For a brief moment yesterday, Apple bumped Exxon Mobil into the runner-up spot on the New York Stock Exchange to become the most valuable company in the US. However, the oil giant was restored to the top of the pile at close of trading on Tuesday.
Apple’s brief perch at the top was considered significant by market analysts, who suggested that it was the iPad and iPhone maker’s destiny to eventually take a more permanent seat in at the top of the heap, reports “The Register” (http://macte.ch/grlJa). Apple’s value climbed to US$341.5b billion yesterday afternoon, just ahead of Exxon Mobil’s $341.4 billion trading figure.