Apple stock finished Wednesday up 0.29% at US$325.16 with an average volume of 17.71 million shares. In the pre-market hours Thursday, Apple shares were trading down 0.05 percent to $325.00 on the NASDAQ stock market.
Apple’s market cap hit $298.27 billion on Wednesday, leaving it ahead of rival Microsoft, which has a market cap of $241.16 billion. This makes it the the largest technology company in the world and second largest company in market capitalization, reports the “International Business Times” (http://macte.ch/zUAzc).
In September, Apple overtook PetroChina to become the world’s second largest company by market value. However, it still has a long way to go to pass Exxon Mobil Corp. in the market capitalization, where the oil giant retains the top spot with a whooping $367.10 billion, notes the “Times.”