Jul 4 2013, 5:17am CDT | by Luigi Lugmayr
Apple has lost market cap in dramatic dimensions in the first half of 2013. According to Reuters , the company has lost $128 billion. Now Exxon Mobile has a higher market cap again and Apple gets pushed to second place.
Exxon Mobile stands today at a market cap of $403.24 billion and Apple has $394.98 billion.
I am though pretty confident that Apple will take the lead again latest early 2014. The holiday quarter will be critical for Apple and the company is holding back all hardware releases for this crucial quarter. With the release of the new iPhones (iPhone 5S, iPhone Mini), iPads (iPad 5, iPad mini 2) and possible iWatch sales are likely to explode.
Disclaimer: I own Apple shares.
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at email@example.com.
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