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Apple Closes as the Most Valuable Company in the World
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| Date: August 14, 2011, 9:23 pm |
Feed: MacRumors |
Apple passed ExxonMobil as the most-valuable publicly traded company several times yesterday, but ExxonMobil ended the day ahead of Apple. Both companies' stock prices were down today, but XOM fell quite a bit farther, making Apple the most valuable public company in the world.
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img src="http://images.macrumors.com/article-new/2011/08/aaplvsxom1.jpg" alt="" title="aaplvsxom" width="491" height="314" class="aligncenter size-full wp-image-320537" /
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Apple a href="http://google.com/finance?client=obq=NASDAQ:AAPL"closed/a the day at #36;363.49, with a market cap of #36;337.17 billion. Exxon Mobil a href="http://google.com/finance?client=obq=NYSE:XOM"ended/a at #36;68.03, with the company valued at #36;330.88 billion.
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Apple might be worth more than Exxon Mobil, but XOM remains a much bigger company. Exxon made #36;10.7 billion in profit on #36;121.4 billion in revenue in the June quarter with 83,600 employees.
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Apple made #36;7.3 billion on #36;28.6 billion in revenue with 46,600 employees last quarter.br/
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