The computer maker is once again the world's most valuable company
As the Dow Jones industrial average plunged another 500-plus points Wednesday, Exxon Mobil (XOM) plunged more than Apple (AAPL) and once again gave up its long-held spot as the No. 1 public company in the world in terms of market capitalization.
When the closing bell rang, Apple closed on top for the first time. The tale of the tape looked like this:
Co. Price Change % Market cap
Apple $363.39 -10.32 -2.76% $337.17 B
Exxon $68.03 -3.14 -4.41% $330.77 B
On Tuesday, Apple's market cap (share price times number of shares outstanding) briefly overtook Exxon's, although Exxon ended the day ahead. See here.
One day later, Apple became the world's most-valued company by a cool $6.4 billion.
As of Monday morning the stock was officially down for 2011
Explain this, if you would.
Two days before Apple (AAPL) was expected to report record earnings -- with customers snapping up iPhones faster than it can make them and others still camping out overnight to buy the latest iPad -- the world's most valuable technology company on Monday was down more than $7 (2.2%) in early morning trading.
It would be one MOREPhilip Elmer-DeWitt - Apr 18, 2011 10:33 AM ET
Giving ExxonMobil a run for its money in the race to be the world's most valuable company
In a broad 2011 rally that pushed the Dow up nearly a point in mid-morning trading Monday, Apple (AAPL) popped more than $7 (2.25%) to hit new record intraday highs -- and to cross a major psychological barrier.
The company's market capitalization -- its stock price times the number of shares outstanding -- is now MOREPhilip Elmer-DeWitt - Jan 3, 2011 10:46 AM ET
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