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Friday, January 25, 2013
ExxonMobil Surpasses Apple As World's Most Valuable Company

ExxonMobil on Friday took the crown of the "world's most valuable company" back from Apple, as Apple's stock keep falling.

Apple's stock has taken a serious knee-capping this week. As a result, Exxon on Friday became the world's most valuable company as Apple's stock fell $10.46, or 2.32%, to $440.04.

In midday trading, Exxon boasted a $417.59 billion market cap; Apple's was $412.36 billion.

Apple's stock has now dropped 37% since its September high of $702.10. In just the last two days, the stock is down 14.6%.

In August 2011, Apple first overtook ExxonMobil as the most valuable company in the world based on the value of its stock.

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