Apple passed $400B market cap briefly today, set all-time company high of $431 a share

Hot off the heels of Apple’s iBook Textbooks and iBooks Author announcement, the Cupertino, Calif.-based Company passed a $400 billion market cap briefly today, AllThingsD pointed out. Apple also saw a new company record of $431 a share this afternoon —up $2 from yesterday’s record. As the afternoon continued on, Apple’s market cap went down to $398 billion again, but it is still close to coming back. For comparison, the world’s most valuable company, Exxon, has a market cap of $417 billion. Apple was at one time the most valuable company in 2011.

As CNN Money pointed out, Apple with a market cap of $400 billion is worth more than the countries Greece, Austria, Argentina, and South Africa.

Apple dominated financially in 2011, and it continues in 2012. Next Tuesday, the company will report what is expected to be record earnings from Q4. Apple is also expected to break past the sales of 5 million Macs and up to 30 million iPhones, some analysts claimed. We will be covering Apple’s financial announcement next Tuesday. Stay tuned!

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AAPL closes the day at all time high of $411.63, up 2.8%

We’re not sure exactly what caused today’s spike, but Apple stock had a huge day ending up 2.8% at $411.65 a share for a Market Cap of $381.62B against a down market. It had reached as high as $413.23 from a morning low of $395.20. Notably, Apple is now worth over $23B more than Exxon and is approaching the combined value of Microsoft and Google.

Reuters: Could Apple be worth $1 trillion?

Apple passed Exxon today to become the most valuable company on earth.  The excitemnt only lasted a few hours until the market rally at the end of the day put Exxon back on top, however.  But, that didn’t stop people wondering: What’s next for Apple?

Enter Robert Cyran, Columnist for Reuters, who doesn’t understand why Apple isn’t headed straight towards being the first $1Trillion company.

Apple’s sales have been surging 80 percent a year, and its profit faster. What’s more, it trades roughly in line with the growing stock market — and at less than half the price-to-earnings multiple it fetched in 2006, when revenue growth was much slower. Apple now trades at about 11 times estimated earnings for the fiscal year ending September 2012. The Standard & Poor’s 500-stock index is valued at about 10 times next year’s profit. But Apple’s sales growth is nearly 10 times faster than that of the average company. Apple also holds $76 billion of cash and investments.

So, what’s the deal? Apple, if put on the same P/E multiple it traded on in 2006, would be worth $900 billion.

And who has brighter prospects than Apple right now? Read more

AAPL is now most valuable company in the world (Update: Closes lower than Exxon)

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Apple just passed Exxon in Market Cap to become the world’s most valuable company. Quite a turnaround for a company that was on its last legs just over a decade ago.  AAPL passed the 400 mark last month on the back of monster earnings news but fell sharply as the US market plummeted over the last week.  Luckily for Apple, it didn’t fall nearly as sharply as Exxon, in the face of lowered oil costs.

The markets are still open and volatile today but at this moment, 1:19PM EDT, Apple’s market cap is at $341.53B while Exxon Mobile’s is at $341.51B.

Congratulations Apple!

Update 2:00EDT: Apple is now on top by over $1B (image below)

Update2 4PM ET. AAPL closed at $346.74B, Exxon rallied at the end of the day to $348.32B

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AAPL hits 400

Apple briefly hit 400 during after hours trading following the blowout earning release last week, but then fell into the 380s for the open the following day. Since then, it has been on a swift rise back up to 400 where it briefly hit at 12:54 ET today. It has fallen slightly since.

Apple’s market cap is nearing $370B, second only to Exxon who is currently near $410B. (thanks York!)

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