Wednesday, January 5, 2011

Round-up: Apple at US$300b; Alibaba pulls 'iPad 2' listings

- Apple's market capitalisation breaks through US$300 billion on the first day of trading on Monday. On Tuesday, Apple shares rose to a new closing high of US$331.39 and at market close, the company was worth US$303.89 billion. Apple is now the second most valuable publicly traded company in the US and its market capitalisation is US$63.59 billion more than Microsoft's (US$240.3b), the third most valuable publicly traded US company. Apple still has some way to catch up with the leader, Exxon Mobil, though. Exxon's market cap of US$377.69 billion puts it ahead of Apple by US$73.8 billion. (MacDailyNews)

- pulls listings of "iPad 2" cases, reported the Wall Street Journal. "We do not know whether these products are what they say they are, but we have received a legitimate takedown request and are removing the listings," Alibaba Group spokesman John Spelich said Wednesday. (Wall Street Journal)

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