Apple passes Exxon as most valuable companyNEW YORK (AP) — Apple has again surpassed Exxon as the most valuable U.S. company. Apple Inc.'s stock gained 6.3 percent to $446.76 in Wednesday morning trading, bringing the iPhone and iPad maker's market capitalization to about $415.2 billion. Meanwhile, Exxon Mobil Corp. shares fell 99 cents to $86.19. That gives the oil company a market cap of about $413.17 billion. Cupertino, Calif.-based Apple first surpassed Exxon's market cap in August. The Irving, Texas-based company had held the top spot since 2005. Other big-name corporations, such as Wal-Mart Stores Inc. and General Electric Co., don't even come close. Apple overtook Microsoft, the previous No. 2, just last year. |
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