- Apr 12, 2001
Apple, Inc. is now the most valuable public company in the world as measured by market capitalization. Apple's market cap briefly passed ExxonMobil today, reaching $341.55 billion in valuation. ExxonMobil was valued at $341.42 billion.
Apple didn't pass ExxonMobil by rocketing up in price, however. It merely hasn't fallen as far during the current market downturn. Both AAPL and XOM are significantly off their highs as the overall markets have dropped over the past couple weeks.
Apple's stock is trading at $368.40, off 8% from its all-time high of $404 - but ExxonMobil has fallen farther, down 20% to $70.21 from just over $88.
Article Link: Apple Briefly Ranked as Most Valuable Company in the World
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