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.
Ed Sutherland is a veteran technology journalist who first heard of Apple when they grew on trees, Yahoo was run out of a Stanford dorm and Google was an unknown upstart. Since then, Sutherland has covered the whole technology landscape, concentrating on tracking the trends and figuring out the finances of large (and small) technology companies.
