Apple Crosses $300 Billion in Market Capitalization

Apple Crosses $300 Billion in Market Capitalization

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Apple surpassed $300 billion in market capitalization this morning crossed a major psychological barrier, according to FORTUNE.

In a broad 2011 rally that pushed the Dow up nearly a point in mid-morning trading Monday, Apple (AAPL) popped more than $7 (2.25%) to hit new record intraday highs -- and to cross a major psychological barrier. The company's market capitalization -- its stock price times the number of shares outstanding -- is now more than $300 billion.

Apple is still trailing ExxonMobile, the world's most valuable company. Last October the gap narrowed to less than $50 billion; however, ExxonMobile has now widened its lead to more than $73 billion.

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Apple Crosses $300 Billion in Market Capitalization

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