Apple knocks out Exxon Mobil now number one- The Ten Most Valuable Companies In America
Apple dethroned Exxon Mobil- About a year ago Apple passed Microsoft to become the biggest company in tech and today after knocking off Exxon Mobil, company become the most valuable public company in the world. At the start of the year it was still $75 billion behind Exxon. Apple sales have increased 80 percent this year — about 10 times faster than the average company.
The company debuted the iPod music player in 2001. The online iTunes music store has made Apple the world’s largest music retailer. Then in 2007 came the iPhone. The company has now sold 125 million of them. Since 1997, when Apple’s one share was worth about $5.4, they have gone up by almost 75 times. Apple was founded in 1976. Its headquarters is based in Cupertino (Calif.), and the total number of employees – 35,000 people.
At the time of writing Apple’s market capitalization value remains at $347bn, while Exxon’s value is still hovering around the $348bn mark, setting the companies pretty much neck and neck.With Apple’s business still growing rapidly as it introduces new products and moves into new markets, and the oil business more limited in its growth prospects and buffeted by fluctuating oil prices, the prospects look good for Apple to then hold onto the top spot for quite some time.
Steve Jobs apple
The Ten Most Valuable Companies In America
10. Procter & Gamble
Market cap: $167 billion
Current stock price: $59
52 week high/low: $68/$57
Industry: consumer products
9. AT&T
Market cap: $167 billion
Current stock price: $28
52 week high/low: $32/$26
Industry: telecommunications
8. Berkshire Hathaway
Market cap: $170 billion
Current stock price: $68
52 week high/low: $87/$66
Industry: conglomerate
7. Wal-Mart
Market cap: $171.bilion
Current stock price: $50
52 week high/low: $58/$49
Industry: retail
6. Google
Market cap: $180 billion
Current stock price: $560
52 week high/low: $642/$447
Industry: Internet
5. Chevron
Market cap: $183 billion
Current stock price: $91
52 week high/low: $109/$72
Industry: oil
4. IBM
Market cap: $200 billion
Current stock price: $167
52 week high/low: $185/$122
Industry: technology
3. Microsoft
Market cap: $206 billion
Current stock price: $24.55
52 week high/low: $29.50/$23.30
Industry: software
2. Exxon Mobil
Market cap: $342 billion
Current stock price: $70
52 week high/low: $88/$58
Industry: oil
1. Apple
Market cap: $342 billion
Current stock price: $368
52 week high/low: $404/$235
Industry: consumer electronics
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