Apple on the verge to overtake Exxon Mobil as the most valuable company
August 9, 2011 Leave a comment
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.