Click to Skip Ad
Closing in...

Apple passes Exxon to become world's most valuable company

Updated Dec 19th, 2018 7:25PM EST

If you buy through a BGR link, we may earn an affiliate commission, helping support our expert product labs.

As of market close on Wednesday, Apple’s market capitalization totals $337.17 billion — $6 billion higher than Exxon Mobile at $330.77 billion — making Apple the most valuable company in the world. Apple’s market cap topped Exxon’s briefly during trading on Tuesday, but Exxon rallied ahead of close to regain the No. 1 spot. Shares of Apple stock fell 2.8% to $363.69 on Wednesday, while Exxon’s stock dropped 4.4% to $68.03 as trading closed. Mobile devices like the iPhone and iPad have helped breathe new life into Apple, which found itself on the verge of bankruptcy 15 years ago. While Apple and Exxon may bounce around as No. 1 and No. 2 in the days and weeks to come, Apple’s climb from dire straights to the world’s most valuable company will likely be studied in business schools around the world for decades. Apple is expected to launch new iPhone and iPad models this fall.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.