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.

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…

J. Glenn Künzler

Glenn is Managing Editor at MacTrast, and has been using a Mac since he bought his first MacBook Pro in 2006. He lives in a small town in Utah, enjoys bacon more than you can possibly imagine, and is severely addicted to pie.