Apple Overtakes Exxon Mobil To Become The World’s Most Valuable Company

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The world’s leading smartphone manufacturer and vendor, Apple Inc., is now the world’s most valuable company as well — surpassing Exxon Mobil Corporation. icon wink Apple Overtakes Exxon Mobil To Become The World’s Most Valuable Company

apple Apple Overtakes Exxon Mobil To Become The World’s Most Valuable Company

Earlier today, Apple’s shares were trading at $367 which made it briefly past Exxon Mobil, with a total worth of more than $341 billion.

Two months ago, Apple was about $50 billion less in worth than the oil and gas corporation. But after reporting record sales (in the last few weeks) of two of the most popular gadgets i.e. iPad and iPhone, it has managed to take over the top position.

On the other hand, Exxon Mobil has seen a steeper decline as oil prices have fallen over the past few days. For how long Apple will be able to keep the top spot? We will have to wait and see where the market settles at the end of the week to find that out.

[via Mashable]

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