Citing figures on Google Finance showing Apple’s market cap at $413.89 billion versus $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.
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