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.
|Albertsons to merge with Safeway|
|ID'ing alleged Bitcoin creator leads to L.A. car chase|
|Russia already paying price for Ukraine|
|China has first corporate bond default by solar firm|
|The bull market at 5: Not old yet|