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FX.co ★ Apple surrenders the title of the world’s most valuable company

Apple surrenders the title of the world’s most valuable company

Apple surrenders the title of the world’s most valuable company

During Friday’s trading session on January 25, Apple lost the title of the world’s most valuable publicly traded company to Exxon Mobile, Reuters reports.
Apple stocks tumbled 2.4% during the session to $439.88 per share. Thus, company’s market capitalization reached $413 billion.
Exxon Mobil stocks on the contrary grew 0.4% to $91.73 per share. Company’s market capitalization hit $418.2 billion.
The agency notes that since September 2012, Apple’s market capitalization declined approximately $250 billion.
For the first time Apple eclipsed Exxon Mobil as the most valuable company in August 2011.

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