Last year, Apple
During the selloff that kicked off August, the Mac maker surpassed Exxon Mobil
Today, Apple hit a new market-cap milestone as it broke into uncharted territory. As of this writing, Apple's intraday high has been $431.37, and when you multiply that by the 932 million shares outstanding, you'll notice that its market cap reached as high as $402 billion, breaking $400 billion for the first time ever.
Note that the chart above represents market caps based on the previous day's close, as opposed to the intraday figure calculated above for Apple. Exxon still reigns as top dog with roughly a $422 billion market cap, but it's safe to say that Apple is still the largest tech company in the world by market cap. Cupertino topped Microsoft's
Looking at revenue on a trailing-12-month basis, Apple has also recently squeezed out a lead over fellow tech giant IBM
When it comes to competing with HP, Apple may be about to swoop in and steal a different title from the embattled PC maker. If you assume that the iPad counts as a PC, which is a distinction debatable from both perspectives, then Apple may be about to claim the name, by shipments, of top PC maker in the world.
With Apple set to report earnings on Tuesday, with hints of a blowout, we'll see how Mac and iPad shipments turn out and whether or not Apple can take the lead.
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Fool contributor Evan Niu owns shares of Apple, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Microsoft, International Business Machines, and Apple. Motley Fool newsletter services have recommended buying shares of Apple and Microsoft. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. Motley Fool newsletter services have recommended creating a bull call spread position in Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.