Peter Binder Last Thursday, Apple became the world's second largest company by market value, leapfrogging $0,3 billion over PetroChina, which had been in second place until recently.
Apple currently has a market cap of $265,8 billion, and as previously mentioned, it took the place of PetroChina, which had a market cap of $265,5 billion. Reigning in first place on this list with a comfortable lead of almost $50 billion is Exxon-Mobil, a company valued at $313,3 billion.
This year, Apple has made great strides in market value. In May 2010, it overtook Microsoft, which was worth $222 billion, making Apple the second largest US company behind Exxon-Mobil. This means that from May to the end of September, Apple's value increased by some $43,8 billion.
Now Apple is the second largest company in the world by market value, making it the first largest American company behind Exxon-Mobil. Exxon Mobil has also risen significantly since May, at which time it was worth around $280 billion.
Source: www.appleinsider.com
Jeez, those are numbers... :-O
Anyone sell apple stock?
:D
we will not sell. :-)
Otherwise, an American billion is a billion here, just to clarify...
Thanks for the reminder, I already rewrote it :).
jj it's fine... also that I bought shares (albeit already relatively expensive). I hope they come up with a price target “prediction” that hovers over $330… currently around $292…