Apple Surpasses $300 Billion in Market Cap

NEW YORK (TheStreet) -- As we roll into what's expected to be a big year for tech, Apple(AAPL) opens with another milestone: Its market cap now exceeds $300 billion.

Apple stock hit another new high Monday, up more than $7.20, or 2.24%, in midday trading to $330.19.

Its market capitalization, or its share price multiplied by its number of shares outstanding, was hovering at more than $302 billion.

In that respect, Apple has been the most valuable company in tech since surpassing Microsoft's(MSFT) back in May. While Microsoft has spent much of the past few years lagging behind other tech giants in product innovation, Apple has continued to release a series of consumer-proclaimed blockbusters, including its market-leading iPad last spring.

Apple is now the world's second-largest company behind Exxon Mobil(XOM), whose market cap simmers at $375.87 billion.

--Written by James Rogers in New York.

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