Amidst another sharp market downturn Apple comes out as a winner.
Today Apple is the most valuable U.S. company. The market has closed and the market cap of Apple is $337.17 Billion. Exxon Mobile closed at a market cap of $330.77 billion. Most people expected Apple to reach that goal in Fall with all the cool things happening then. The iPhone 5 launch along with iOS 5 and the iCloud should get Apple Stock above $500. The crazy stock market reactions over the last days amidst fears of Armageddon have mixed things up. Apple was already above Exxon Mobile briefly yesterday. Exxon Mobile stock tanked more than Apple's stock today as the market got scared again.
Apple is actually predicted to become the first $1 Trillion company by Reuters.
Luigi Lugmayr 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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