11 Aug '11, 12am

Apple ends the trading day as, officially, the world's most valuable company

Apple surpassed Exxon Mobil to seize the title of world's most valuable company, as investor confidence in high-tech growth prospects exceeded faith in the oil industry's gushing profits. While both companies declined yesterday, Exxon fell more, leaving it with a market value of US$330.8 billion (S$402.9 billion), compared with US$337.2 billion for Apple at the close of US markets. Apple first passed Exxon in intraday trading on Tuesday. BLOOMBERG

Full article: http://www.todayonline.com/Business/EDC110811-0000548/Its...

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