“In January, with Apple’s share price in a tailspin, the big news everywhere from the Wall Street Journal to the Huffington Post was that Exxon was once again the market cap king — the world’s most valuable company,” Phillip Elmer-Dewitt reports for Fortune.
“When Apple retook the lead the next day,” P.E.D. reports, “almost no one noticed.”
MacDailyNews Take: We did: Apple reassumes throne as World’s Most Valuable Company – January 28, 2013
P.E.D. writes, “Perhaps that news didn’t fit the Apple-is-doomed narrative.”
MacDailyNews Take: Exactly.
“Now, having lost and regained the lead several times since, Apple is once again pulling away from the oil giant,” P.E.D reports. “By midday Monday, with Apple at $434.4 billion and Exxon at $404.8.”
Full article, with market cap comparison chart, here.
[Thanks to MacDailyNews Reader “Ellis D.” for the heads up.]
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