Apple Now Reigns as World's Most Valuable Company
For a brief period of time on Tuesday, Apple took position ahead of Exxon Mobil, but by the end of the day the situation had reversed. Yesterday, the same thing happened, but Apple managed to hang onto its lead, meaning that on top of having more money than the entire United States, the company is now worth more than any other.
It is perhaps unsurprising, as Apple has seen steady growth over the past few years, which has only been boosted by the iPad's success and wins in patent infringement cases against Samsung and HTC, in the E.U. and U.S. respectively. The company now sits at a market value of about $337,174 million, compared with Exxon Mobil's $330,770 million, and has also surpassed Microsoft and IBM, among others.
With Apple now sitting on top in seemingly every measurable way financially, consumers have to wonder what the company will do with the money. Perhaps an Apple Store on every corner, much like Starbucks.