Apple’s Market Cap Tickles $400 Billion
Apple’s not the most valuable company in the world yet; that title remains Exxon Mobil’s.
But Apple is fast closing in on it.
With its share price charting a new all-time high Thursday, the company’s market cap passed the $400 billion mark for the first time ever before slipping back in afternoon trading. It’s still within spitting distance of that milestone, though.
That said, it’s got a fair bit of ground to cover before it matches Exxon or surpasses it. The oil giant currently has a market cap of about $417 billion.