Apple is Now the Worlds Most Valuable Company
Apple’s market capitalization reached $341.5 billion today in trading, becoming the worlds largest and most valuable company. Apples new position in the top spot just barely edges out oil giant Exxon Mobil’s $341.4 billion, and is more of a function of the skittish behavior on Wall Street than any particular news today since both stocks are down quite a ways from their 52-week highs. Nonetheless, this is quite an amazing feat for a company that was just $7.68 a share a decade ago and on the verge of bankruptcy.
If you really want shareholder envy, check out what your net worth would be if you had invested in Apple stock rather than buying Apple equipment.
Just look at Apple’s 10 year chart when compared to cash-cow Exxon:
Anyone else wish they owned Apple stock?