting them ahead of rival Microsoft.

Another comparison is that Apple Inc. is now worth roughly six times the value of Facebook, which was just recently rated at $50 billion.

Apple is in total the world’s second most valuable company, topped only by Exxon Mobil Corporation, which is valued at $376 billion in market capitalization. No fear, Apple is hot on their heels and could see a major change in earnings towards the end of 2011.