Home Business Newsvoir
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
PM, Prez pay last tributes to Bharat Ratna APJ Abdul Kalam
PM, Prez pay last tributes to Bharat Ratna APJ Abdul Kalam
Mission: Impossible Rogue Nation Snaps | See rare gallery
Mission: Impossible Rogue Nation Snaps | See rare gallery
See Selena Gomez seductive photos collection days ahead of her 23rd birthday
See Selena Gomez seductive photos collection days ahead of her 23rd birthday
Shahrukh Khan starrer Raees first look
Shahrukh Khan starrer Raees first look
Kim Kardashian sports gold bra; poses in NUDE bodysuit
Kim Kardashian sports gold bra; poses in NUDE bodysuit
Ranveer Singh's heart stirring gesture, see what!
Ranveer Singh's heart stirring gesture, see what!
In Pics | Mithun Chakraborty, Punit Pathak, Gaiti Siddiqui & Mudassar and Jay Bhanushali at the launch of Dance India Dance (DID) Season 5
In Pics | Mithun Chakraborty, Punit Pathak, Gaiti Siddiqui & Mudassar and Jay Bhanushali at the launch of Dance India Dance (DID) Season 5
Marathi film Welcome Zindagi's Premiere at Metro Big Cinemas in Mumbai
Marathi film Welcome Zindagi's Premiere at Metro Big Cinemas in Mumbai
Miley Cyrus bares all for Paper Magazine
Miley Cyrus bares all for Paper Magazine
Bruce Jenner finally debuts as Caitlyn on Vanity Fair
Bruce Jenner finally debuts as Caitlyn on Vanity Fair
Feel the heat with Sofia Hayat's bikini pics for Victoria's Secret
Feel the heat with Sofia Hayat's bikini pics for Victoria's Secret
AbRam poses very much like father Shah Rukh Khan
AbRam poses very much like father Shah Rukh Khan
PardaPhash's 4th Anniversary Graced by Principal Secretary, Information, Navneet Sehgal
PardaPhash's 4th Anniversary Graced by Principal Secretary, Information, Navneet Sehgal
IPL 2015 CSK vs MI Final: Mumbai Indians winning moments
IPL 2015 CSK vs MI Final: Mumbai Indians winning moments
Deepika Padukone’s Piku success bash, a starry affair
Deepika Padukone’s Piku success bash, a starry affair
Next

Related Stories:-

BREAKING NEWS
Yakub Memon Hanging: Section 144 imposed near Nagpur Jail
President Pranab Mukherjee dismisses Yakub Memon's mercy plea: Sources
SC dismisses Yakub Memon's plea against death warrant
 
Opinion Polls
Should MS Dhoni step down as ODI captain?
Yes
No
Can't Say


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 : 0.007 Seconds




EXCLUSIVE: Incredible achievements of 'The People’s President' Dr APJ Abdul Kalam