Friday, January 25, 2013
Apple and Exxon are part of the six companies in the U.S. that have reached a market capitalization of over 500 billion U.S. dollars.
U.S. oil giant, Exxon, stepping back Apple's position as the world's most valuable company. This after Apple's stock price, iPhone and iPad maker, slumped. Apple's stock price dropped so that the market capitalization dropped to 413 billion U.S. dollars.
On the other hand, Exxon's market capitalization rose to 418 billion dollars on Thursday (24/01/2013). Apple's stock price plunged again on Friday to 439.88 dollars per share and the stock price of Exxon rose to 91.73 U.S. dollars per share. Apple first surpassed Exxon's position in 2011 and took the position of Exxon as most valuable company universal since 2005. However, Apple's stock price continued to decline since the beginning of 2012 to Friday and make Exxon again perched on top.
Apple's stock price reached a peak in September 2012 for $ 705.07 U.S. dollars per share when the iPhone 5 launch. Chinese oil companies, PetroChina, should have a market capitalization that exceeds Exxon and Apple. However, the value of PetroChina shares based on the stock prices on the Shanghai Stock Exchange, which is insulated from the financial world because of Chinese regulations.
Apple and Exxon are part of the six companies in the U.S. that have reached a market capitalization of over 500 billion U.S. dollars. Apple and Microsoft Corp are two U.S. companies that have a record with a market value of 600 billion U.S. dollars.