Apple on the verge to overtake Exxon Mobil as the most valuable company

On Tuesday, August 09, 2011 Apple shares reached $346.7 billion briefly outperforming Exxon Mobil’s $341.9 billion. By the end of regular trading Exxon pushed back above Apple by 1.6 billion putting Apple in second as most valuable company. Exxon Mobil closed at $348.32 billion.

Driven by sales of iPads, iPhones and Macs, Apple has been on the heels of Exxon for over a year. Apple passed Microsoft Corp. in May 2010.

Apple shares climbed to $20.80 to close at $374.01 Tuesday.


UPDATE: Wednesday August 10th, 2011.

Apple officially most valuable company.

Both Apple and Exxon’s stock fell today, but Exxon took a harder hit. Apple ended the day with a market value of $337 billion and Exxon $331 billion.

Apple’s August 10th, stock ended at $363.00 a share.

The 10 most valuable companies in the U.S. by market capitalization:
Apple Inc., $337 billion
Exxon Mobil Corp., $331 billion
Microsoft Corp., $203 billion
International Business Machines Corp., $194 billion.
Chevron Corp., $181 billion.
Google Inc., $178 billion.
Procter & Gamble Co., $171 billion.
Berkshire Hathaway Inc., $168 billion.
Wal-Mart Stores Inc., $168 billion.
AT&T Inc., $165 billion.
Johnson & Johnson, $165 billion.
Source: FactSet

Advertisements

About Chris Hall
Hi, I'm Chris, also know as Daddy from the blog "The Adventures of Jaydon and Daddy." I am a stay-at-home dad who loves spending time with my son Jaydon. In my spare time I work evenings and weekends at the Charleston County Library. Be sure to check out our blog, "The Adventures of Jaydon and Daddy."

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: