All items tagged with "exxon mobile"

Apple Is No Longer The Most Valuable Public Company On Earth, And That’s Ok [Opinion]

Is Apple to blame for its sliding stock?

Is Apple to blame for its sliding stock?

It’s hard to forget the day that Apple surpassed Exxon Mobil to become the most valuable publicly traded company in the world. But a lot has happened to Apple’s stock since August of 2011. AAPL has ridden a chaotic roller coaster on the stock market. After announcing a record holiday quarter Wednesday with $54.5 billion in revenue and $13.1 billion in profits, AAPL dropped more than 10%. That’s more than $50 billion in market cap gone in a day. Poof.

Apple’s stock isn’t doing so hot, and after over a year in second place, today marks the day that Exxon Mobil dethroned Apple on Wall Street.

And that’s ok. This doesn’t mean that the company is doomed.

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Apple Passes Exxon As World’s Most Valuable Company

Apple Passes Exxon As World’s Most Valuable Company

Apple has passed Exxon as the world’s most valuable company before, only to lose the title shortly thereafter, but after last night’s blow-out holiday quarter results, Apple is once again the undisputed king of Wall Street, beating Exxon Mobil’s market cap by a cool $6 billion. Let’s hope this time it lasts!