Home Nation World Business Politics Odd & Weird Region Entertainment Education
Pardaphash Logo
Hindi


Apple losses it to Exxon, no longer the most valuable company




Published by:
Published on: Sat, 26 Jan 2013 at 06:57 IST
Apple losses it to Exxon, no longer the most valuable company
New York: Oil giant Exxon Mobil once again becomes the most valuable listed company after losing the title to the tech giant Apple a year ago.

By the closing Friday, Apple's shares slid 2.36 percent to $439.88 per share for a market value of around $413 billion. Exxon's shares gained 0.42 percent to $91.73 per share for a market value of some $418.2 billion.

Compared with its historical intraday high of $705.07 per share set on September 21, 2012, Apple's share price has retreated 38 percent.

Apple's shares made a free fall during Thursday's trading after the tech giant reported lacklustre earnings and sales in the first quarter of its 2013 fiscal year.

In the quarter ending December 29, Apple made a record-high profit of $13.1 billion on a revenue of $54.5 billion, but the figures still fell short of analysts expectations.

The company also reported record-high sales of 47.8 million iPhones and 22.9 million iPads but failed to beat analysts forecast.

Apple's share price first surpassed Exxon's in the summer of 2011 and since then the two companies had been vying for the title. In January 2012, Apple beat Exxon by an overwhelming margin and has been holding on to it until Friday.
Previous
Shahrukh Khan honoured with the Dadasaheb Phalke Film Foundation Award
Shahrukh Khan honoured with the Dadasaheb Phalke Film Foundation Award
Shah Rukh Khan honoured at The Asian Awards
Shah Rukh Khan honoured at The Asian Awards
Priyanka Chopra, Ranveer Singh, engage into friendly banter at trailer launch of ‘Dil Dhadakne Do’ | See Gallery
Priyanka Chopra, Ranveer Singh, engage into friendly banter at trailer launch of ‘Dil Dhadakne Do’ | See Gallery
'Main Tamanna' Documentary Trailer Launch & Fashion Show to Raise Funds for Anu Ranjan's 'Beti' Charitable Trust
'Main Tamanna' Documentary Trailer Launch & Fashion Show to Raise Funds for Anu Ranjan's 'Beti' Charitable Trust
Evelyn Sharma & Neil Nitin Mukesh Promoting Hong Kong Tourism
Evelyn Sharma & Neil Nitin Mukesh Promoting Hong Kong Tourism
Hot Sofia Vergara on Vanity Fair Magazine Cover
Hot Sofia Vergara on Vanity Fair Magazine Cover
Poonam Pandey Launches HELEN
Poonam Pandey Launches HELEN
Ranveer Singh discharged from hospital post shoulder surgery
Ranveer Singh discharged from hospital post shoulder surgery
Ireland Baldwin poses nude for lingerie shoot
Ireland Baldwin poses nude for lingerie shoot
Mallika Sherawat Emraan Hashmi's boldest film Murder completes 11 years
Mallika Sherawat Emraan Hashmi's boldest film Murder completes 11 years
Honda Civic Concept Showcased at New York Auto Show
Honda Civic Concept Showcased at New York Auto Show
Anushka Sharma’s jaw dropping photo shoot for Verve March 2015 Edition | See Gallery
Anushka Sharma’s jaw dropping photo shoot for Verve March 2015 Edition | See Gallery
Sunny Leone, Ram Kapoor exhibit hot chemistry in Kuch Kuch Locha Hai
Sunny Leone, Ram Kapoor exhibit hot chemistry in Kuch Kuch Locha Hai
Jay Bhanushali invites Sunny Leone, Sushant Singh Rajput, Daniel Webber at wife Mahhi Vij’s birthday bash
Jay Bhanushali invites Sunny Leone, Sushant Singh Rajput, Daniel Webber at wife Mahhi Vij’s birthday bash
Rajkumar Rao redefines style in latest photoshoot | See Gallery
Rajkumar Rao redefines style in latest photoshoot | See Gallery
Next

Related Stories:-

BREAKING NEWS
UP CM Akhilesh Yadav orders immediate shut down of schools in state after observing earthquake
Massive quake jolts Nepal, tremors in India
Gajendra Singh was in contact with AAP leader Manish Sisodia: Brother Bijendra Singh
Juveniles aging 16 to18 years to be tried as adults in heinous crimes
 
Opinion Polls
Which Land Acquisition Bill is better?
None
UPA Government's Bill
Narendra Modi Government's Bill


Pardaphash name, logo and all associated elements ® and © 2011 Mahakaal News Management Pvt. Ltd.
All rights reserved. Pardaphash and the Pardaphash logo are registered marks of Mahakaal News management Pvt. Ltd.
Pardaphash is hosted with Enzoo could compute engine.
Valid XHTML 1.0 Transitional
This page is generated in : 0.005 Seconds




EXCLUSIVE: IPL 8 Schedule | Check Here