Bottom line: Apple, whose market capitalization trailed Exxon's by $50 billion three months ago, and which first overtook Exxon six weeks later, is now the world's most valuable public company by $35.87 billion.
When the rest of the market is tanking, the company's shares offer a relatively safe haven
On Monday, when the Dow opened down $250, Apple (AAPL) rose $11.13 (2.78%) to close at a new record $411.63. On Tuesday, Apple opened at $415.35 and hit $422.86 shortly after noon.
UPDATE: Apple closed Tuesday nearly where it started, at $413.45, up $1.82 (.44%) for the day.
To put Monday's close in perspective:
Apple shares were up MOREPhilip Elmer-DeWitt - Sep 20, 2011 7:33 AM ET
When the market closed, it was once more the world's most valuable public company
When analysts warned that the greatest risk to Apple's (AAPL) share price was Steve Jobs, they assumed that when he stepped down the stock would fall.
So much for that theory.
If the market action Thursday was ambiguous (the stock fell a bit, but less than the major indices), the message Friday was not. Apple rose $9.86 (2.64%) to close MOREPhilip Elmer-DeWitt - Aug 26, 2011 7:22 PM ET
The closing bell rang Wednesday with Apple's market cap, for the first time, at No. 1
Apple (AAPL), for now at least, is the world's most valued company by market capitalization (determined by multiplying a company's stock price times number of shares outstanding). Here's how it happened:
It caught up to Google (GOOG) in mid-2009
It overtook Walmart (WMT) in March 2010
It passed Microsoft (MSFT) in May 2010
It caught up to Exxon Mobile MORE
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 MOREPhilip Elmer-DeWitt - Aug 10, 2011 11:55 AM ET
Moves up from 59th place in 2010 based on boffo sales growth and return on investment
In what Barron's describes as "a tip of the hat" to the corporations that generated the most revenue growth and cash returns in recent years, the magazine moved Apple (AAPL) up 55 spots in its 13th annual ranking of America's 500 largest companies that aren't currently in bankruptcy.
"While such operating success might not generate immediate MOREPhilip Elmer-DeWitt - May 7, 2011 12:31 PM 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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