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Exxon Regains Title of World’s Most Valuable Company as Apple Stock Drops

As Wall Street reacts to Apple’s ‘disappointing’ Q1 2013 earnings, the stock price continues to drop. The market cap of Apple has now been overtaken by Exxon Mobil, which previously had its crown removed by Apple back in fall of 2011.

Screen Shot 2013 01 25 at 9 55 57 AM

Exxon, as of writing has $417.45 billion in market cap compared to Apple’s $412.61 billion. The companies traded titles of the most valuable company back and forth in August of 2011. As Apple’s stock price continues to fluctuate, expect the titles to go back and forth between both companies again.

Founder and Editor-in-Chief of iPhoneinCanada.ca. Follow me on Twitter, and @iPhoneinCanada, and on Google+.

  • Roger Payne

    Apples needs to take a page out of RIM’s book…

    Weather the storm…but more importantly, do not follow RIM’s footsteps and prematurely release your next product unfinished. Do that and they won’t get annihilated like RIM has to the point where they’re facing a DO or DIE situation.

  • http://www.iphoneincanada.ca Gary

    With RIM, they talked like nothing was going to change and their product was better than the competition. Heck, their CEOs even downplayed apps. That was their failure.

  • Anon

    Yup. Lack of innovation killed RIM. Same thing will happen to Apple, if the next iOS and iPhone/iPad are a disappointment. They need to stay a step ahead of the competition, and quite frankly, I think they are falling behind.

  • Mohamad

    They need to bring innovation to their softwares their hardwares are great as we see in past years they just have updated the hardware like making iphone thinner but where is a really new software!