Apple has set a new all-time record in its market capitalization (the number of shares outstanding for the price of each) by reaching $292.76 billion and surpassing PetroChina Co. in terms of market value, something that crowns it as the second largest company in the world just behind Exxon-Mobil with $313.3 billion.
Due to the constant fluctuations of these types of values, at the time of writing their capitalization has stabilized around $265.8 billion, still above PetroChina’s $265.5 billion. These dizzying figures are due to the value of its shares on the Nasdaq market, close to 289 dollars per share ; 100 dollars more than the same share cost at this time last year.
The company led by Steve Jobs surpassed Microsoft during May when it reached 227.97 billion dollars, an achievement that placed it as the second largest U.S. company in the world. The difference lies then in that with the figures obtained today, Apple is already the second largest regardless of nationality.