Apple now world’s most valuable company, passing Exxon | iLounge News

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Apple now world’s most valuable company, passing Exxon

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By Charles Starrett

Contributing Editor
Published: Tuesday, August 9, 2011
News Categories: Apple

Marking another major milestone in its 15-year resurgence, Apple today passed Exxon Mobil to become the most valuable company in the world. As of this writing, Apple’s shares are priced at $365.79, giving the Cupertino, CA-based company a market capitalization of $363.95 billion, ever so slightly ahead of Exxon, which, at $70.01 per share, has a market cap of $363.78 billion, according to Marketwatch. As with any stock-based company claim, Apple’s position as the world’s most valuable company is subject to the volatile stock market and could change from day to day or hour to hour. That said, even briefly holding such a prestigious title is quite an achievement for the once nearly liquidated company, and deserves special recognition.

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