Apple Surpasses Exxon Mobile with $422B Market Cap – All Time Stock High

Posted by at 12:01 am on January 31, 2012

Apple’s stocked closed at $453.01 on Monday, all-time high! The stock rose $5.73 to beat the previous all-time closing high of $447.28 set last Friday. At its current market value of $422 billion, Apple surpasses Exxon Mobil by nearly $13 billion as the most valuable publicly-traded company in the US.

Better-than-expected sales in all three of Apple’s major product categories — iPhones, iPads and Macs — has caused Apple’s stock to jump from a Tuesday close of $420.50 to over $448 on opening Wednesday, with steady rises since then. The company broke records on shipments of all three categories and beat even optimistic expectations from Wall Street. When iPads are added in as computers, Apple leaps into first place, surpassing in shipments even longtime market leader Hewlett-Packard.

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