Apple Nearing Wal-Mart’s Market Cap
Apple’s shares have been on a tear following the announcement of the iPad, and with the device nearing its market debut, they’re rising to new heights. As I write this, they’re trading at $229.45, a fresh 52-week high and a new all-time high as well.
Apple today has a market cap of $207.99 billion. That means it ranks fourth on a list of the Top Five publicly traded U.S. companies–just below Wal-Mart.
That’s right: Just below Wal-Mart.
- Exxon Mobil (XOM): 315.05 billion
- Microsoft (MSFT): 261.71 billion
- Wal-Mart (WMT): 212.19 billion
- Apple (AAPL): 207.99 billion
- Berkshire Hathaway (BRKA): 202.54 billion
An astonishing turnaround for a company whose market cap bottomed out at $630.9 million back in 1982.
Incidentally, at 207.99 billion, Apple’s market cap is more than seven times that of Dell’s (DELL) 29.44 billion, which is pretty funny considering Michael Dell’s proposed solution to Apple’s late-’90s woes…
UPDATE: As a commenter below notes, Apple actually surpassed Wal-Mart’s market cap briefly a few weeks back.
