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Apple Now (Was) the Most Valuably Company in the World

August 10, 2011

Holly Crap! Apple, a company that was 90 days away from bankruptcy when Steve Jobs returned to Apple, was temporarily the most valuable company in the world at 342.53 billion. This phenomenon is partly due to the recent stock market drops in the past week but also due to Apple’s inability to falter for more than a decade with persistent profit and revenue increases due to amazing growth of the Mac, iPod, iPhone and iPad.

When the US markets dropped last week, Apple did not take nearly as much of a hit as Exxon Mobil which allowed Apple to creep by. When the markets closed today Exxon slid back in front of apple but only by 2 billion which means that Apple can probably take the lead again. 

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