AAPL Stock: 110.38 ( + 0.8 )

Printed from

Apple briefly eclipsing Exxon Mobil as most valuable corp.

updated 02:30 pm EDT, Tue August 9, 2011

Apple still dwarfed in terms of revenue

Apple is currently flirting with a position as the most valuable corporation in the world, periodically exchanging positions with Exxon Mobil, according to Reuters. At one point on Tuesday Apple's market capitalization was tracked at $341.5 billion, versus Exxon's $341.4 billion. Although Exxon has slipped back ahead from time to time, Apple remains in the lead as of this writing at $338.66 billion versus Exxon's $336.6 billion.

Market cap is not a reflection of a corporation's actual size however, and can fluctuate dramatically based on share value. Oil giant Exxon has roughly four times Apple's annual revenue. The relative size of Apple's cap is based in part on expectations of Apple's potential, and also on the turbulent economic situation, which was thrown out of balance after Standard & Poor's downgraded the US' credit rating on Friday.

by MacNN Staff





Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Polk Hinge Wireless headphones

Polk, a company well-established in the audio market, recently released a new set of headphones aimed at the lifestyle market. The Hin ...

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...


Most Commented