Apple Overtakes Exxon Becoming World’s Most Valuable Company
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Apple Inc. surpassed Exxon Mobil Corp. to seize the title of world’s most valuable company, as investor confidence in high-tech growth prospects exceeded faith in the oil industry’s gushing profits.
While both companies declined today, Exxon fell more, leaving it with a market value of $330.8 billion, compared with $337.2 billion for Apple at the close of U.S. markets. Yesterday was the first time Apple passed Exxon in intraday trading.