Apple: World’s Most Valuable Company Now!
If we talk in the terms of market capitalization, Apple Inc. is, for a moment, the most valuable public company in the world as reported by macrumors. Apple’s market cap surpassed ExxonMobil today, with a $341.55 billion worth, while ExxonMobil valued at $341.42 billion. Though, the stocks of both companies are s are fluctuating, yet for the particular moment, Apple is more valuable company in the world.
Actually, Apple didn’t beat ExxonMobil by surpassing it in price, however. It hasn’t fallen as far as other companies during existing market turmoil. Notably, the stocks of both AAPL and XOM have considerably lowered down as compared to their highs as a result of overall markets slum over the past couple of weeks.
As for market performances, today was a very positive day for Apple as its shares got a boom of more than 4%, while Exxon remained almost flat.
Market experts have already expressed that the investors who would buy Apple stocks at about $370 (lowest price) would turn into billionaires within a year as they predict that Apple shares would kiss the highest value of $540 in near future.Apple