Photograph by Victor Blue/Bloomberg via Getty Images
Apple Is No.1, Briefly
In August, Apple's market value was $337.2 billion, surpassing Exxon Mobil Corp. for the first time and crowning the maker of iPhones -- at least temporarily -- as the world's most valuable company. Another tech company to claim that title was Cisco Systems, which is now valued at about $99 billion. Apple's rise to the top spot follows a 14-year transformation from a personal-computer also-ran into a seller of everything from smartphones to digital music. Not bad for a company that at one point was 90 days away from bankruptcy, according to its late co-founder, Steve Jobs.