toggle

AAPL Stock: 93.94 ( -0.49 )

Printed from http://www.macnn.com

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

POST TOOLS:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Patriot Aero Wireless Mobile Drive

Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, ...

Patriot Fuel+ 6000 and 9000mAh batteries

Mobile device batteries are better than they used to be, but there's always a scenario where users could use more juice. Upgrade manu ...

toggle

Most Commented