Stock Rally Makes Apple World’s Most Valuable Corporation

| Apple Stock Watch

A rally in the stock market sent shares of Apple Inc. rebounding off of losses in the last two trading session, and in the process, made the Mac and iOS device maker worth more than any other company on the planet, including former number one, Exxon Mobil.

Trading remains very active in both Apple and Exxon Mobil, and the market caps for both firms are jumping like a seven-year old on a sugar high, but as of this writing, Apple Inc. was trading at US$361.35 +8.14 (+2.30%), on heavy volume. That share price gives Apple a market cap of $335 billion.

In the chart below, you can see the volatile trading that Apple has seen throughout Tuesday’s trading (you can read an analysis piece from David Winograd about AAPL volatility published earlier Tuesday morning at The Mac Observer).

AAPL Chart

Source: Yahoo! Finance

At the same time, Exxon Mobile (XOM) was trading at $67.58 per share, down $2.61 (-3.72%), also on very heavy volume. That share price gives the oil and energy giant a market cap of $328.6 billion, $6.4 billion less than Apple, the company that Michael Dell once famously suggested shut its doors, sell its assets, and return the money to shareholders.

In the mid-afternoon session, Dell (DELL) was trading at $13.73 per share, down $0.220 (-1.58%), with a market cap of $25.9 billion.

The chart below shows the last year of trading for Apple and Exxon Mobile in terms of percentage gains and losses. It shows that Apple has been able to overtake Exxon in part because Exxon’s stock has suffered more during the recent bear market than has Apple’s.


Source: Yahoo! Finance

*In the interest of full disclosure, the author holds a tiny, almost insignificant share in AAPL stock that was not an influence in the creation of this article.



A few weeks ago I believe there was an article that said it would probably take till Xmas for this to happen. I checked the shares and Exxon was a couple of tens below four hundred and Apple was a ten or two above mid three hundreds.

So I guess these troubled times affected the petro industry, too.

On another happy note, Dell looks like it might soon be at the value of a bottom end toilet paper factory. Time Michael did what is necessary and return the cash to the share holders.

Lee Dronick

As much as I like to razz Dell as if they were the Dodgers I would hate to see anyone lose their job. Anyway I hope that Apple can stay on top for the next 15-20 years.


Dear Sir Harry:  I hope that, for at least the next 15 to 20 years, Apple stays on top, as it is now or even more so, provided that it continues to earn the right to be on top, as it has today.


As much as I like to razz Dell as if they were the Dodgers I would hate to see anyone lose their job.

You’re right, Sir H. Taking pleasure in what would cause others distress is not gracious. May the rise of Apple produce jobs galore throughout the industry!


“May the rise of Apple produce jobs galore throughout the industry!”

Yes & amen.  Particularly, may the rise of Apple produce jobs etc, throughout Samsung.

Lee Dronick

Hopefully the rest of the industry takes Apple’s cue and creates products that people are anxious to buy and will indeed do so. Not that they have to be smart phones, tablets, or PCs, but something that will set a niche on fire as Apple did with the iPhone and the iPad. To that end the suits might need to take a time out to just chop wood and carry water so that the ideas can flow into them. I myself am way overdue for a walkabout even if it is for a few days, high lonely mountaintops beckon me.

Log in to comment (TMO, Twitter or Facebook) or Register for a TMO account