Following the news that Apple has more cash on hand than the US government, it’s just been announced that Apple has surpassed ExxonMobil to become the world’s most valuable publicly traded company.
Apple’s reign didn’t last that long, as Business Insider is reporting that Exxon is now back on top.
Apple reached $341.55 billion in valuation today, but Exxon quickly caught back up. Both companies’ stock is fluctuating, and it’s worth noting that the stock market has dropped significantly in the last couple weeks. The AAPL and XOM aren’t doing well in light of the current economy.
Still, Apple briefly sat on top. And who knows, the stock could fluctuate in Apple’s favor again. Keep in mind that these valuations are based off completely theoretical value.
Alex Heath is a journalist who works for Tech Insider. He’s the former co-host of The CultCast. He has been quoted by the likes of the BBC, KRON 4 News, and books like “ICONIC: A Photographic Tribute to Apple Innovation.” He lives in Lexington, Kentucky. If you want to pitch a story, share a tip, or just get in touch, additional contact information is available on his personal site. Follow him on Twitter.
16 responses to “Apple Briefly Surpasses Exxon to Become Most Valued Public Company”
And, as of right now, AAPL > XOM by about $2 billion.
Although it’s kinda fun to proudly show off these figures to friends of mine who are still clueless about Macs, I’m not crazy about Apple becoming an even bigger company. I preferred the days when they were the humble underdogs. But then again, I am a little sentimental!
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Apple was 90 days from bankruptcy and now they are on top. No one could have predicted this amazing rise with such a great string of products (sans Lion).
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Tell us more (Lion)
Below are some links of problems people have been having with Lion and a simple Google search will return hundreds of pages. Besides the problems, many reviews blast how many of Lion’s “Features” are useless (Launchpad) and in some cases just annoying (reverse scrolling). In no way is this a comprehensive list. Definitely check out the TUAW link.
http://www.threedevices.com/ho…
http://www.tuaw.com/2011/08/09…
http://forums.macresource.com/…
https://discussions.apple.com/…