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Exxon Passes Apple as World’s Most Valuable Company
/ January 25, 2013 1:29 pm

Citing figures on Google Finance showing Apple’s market cap at $413.89 billion versusĀ $416.50 for Exxon as of this morning, Business Insider reports that after Apple’s massive drop on share price yesterday that the company has lost its position as the world’s most valuable company. After announcing its Q1 2013 Earnings yesterday, in which the company missed on revenue but exceeded expectations on earnings per share, Apple shares (NASDAQ:AAPL) dropped more than 10 percent in after-hours trading, resulting in the significant drop in market capitalization. Apple had been the world’s most valuable company since August of 2011. Read more.

Photo by Flickr user oknovokght, used under Creative Commons license


2 Comments

  • Yes I remember when Exxon used to be the most valuable American company of all., obviously I am talking of years ago. Apple years of hard work took over as the most valuable of the U.S. However I noticed lately Apple might have seen a drop in earnings/revenues because of other companies such as Google and Samsung. Of course, Apple still remains a giant in the industry and it is going to be a successful company anyway.

    I remember reading somewhere that the value of “enterprise value”, as they call it, of Exxon is much higher than Apple’s. That is because Apple’s amount of cash and liquidity is actually a third of the company’s market capitalization. And the remaining value, 2 thirds, is pure value of the company, that is below Exxon’s.

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