Tech titan Apple is likely to be crowned the world's most valuable company tomorrow after briefly stealing the title from ExxonMobil today as stock markets on Wall Street rebounded, te Telegraph reports
The market capitalisation of the manufacturer of iPad and iPhone touched $341.5bn (£210bn) during afternoon trading, just eclipsing Exxon as Apple's shares jumped 3.5pc to $365.13.
Exxon starts trading tomorrow without a dividend which analysts say should depress the company's share price. The toppling of Exxon caps a remarkable 14 years for Apple, which Steve Jobs pulled back from the edge of bankruptcy in 1997 when he again took the helm of the company he co-founded in his garage in the late 1970s….
Find out more at http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/electronics/8692082/Apple-becomes-worlds-most-valuable-company.html
No comments:
Post a Comment