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…
Via NYT.
Leander Kahney is the editor and publisher of Cult of Mac.
Leander is a longtime technology reporter and the author of six acclaimed books about Apple, including two New York Times bestsellers: Jony Ive: The Genius Behind Apple’s Greatest Products and Inside Steve’s Brain, a biography of Steve Jobs.
He’s also written a top-selling biography of Apple CEO Tim Cook and authored Cult of Mac and Cult of iPod, which both won prestigious design awards. Most recently, he was co-author of Cult of Mac, 2nd Edition.
Leander has been reporting about Apple and technology for nearly 30 years.
Before founding Cult of Mac as an independent publication, Leander was news editor at Wired.com, where he was responsible for the day-to-day running of the Wired.com website. He headed up a team of six section editors, a dozen reporters and a large pool of freelancers. Together the team produced a daily digest of stories about the impact of science and technology, and won several awards, including several Webby Awards, 2X Knight-Batten Awards for Innovation in Journalism and the 2010 MIN (Magazine Industry Newsletter) award for best blog, among others.
Before being promoted to news editor, Leander was Wired.com’s senior reporter, primarily covering Apple. During that time, Leander published a ton of scoops, including the first in-depth report about the development of the iPod. Leander attended almost every keynote speech and special product launch presented by Steve Jobs, including the historic launches of the iPhone and iPad. He also reported from almost every Macworld Expo in the late ’90s and early ‘2000s, including, sadly, the last shows in Boston, San Francisco and Tokyo. His reporting for Wired.com formed the basis of the first Cult of Mac book, and subsequently this website.
Before joining Wired, Leander was a senior reporter at the legendary MacWeek, the storied and long-running weekly that documented Apple and its community in the 1980s and ’90s.
Leander has written for Wired magazine (including the Issue 16.04 cover story about Steve Jobs’ leadership at Apple, entitled Evil/Genius), Scientific American, The Guardian, The Observer, The San Francisco Chronicle and many other publications.
Leander has a postgrad diploma in artificial intelligence from the University of Aberdeen, and a BSc (Hons) in experimental psychology from the University of Sussex.
He has a diploma in journalism from the UK’s National Council for the Training of Journalists.
Leander lives in San Francisco, California, and is married with four children. He’s an avid biker and has ridden in many long-distance bike events, including California’s legendary Death Ride.
You can find out more about Leander on LinkedIn and Facebook. You can follow him on X at @lkahney or Instagram.
21 responses to “Apple Is Within Spitting Distance Of Being World’s Most Valuable Company”
Incredible.
I just paid $21.87 for an iPaad2-64GB and my girlfriend loves her Panasonic Lumix GF 1 Camera that we got for $38.76 there arriving tomorrow by UPS. I will never pay such expensive retail prices in stores again. Especially when I also sold a 40 inch LED TV to my boss for $657 which only cost me $62.81 to buy. Here is the website we use to get it all from, http://to.ly/aT8h
if only you’d stop this sh*it
So if Apple does become the most valuable company on the planet does that mean Jobs will issue a public apology for his bullshit lies at D8 and finally take responsibility as knowing accomplices to worker abuse and suicides in China ? Oh wait the greedy iTards and cool aid swilling Apple Juice fan boys who own Apple stock would have a cow if they found out CrApple was throwing money at trying to improve working conditions in Foxxconn. Guess the answer to my question is a big fat NO.
God I hate you
Cult of inadequate comment moderation ;)
Check out this great apple blog!
http://applefanboynews.com/
Wow, dude, Anger Management classes…
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Put some ear plugs in your ears and cover your eyes because I’m gonna be running through the streets naked and yelling at the top of my lungs that Apple is the most powerful and wealthiest company on the freakin’ planet and that all the iHating mofos, the Droidtards and Wintards can stick it up their poop chutes. I’m just hoping the world doesn’t fly off its axis and hurtle into the sun because of Apple becoming the greatest force in the solar system. Damn it, boy! The freakin’ revolution is taking place and you are nothing but a useless bystander. Go, Apple, go!!!! Crush the iHaters and knucklehead pundits who doubted Steve Jobs’ Reality Distortion Field would change the whole damn computer industry. To hell with the non-Apple using losers for they shall be cast out of the firmament forever.
Watch my iTard victory dance, sucka. Woooo-hoooooooo! I’m shakin’ my moneymaker.
As a matter of interest, and by way of lighting the path ahead, is there anything Apple has done in the past 5 years that meets with your highly developed personal standards?
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