Shaking off yesterday’s skydiving stock market, Apple continued its fevered advance towards becoming the world’s most valuable company. During trading early this morning, Apple’s (AAPL) stock was priced at $365.25(↑ 3.41%) with market capitalization valuing it at $338.68 billion, while Exxon Mobil (XOM) was priced at $64.40 (↓ 1.13%) with market capitalization at $337.48 billion, a difference of $1.2 billion.
However, by the time the markets closed for the day, Exxon reclaimed its spot as most valuable, worth about $348.32 billion as opposed to Apple which closed at $346.74 billion, a difference of $1.58 billion.
At their peak, Exxon and Apple’s stock price was priced at $88 and $404 a share, respectively. According to Techcrunch, Exxon was worth $410 billion just three weeks ago. If oil prices continue to fall and iPads continue to sell like hotcakes, it wouldn’t be surprising to eventually see Apple surge past Exxon and never look back.
“You know what’s cooler than one hundred billion dollars? One trillion dollars.”