Apple Becomes The World’s Most Valuable Company

Today is a historic day for Technology in general and Apple in particular. In the afternoon trading session, Apple Computers – makers of iPhones, iPads, iPods and Macs – blew past energy giant Exxon Mobil to become the most valued company.

At around 2:30 p.m, Apple’s stock (AAPL Ticker) was $366.62, up $10.66, or 3.02%, giving it a market valuation of $337.11 billion whereas Exxon Mobil was $68.90, down $1.45, or 2.07 percent, with a market valuation of $333.54 billion.

This made Apple hold a $4 billion lead over Exxon Mobil in terms of it’s valuation.

Charles Golvin, an analyst tracking the mobile technology sector at Forrester Research reflected on this historic moment.

This all goes back to Apple’s distillation when it changed its name from Apple Computer, to Apple, and their role as a technology influencer in everything we touch. Over the years Apple has become a massive force on our digital lifestyles, and they way that we connect with each other.

–Charles Golvin @ Forrester Research. Aug 9, 2011

[ via nytimes blog ]

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