Apple is Now the Most Valuable Company in the World
By on August 9th, 2011

The moment I have been waiting for is finally here. In the past few months, we have seen Apple’s stock gradually scale new heights. Apple’s market capitalization first exceeded the market capitalization of its arch nemesis, Microsoft, almost a year back.

Right now, it’s almost $120 billion ahead of Microsoft.

It had been the second most valuable company in the world for a few months now, and has been closing in on its target – Exxon Mobil, the number one corporation in the world by market cap.

Today, it has surpassed Exxon Mobil, to become the most valuable company in the world. Apple now has a market capitalization of $349.49 billion, compared to Exxon Mobil’s market cap of $349.42 billion.

I’ve attached the screenshots, just in case you miss it if the stock prices fluctuate too much.

XOM: $341.42 billion. AAPL: $341.49 billion. #LikeABoss

Apple

Exxon Mobil

Go Apple!

Update: Apple seems to be back below Exxon Mobil again, due to some price fluctuations. However, I’m sure it’s only a matter of time before it regains its number one status.

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Author: Pathik Google Profile for Pathik
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Pathik has written and can be contacted at pathik@techie-buzz.com.
 
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