Thanks to the massive stock selloff today, Apple is within $16 billion of displacing Exxon Mobil as the the world’s most valuable company.
At market close, Exxon Mobil’s stock fell $3.88 (4.9 percent) giving it a market cap of $366 billion. Apple’s stock fell too, but only $15.20 (3.87 percent) for a market cap of $350 billion. That puts Apple within $16 billion of Exxon. Two weeks ago, the gap was $50 billion. Any day now…
Leander Kahney is the editor and publisher of Cult of Mac, and author of three books about technology culture: Inside Steve’s Brain, the New York Times bestseller about Steve Jobs; Cult of Mac; and Cult of iPod. Leander has written for Wired, MacWeek, Scientific American, and The Guardian in London. Follow Leander on Twitter @lkahney and Facebook.