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Briefly, Apple Reigns as the Most Valuable Company

Tue, 08/09/2011 - 6:35pm
New York Times

SAN FRANCISCO — For several hours on Tuesday, Apple surpassed Exxon Mobil, the energy company, as the stock market’s most valuable company.

But by trading’s close, Exxon Mobil was back in the lead, although less than $2 billion ahead of Apple, the maker of iPhones, iPads and Mac computers.

At the end of regular trading, Apple shares closed at $374.01, up 5.89 percent, for a market valuation of $346.74 billion. Exxon Mobil closed at $71.64, up 2.07 percent, with a market capitalization of only $1.58 billion more, $348.32 billion. During the day’s seesaw trading, Apple’s market cap surpassed Exxon Mobil by as much as $7 billion.

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