Thursday, August 11, 2011

Apple passes Exxon to become world's most valuable company

Apple passes Exxon to become world's most valuable company

As of market close on Wednesday, Apple's market capitalization totals $337.17 billion - nearly $6 billion higher than Exxon Mobile at $330.77 billion - making Apple the most valuable company in the world. Apple's market cap topped Exxon's briefly during trading on Tuesday, but Exxon rallied ahead of close to regain the No. 1 spot. Shares of Apple stock fell 2.8% to $363.69 on Wednesday, while Exxon's stock dropped 4.4% to $68.03 as trading closed. Mobile devices like the iPhone and iPad have helped breathe new life into Apple, which found itself on the verge of bankruptcy 15 years ago. While Apple and Exxon may bounce around as No.

Boy Genius Report, Apple passes Exxon to become world's most valuable company

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