Apple, Exxon Competing for Most Valuable Company Crown

By Roberto | August 9, 2011 | 2 comments

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Stock markets fluctuate constantly, of course the current economy will make it even more volatile. Apple and Exxon seem to be following the same trend these days. In recent weeks, both companies have been competing for the most valuable public company in the world (as measured by market capitalization).

Today, for a brief moment, Apple’s market value passed ExxonMobil. Apple reached $341.55 billion in valuation, while ExxonMobil was valued at $341.42 billion.

Apple’s stock (AAPL) have risen over the last year to astronomical levels for a company that was struggling over a decade ago.

Market analysts have been predicting that Apple’s stock value will increase up to $540 over the next 12 months. This positive outlook seems to be mostly associated with the company’s overwhelming control of the tablet market and its continued success with the iPhone product line.

Apple’s stock has had a strong day, with an increase of close to 4%. We will keep monitoring today’s events. The two massive companies will probably go neck-to-neck for the rest of the day.

Editor’s Note: Keep in mind that both stocks and corresponding market cap will continue to fluctuate.

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About Roberto: A blogger with a passion for applications, gadgets, new technologies, and everything new in this ever-changing technological world. Contact me via Twitter: @PG_Roberto

Anonymous

So you think Apple really cares about the consumer? Giving them the best deal possible? Not with those margins their making.. All those ipads sold = lots of uninformed consumers believing the hype apple is spitting out.

http://twitter.com/pg_roberto PG_Roberto

No question Apple’s products are expensive, but that is part of their strategy as a company. They build products with a great experience (not perfect, but great experience), with very good quality, and they are a tremendous marketing machine. In addition, their strategy of having Apple Stores in many places to gain close contact with the consumer has also paid off.