Apple's Market Value Tops Exxon Mobil Again

NEW YORK — Apple's stock soared to an all-time high of $454.45 in early Wednesday trading following the record earnings that it reported late Tuesday.

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Thanks to the boost, the company's market value once again was higher than that of oil giant Exxon Mobil, which saw its stock decline slightly amid a broader market decline. As of 10:20 a.m. ET, Apple shares were up 6.3 percent at $446.82, giving the company a market capitalization of $418.3 billion, compared to Exxon's $413.5 billion.

Apple's stock over the past year has traded as low as $310.50. It already had risen in after-hours on Tuesday.

The latest set of earnings seemed to give investors confidence that after the death of Apple co-founder Steve Jobs, the team of CEO Tim Cook can keep the tech company on a growth track.

Email: Georg.Szalai@thr.com

Twitter: @georgszalai