Apple 2.0

Covering the business that Steve Jobs built

Apple hits a new all-time high

January 31, 2012: 4:19 PM ET

The world's most valuable company is now worth $425 billion, $24 billion ahead of Exxon

Apple (AAPL) capped a post-earnings surge by closing Tuesday at $456.48, a new all-time record high.

In intraday trading it reached as high as $458.24, also a record.

Measured by market capitalization (price per share times number of shares outstanding), Apple is now worth more than $425 billion, making it the world's most valuable company by far.

No. 2 Exxon Mobil (XOM) trails by nearly $24 billion.

Speaking of oil companies, Neowin's Owen Williams points out that according to the Wikipedia chart copied below the fold, Apple's net profit of $13.06 billion last quarter ranks as the fourth largest of all time. What's interesting about the list is that Apple is the only company on it that's not in the oil and gas business.

Click to enlarge.

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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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