Apple stock rose above the $300 per share mark Wednesday morning, reaching a historic level. The Cupertino, Calif. company, which has been on a recent tear, now has a market capitalization worth around $275 billion. A poll of financial analysts put the Wall Street consensus at $350 per share.
Last week, we reported Apple is nearing the market value of Exxon-Mobile, the most largest company in history. Exxon-Mobile closed Tuesday with a market value of $329.44. Monday, Oct. 18, Apple is expected to announce record sales for the fourth-quarter, the first full-quarter for the iPhone 4.
Apple’s stock has risen 43 percent so far this year.