Apple set to surpass ExxonMobil as world's most valuable company
Several sites are reporting that Apple is about to pass Exxon Mobil as the world's most valued company, by market capitalization.
StreetInsider.com reports that Apple's market cap is US$333.7 billion while Exxon Mobil's is $338 billion, meaning they could hit that cap today. We'll keep an eye on it and let you know when Apple surpasses this landmark milestone.
If it turns out to be true, congratulations to Steve Jobs and everyone at Apple. That's an amazing achievement.
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Several sites are reporting that Apple is about to pass Exxon Mobil as the world's most valued company, by market...
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I'm guessing the typo in the title of this post will live on into internet-eternity. Especially now that Michael Grothaus' post is up with the updated news after the markets closed. Oh well! :)
August 09 2011 at 5:27 PM Report abuse Permalink rate up rate down ReplyIt's absolutely staggering that this is still here. What a lack of pride.
August 09 2011 at 6:46 PM Report abuse Permalink rate up rate down ReplyAccording to Google Finance, Apple just did it.
AAPL market cap: $339.77 billion
XOM market cap: $338.31 billion
Now we'll see if that continues through the closing bell...
The gap is widening as XOM falls faster than AAPL.
AAPL: 336.45B
XOM: 331.21B
By the way, the headline on this article is STILL broken. Wow.
Exxon was the largest company on an exchange, therefore making Apple the largest of any company on any exchange. So what market a company is on is irrelevant, Apple is the largest.
August 09 2011 at 1:53 PM Report abuse Permalink rate up rate down ReplyThis company proves you don't have to sell products in Wal-Marts to be successful....TG!
August 09 2011 at 1:30 PM Report abuse Permalink rate up rate down ReplyApple products are sold in WAL-mart, braniac.
August 09 2011 at 2:46 PM Report abuse Permalink -1 rate up rate down ReplyDid you mean....."Brainiac"? ;P
August 09 2011 at 2:57 PM Report abuse Permalink rate up rate downSeriously guys... I can get bast the sophomoric tone and the occasional snark. But for everyone's sake, could you please start proofreading this dribble before you post.
August 09 2011 at 12:42 PM Report abuse Permalink rate up rate down Reply
H
I believe he is referring to the "bast" (past) in above statement that is regarding "proofreading before posting"
August 09 2011 at 2:55 PM Report abuse Permalink rate up rate down
mcdj
I believe they're talking about listed companies only. What about those that are not listed? And what about companies that are listed in exchange other then the NYSE?
August 09 2011 at 12:40 PM Report abuse Permalink rate up rate down ReplyApple trades on the NASDAQ, not NYSE. And yes they are only talking about listed or public companies. That is where the "market" in market value comes from. As far as private corporations go, I cant think of anyone who will touch that. Although, we don't know how much Zuckerburg has in the bank. Not $350B though. I don't understand how this did not happen a week ago though with apple shares over $400. Anyhow, nice job Steve.
August 09 2011 at 1:43 PM Report abuse Permalink rate up rate down ReplySo I wonder how long it will take to fix the headline? It's still broken as I post this...
August 09 2011 at 11:47 AM Report abuse Permalink +1 rate up rate down ReplyThat's so cool, my dad works for Exxon, and from the inside you see just how large the company is and how far their reach is ... To think that a computer company is on par with that scope is great, better if it's Apple !!! I love the future !!!
August 09 2011 at 11:36 AM Report abuse Permalink rate up rate down ReplyYep, it's true. From the press release:
"We are large company in world !"
Please update the headline.
TUAW seems to be struggling at the moment. Come on people, its not that hard.
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