Tech giant Apple could eclipse Exxon to become world’s most valuable company

“The next claimant to the title of the world’s most valuable company may well be Apple,” John Paczkowski reports for AllThingsD.

“The company’s latest monster quarter and the surge in share price it inspired has set Apple on a path to overtake Exxon Mobil as the most valuable company in the world by market capitalization,” Paczkowski reports. “Indeed, with a $358.9 billion market value on Thursday, Apple was just $62 billion short of Exxon’s $421.5 billion.”

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Paczkowski reports, “And with a number of potential catalysts in the offing — the debut of a next-generation iPhone and the impending launch of iCloud, for example — some analysts say Apple may surpass Exxon Mobil within the next year.”

Read more in the full article here.

[Thanks to MacDailyNews Reader “GetMeOnTop” for the heads up.]


  1. I sort of miss the days when Apple was the feisty underdog. It is turning into a monster juggernaut, and there lies lots of danger for them in terms of hubris and arrogance. Not that much of that is showing just yet, but, human nature will eventually prevail .

  2. I’ve been right about AAPL to date, and modeled it to hit $450 this year, adjusted for PBAJ, and $610 by 2013 using a LATTE evaluative projection scale.

  3. The day you can run your car on Apple special blend gasoline will be the day Apple eclipses ExxonMobil in market value. Their last reported quarterly earnings was $10.65 billion vs. $7.1 billion for Apple.

    1. First, I am surprised that the gap is so narrow.

      Second, a company’s value (share price) incorporates the market’s assessment of future earning potential. Exxon’s has few ways to invent or innovate that increase its future revenues; Apple has countless prospects for doing just that. That is why Apple is likely to overtake Exxon.

      1. But Exxon has a large quantity of proven reserves that will continue to grow in value as the price of oil increases. On the other hand, when fusion power becomes viable, the price of oil will plummet…

  4. The market for Gasoline in NA is saturated (I own 8 guzzlers myself). Nut the market got apple products is not close to saturation. They will surpass Exxon within a year or two.

  5. And that is just a drop in the bucket compared to what Obama, not Bush, has run up in just two and one half years.
    Spend, spend, and nothing to show for it except two million less people working.

    1. Sure love to have the $3 trillion that George’s two wars are costing us. And just think if he had been smart enough (I know, HUGE leap of faith) to recognize the mortgage loan/banking industry’s imminent collapse and worldwide implications thereof, and insist on stricter regulations. Second thought, forget it! Leave a multi-trillion-ton turd in the next guy’s pocket!!!!

  6. Cool! Previous companies who have hit the current number 2 spot are surprisingly MS and Cisco…. years ago lol

    Id put my money on exxon taking the title back in the future as energy prices soar and the world reaches peak oil and the downturn of the inevitable bell curve. Oil will be worth astronomical sums in the future.

    1. Exxon is a one trick pony, in a rapidly changing world with a depleting asset.

      Soon alternative fuels and electric vehicles will replace any need for Exxon or it’s products.

      1. I sure hope so but I’m not holding my breadth.

        So far we have found nothing that meets or beats oil for energy and a ton of other things.

        We literally have built our modern world on it.

        Even if we make an ‘alternative’ it will take oil to produce it in some quantity. Buy any product in this day and age and oil was involved in the manufacture and delivery of that product and in many cases the product itself contains oil.

  7. I’m not too worried. Apple is still feisty, just a feisty juggernaut now. I expect them to be the first trillion dollar market valuation company in a few years. Sooner if they get priced at a P/E ratio commensurate with their performance.

  8. The question is how long they can keep doubling their YOY earnings. Once sales show signs of peaking the stock will likely tank.

    Of course AAPL should go much higher, but market sentiment and reality are often mutually exclusive.

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