Apple becomes the most Valuable Traded Company, ExxonMobil comes at Second Position

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Finally it has happened, Apple has become the most valuable company. May be it's just the matter of time but whatever is it it has atlast happened - Apple is the most valuable publicly traded company now, beating ExxonMobil for the top spot. The gap between the two companies seems to be widening too. All this is happening after a record-breaking quarter for Apple, which saw the Cupertino company become the world's biggest smartphone maker.

Apple temporarily overtook ExxonMobil on Tuesday, but ended the day second. Yesterday, however, Apple held the top spot when trading closed for the day and today, it's still on top.

Apple's market cap is currently sitting at just over $340 billion and ExxonMobil's is $335billion. Apple's stock has been on its way up for a long time now, but ExxonMobil recently lost a big chunk of its marketing cap (it used to be $400+ billion less than a month ago), which helped speed up the process.
2011 will probably be remembered as one of the best years in Apple's history and there's more to come - we're still waiting on the iPhone 5 (or is it 4S?).

Posted by tAngOlOgIx