“So far, Apple Inc. seems to be doing just fine without Steve Jobs, the man who co-founded the company and later rescued it from bankruptcy to turn it into the world’s most valuable technology concern,” David Sarno reports for The Los Angeles Times.
“Jobs stepped down as chief executive last month, but Apple stock has been on the rise since then, and on Friday closed above the $400 mark, just $4 shy of its all-time high,” Sarno reports. “The company has also maintained its lead above oil giant Exxon Mobile as the world’s most valuable company of any kind.”
MacDailyNews Take: Apple Inc. in the most valuable publicly-traded company.
Sarno reports, “Apple seems to be pulling away. It’s market capitalization of $371 billion is now nearly $10 billion ahead of Exxon’s $362 billion, and the oil company’s stock has seen few gains in the last month.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]