Apple Stock Trading at $ 410, now Most Valuable Company in the World
Friday evening Apple shares reached all time high $ 410 in stock, giving the Cupertino company the most valuable companies in the world based on market capitalization. Exxon Mobil ranks second in this ranking with a market valuation of $ 25 billion less than that of Apple. This is not the first time Apple ranks first among the most valuable companies in the world based on market capitalization and certainly will not last. This increase comes after the resignation of Steve Jobs, resignation, which took place last month but has no negative effect on company value.
For Apple this title is worthless but the stock price matters most after the launch of iPhone 5 / iPhone 4S and may be we could see a much larger increase in stock of the Cupertino company.
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