Apple (AAPL) has lost its title as the word’s most valuable company to Exxon Mobil (XOM) only a year after it reached the milestone. Despite reporting strong earnings this week, expectations are high for the company and its guidance has Wall Street investors worried. Shares of Apple have been hit hard in recent weeks and have continued to fall to a 12-month low. On Friday, the company’s market cap fell below $416 billion, giving Exxon Mobil the title of world’s most valuable company once again. As of publication, Apple is currently trading down more than 2% at $441.36 a share with a market cap of $414.26 billion.
Exxon Mobil dethrones Apple as world’s most valuable company
Updated Jan 25th, 2013 3:09PM EST
If you buy through a BGR link, we may earn an affiliate commission, helping support our expert product labs.
This article talks about:
Apple
Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.
More
Latest News
