Apple Now Worth Over $300 Billion (AAPL, XOM, MSFT)

Apple Inc. (NASDAQ: AAPL) is hitting new all-time highs yet again on the first trading day of 2011.  What is more interesting is that its $329.76 price currently generates a market cap of right at $302.5 billion.  This move of 2.2% higher this morning makes Apple only one of two American stocks worth some $300 billion.

If you review our Real-Time 500, Apple shares are still about $75 billion shy of Exxon Mobil Corporation (NYSE: XOM) with its $375+ billion market cap.  Its lead over Microsoft Corporation 9NASDAQ: MSFT) is now more than $60 billion versus the implied market cap of $240.4 billion.

We recently showed a full review of what the 2011 outlook for Apple is, and more importantly what Apple would look like if it achieves those stock price targets.

Apple generated gains of 52% for all of 2010.  From the lows seen in February 2009, those gains are 272%; and the gains are roughly eight-fold since its last stock split in early 2005.  Apple shares hit a new all-time high of $330.20 this morning.  What alarm problems?  The drum beat continues…

JON C. OGG