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Exxon Mobil Dethrones Apple as World’s Most Valuable Company

Exxon Mobil Dethrones Apple as World’s Most Valuable Company

Apple and Exxon Mobil have been playing leap frog for a while over which company’s stock had the highest market cap, and accordingly, the title of most valuable company. With Apple’s significant slide today in the stock market, Exxon Mobil has once again dethroned Apple for the title. Apple set a new 16-week low today for their share price.

Screen Shot 2013-04-18 at 3.58.23 PM Screen Shot 2013-04-18 at 3.58.45 PM

As seen above, at the time of this article, Apple’s market cap was at 368.16B, compared to Exxon’s market cap of $388.10. With Apple expected to ship a number of new products in the near future, however, including a new version of Mac OS X, new iPhones and iPads, and more, it likely won’t stay that low for long…

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