Apple shares hit a record high

Apple’s shares broke above $500 for the first time yesterday, following the company’s positive results announcement on 25 January.

At the time, Apple shares rose to $454.45, making it the world’s most valuable company with a market capitalisation of $430 billion.

It is now 17% more valuable than the oil company Exxon Mobil with a market capitalisation of $465 billion, compared to Exxon’s $400 billion.

The company had a record Christmas season, selling 37.04 million iPhones and 15.43 million iPads.