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At the end of regular trading Monday, Apple shares closed at $411.63, up 2.78 percent, with a new record-high market valuation of $381.62 billion. It is now clearly the most valuable company on the stock market, displacing Exxon Mobil, with a market capitalization of $358.34Â billion.
Mind you, Apple’s stock growth comes just one month after Steven P. Jobs, the Apple co-founder andÂ formerÂ chiefÂ executive, resigned from the companyÂ because of health problems. Timothy D. Cook, the company’s chief operating officer, took over the chief’s position.
The stock performance on Monday suggests that investors have quelled their fears that Apple could not continue to innovate without Mr. Jobs at the helm. Apple is expected to introduce the iPhone 5 in the coming weeks.