Apple Valued at Over $100 Billion

Apple Valued at Over $100 Billion 1Apple Inc.’s market capitalization broke the $100 billion barrier for the first time on Wednesday, as shares of the company surged above $116 following a bullish research report from investment bank Morgan Stanley.

That puts the Cupertino-based company’s perceived market value at nearly twice that of long-time rival Dell, which was valued at $59.8 billion as of noon eastern time, and approximately a third of that of Microsoft, which has been teetering around $295 billion.

Apple Valued at Over $100 Billion 2

[Via Apple=billions]