FX.co ★ Apple or ExxonMobil to take first place?

Apple and ExxonMobil, two world giants, are struggling for better economic indicators in one-sided fight. According to The Financial Times Global 500 latest ranking of the most expensive public companies, the Apple figures were much more valid than the results of the ExxonMobil corporation. Creators of a legendary smartphone worked at an accelerated pace to beat back challenge from ExxonMobil. Last year, ExxonMobil was named the most expensive corporation in the world. Currently, the Apple capitalization came in at a record level of $700 billion. According to experts’ estimates, the main competitor for the first place is worth $405 billion. It is noteworthy that ExxonMobil has been the leader from 2006 to 2011, but then the Apple corporation entered the competition. Company's share price has increased by 49 percent since the beginning of the year primarily due to the growth of its financial indicators as well as to sales rising. Based on S&P data, the company took the first place with the result of 11.7%. The second place in this list goes to Microsoft (4.6%). The company's management said that this year was a record, and, according to forecasts, in the first quarter of the following year the revenue will be equal to nearly $66.5 billion. Capitalization is one of the main targets for the companies managing funds of collective investments.