apple stock

Exxon Mobil Regains Top Spot From Apple, Once More Most Valuable Corporation

Posted in Apple, News on 26/01/2013 by Chris Hauk

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Apple passed Exxon Mobil back in August 2011 to become the most valuable publicly traded company in the world. But, Apple’s recent slide in the stock market has allowed Exxon Mobil to climb back on top.

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MacRumors:

In the 17 months since Apple passed Exxon Mobil, XOM‘s stock is up some 27%, whileAAPL has risen roughly 18%. Today, however, Apple has set a new 52-week low, while Exxon is matching its 52-week high set last September.

As seen above, at the time of this article, Apple was at $439.88 in after hours trading for a market cap of $413.06 billion, an Exxon Mobil was trading at $91.73 during the after hours session for a cap of $418.23 billion.

Apple’s most recent quarter saw the Cupertino company generating $13.08 billion in profit, on $54.51 billion in sales, with 72,800 employees. Exxon Mobil had a $9.93 billion profit on $115.71 billion in revenue, with 82,100 employees.



Chris Hauk

Author

Chris Hauk

MacTrast Senior Editor, and self-described "magnificent bastard," Chris Hauk owns Phoenix Rising Services and writes for everyone's favorite "bad movie" website, Big Bad Drive-In.

His first Apple product was an iPod Classic 5 years ago, and he has since added a MacBook Pro, iPad, iPhone, and 2 Apple TVs to his collection.

He lives somewhere in the deep Southern part of America. Yes, he has to pump in both sunshine, and the Internet.

Don't forget to check out Chris' two latest endeavors, as the "Apple Expert" at Answers.com, and his own personal tech blog at chrishauk.com