Apple Briefly Surpasses Exxon as Most Valuable Company on Earth

Apple Briefly Surpasses Exxon as Most Valuable Company on Earth

There really isn’t a company that spells success as much as Apple does. Pretty much every single one of their products be they mobile or not has found massive success on the market eventually going on to define the sector. One prime example of this would be none other than the iPhone which pretty much ushered in the full touchscreen touting smartphone form factor forcing companies across the board to take a similar approach. Another would be the iPad which, as Apple likes to tout highly, pretty much created the slate tablet market again forcing companies like Motorola and Samsung to create products like the XOOM and Galaxy Tab 10.1.
Apple Briefly Surpasses Exxon as Most Valuable Company on Earth
Add to this the reports that say Apple actually has more expendable capital than the United States Government and you can easily see that Apple has had quite the successful journey. In fact, over the years they’ve even managed to grow considerably larger than Microsoft who have been one of their main competitors ever since the emergence of the personal computer. But, could anyone besides Steve Jobs really see just how big Apple would grow? Probably not, as the latest news is quite shocking.

According to recent reports Apple is no longer just the biggest tech company in the world but they’re actually the biggest publicly traded company in the world. That’s right, after the recent stock market slump it seems that Apple has managed to oust Exxon Mobile as the most valuable company in the world. To put this into perspective, earlier today Apple had a market cap of around $338.68 billion while Exxon briefly sat at $337.48. Since then, things have went back to normal with Exxon once again taking the lead but it sure will be interesting to see how this pans out as time goes on.[via]

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