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Apple Tops $700 Billion Valuation With IPhone, IPad Demand

2014-11-26 00:01:20| Energy - Topix.net

Shares of the iPhone maker rose 0.8 percent to $119.59 at 9:35 a.m. in New York, giving it a valuation of more than $701 billion, a milestone that no other U.S. company has ever reached. That puts Apple at 1.7 times the capitalization of the world's second-biggest company, Exxon Mobil Corp. Exxon, which has lost about $43 billion during the five-month oil rout, has a capitalization of $405 billion.

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