As most of you have no doubt seen by now, it has been a wild ride in the stock markets across the globe this week. Despite the volatility, Apple did have a bright spot in that it was able to close today as the world's most valuable company, overtaking Exxon Mobil.
Yesterday, Apple had passed Exxon Mobil on several occasions as the most-valuable publicly traded company, but the oil giant ended ahead of Apple. Today was a different story, despite both companies' stock prices being down. The difference maker though was that Exxon Mobil finished lower, clinching the spot for Apple.
Apple finished at $363.49, with a market cap of $337.17 billion. Exxon Mobil finished at $68.03, with a valuation of $330.88 billion.
That said though, while Apple may currently be worth more than Exxon Mobil, Exxon is still the bigger company. Exxon raked in $10.7 billion in profit on $121.4 billion in revenue in the June quarter with 83,600 employees.
By comparison, Apple made $7.3 billion on $28.6 billion in revenue with 46,600 employees last quarter.
Apple: Worlds Most Valuable Company!
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