Apple briefly passes Exxon Mobile in market value

By Yan Pei
0 Comment(s)Print E-mail China.org.cn, August 10, 2011
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In January, Apple has just surpassed PetroChina as the second largest company by market value.

 

Apple briefly overtakes Exxon Mobile in market value

苹果昨日曾为全球市值最大企业

Apple Inc., a company that was on the verge of bankruptcy in 1997, temporarily surpassed Exxon Mobile on Tuesday to be the world's largest company in terms of market value, Sina Tech reported Wednesday.

Shares of Apple surged as much as 6.1 percent to US$374.61 on the NASDAQ stock market, with its market capitalization reaching US$347.3 billion and passing Exxon Mobile for part of the trading day.

Shares of Exxon Mobile rebounded later that day and claimed back the title of the most valuable company in the world.

Apple shares went up 5.89 percent to US$374.01 at Tuesday's closing, while shares of Exxon Mobile closed down 2.07 percent at US$71.64.

Market capitalizations of the two companies are both around US$341 billion, with the energy giant's slightly higher.

In January, Apple surpassed PetroChina as the second largest company by market value. In May 2010, the California-based company overtook Microsoft to be the most valuable tech company in the world.

在周二纳斯达克市场常规交易中,苹果曾短暂超越埃克森美孚,成为全球市值最大的企业。而苹果在1997年还曾濒临破产。

在本周二纳斯达克股市,苹果股价最高增长6.1%至374.61美元,市值达3473亿美元。瞬间超越艾克森石油公司。

不过,截止收盘,艾克森石油公司再度超越苹果,重新成为全球最有价值公司。

到周二收盘时,苹果股价上涨5.89%,收于374.01美元;埃克森美孚下跌2.07%,收于71.64亿美元。

目前,两家企业的市值都在3,410亿美元左右,埃克森美孚市值略高。

今年1月份,苹果超越中国石油,成为全球市值第二大的企业。去年5月,苹果市值超过微软,成为全球最值钱的科技公司。

China's business press carried the story above on Tuesday. 

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