Exxon Mobil is now again the world's most valuable publicly traded company as Apple shares hit new low.
Apple stock has closed at $402 yesterday after suffering a sharp decline. This is the lowest point in 18 month. Now Exxon Mobil has back on top of the list of most valuable companies. Reports from suppliers have triggered the sharp loss of over $20 yesterday.
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Apple will report its Q2 earnings next week on April 23. Analyst expect declining sales of iPad and iPhone. That actually leaves the chance open for Apple to surprise with something positive that could send the stock higher again.
Also any kind of new product announcement would help a lot right now.