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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