Exxon regains title of world's most valuable company after Apple debacle
decline of 38% since then has taken Apple's market cap below Exxon's allowing the latter to regain the top spot as the world's most valuable company. Exxon now has a market cap of $418.23 billion versus Apple's $413.06 billion. The company seems to have lost the backing of Wall Street and main street. During its run up to all time highs, both good news and bad news were equally rewarded. Now, good news and bad news are equally met with selling. While Apple CEO Tim Cook might say that the product pipeline is "chock full," the cycle that Apple is currently in cannot easily be broken.
About a half dozen U.S. companies in history have hit the $500 billion value mark including Apple, Microsoft and Exxon. Only Apple and Microsoft have ever hit $600 billion.
In other Apple news the company has started pushing out iOS 6.1 beta 5 to registered developers. The update will allow Siri to buy movie tickets, and should improve Apple Maps, Passbook and a fix a few bugs. Beta 4 expires on Tuesday, so registered developers need to update to beta 5 ASAP!
source: TheGuardian, RedmondPie (1), (2)
Posts: 1422; Member since: Sep 29, 2012
posted on Jan 27, 2013, 1:18 AM 9
Posts: 78; Member since: Oct 07, 2012
posted on Jan 27, 2013, 1:54 AM 18
Posts: 17511; Member since: Jun 17, 2009
posted on Jan 27, 2013, 5:56 AM 14
Posts: 10; Member since: Jan 07, 2013
posted on Jan 27, 2013, 9:13 PM 1
Posts: 4275; Member since: Jun 26, 2011
posted on Jan 29, 2013, 12:42 AM 0
Posts: 176; Member since: Nov 17, 2011
posted on Jan 27, 2013, 6:22 AM 5
posted on Jan 27, 2013, 2:15 AM 2
posted on Jan 27, 2013, 3:24 PM 2
Posts: 4769; Member since: Mar 07, 2012
posted on Jan 27, 2013, 11:10 AM 3
Posts: 507; Member since: Oct 07, 2011
posted on Jan 27, 2013, 1:18 AM 20
Posts: 456; Member since: Nov 19, 2011
posted on Jan 27, 2013, 10:00 AM 5
Posts: 13; Member since: Jan 20, 2013
posted on Jan 27, 2013, 6:07 AM 1
Posts: 1256; Member since: Nov 12, 2012
posted on Jan 27, 2013, 1:34 AM 1
posted on Jan 27, 2013, 2:08 AM 5
PhoneArena Comments Rules
A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative. However, when posting, one must stay true to the topic, and not just share some random thoughts, which are not directly related to the matter.
Things that are NOT allowed:
- Off-topic talk - you must stick to the subject of discussion
- Trolling - see a description
- Flame wars
- Offensive, hate speech - if you want to say something, say it politely
- Spam/Advertisements - these posts are deleted
- Multiple accounts - one person can have only one account
- Impersonations and offensive nicknames - these accounts get banned
Moderation is done by humans. We try to be as objective as possible and moderate with zero bias. If you think a post should be moderated - please, report it.
Have a question about the rules or why you have been moderated/limited/banned? Please, contact us.
Send a warning to post author
Send a warning to Selected user.
The user has 0 warnings currently.
Next warning will result in ban!
Ban user and delete all posts
Message to PhoneArena moderator (optional):