nsane.forums Posted January 26, 2013 Share Posted January 26, 2013 Apple has lost the title of "most valuable company" to Exxon Mobil, as their market capitalization has slipped below that of Exxon for the first time since August 2011 as stock prices continue to fall.The stock value of Apple has continued sliding these past few days following lackluster financials for Q4 2012, with the tech giant losing the "most valuable company" title to Exxon Mobil today. Way back in August 2011, Apple took the crown from Exxon briefly, before cementing the position in the following days and months; they even reached a record share price of $700 in September 2012.Now the share price for Apple sits at just $439.88 after falling 2.36% in the day's trading, bringing the market capitalization down to $413.04 billion. Meanwhile, Exxon Mobil's relatively steady stock price rose today to $91.73, bringing their market cap to $418.23 billion, higher than Apple's for the first time in years. Due to this change, Exxon Mobil now steals the crown of the most valuable company back from Apple.Apple's stock price is now at the lowest value since January 24, 2012, effectively wiping away all the gains they had made for 2012. With increasing market competition and innovation, especially from the likes of Android and Samsung's Galaxy range, Apple is losing the edge they once held.View: Original Article Link to comment Share on other sites More sharing options...
rudrax Posted January 26, 2013 Share Posted January 26, 2013 Rotten Apple :duh: Link to comment Share on other sites More sharing options...
nIGHT Posted January 26, 2013 Share Posted January 26, 2013 It's a stock market that depends on the investors confidence of the company's profitability and stability. <_<Lucky I'm not an apple fan. :P Link to comment Share on other sites More sharing options...
ffi Posted February 3, 2013 Share Posted February 3, 2013 I hate Apple and out of principle would never buy an Apple product nor Apple stock until they drop all that patent trolling but at $700 a share, apple was still fair priced compared to eg Google (I love Google as a company, I think they really made the world a better place unlike apple) but if I wanted to make money and didn't have a conscience I would buy apple, even at 700 a share their share price to earnings ratio (p/e) were better than google's and a lot of other s&p listed companies, let alone nasdaq listed companies Link to comment Share on other sites More sharing options...
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