NEW YORK (AP) - Exxon has once again surpassed Apple as the world's most valuable company after the iPhone and iPad maker saw its stock price falter.
Apple Inc.'s stock has been on the decline since its earnings report earlier this week. It dropped 2 percent Friday to $441.30 for a market capitalization of $414.5 billion. Exxon Mobil Corp. gained 13 cents to $91.48 and has a market capitalization of $417 billion.
Apple's earnings results, posted Wednesday, suggested that its fast growth phase, rare for a company of its size, may be coming to an end. On Thursday, the stock saw its biggest one-day percentage drop since 2008.
Apple first surpassed Exxon in the summer of 2011. The two companies traded places through that fall, until Apple surpassed Exxon for good in early 2012.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.